-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MSKGhYdNyn0sXzw5Z3bWy7nGjn0l/hm1Gi/zihLX7IhpJV/2blNQkqH3brjW8T1J
 KgrlUtvHznftX+bmmeSSoQ==

<SEC-DOCUMENT>0000718940-06-000021.txt : 20060227
<SEC-HEADER>0000718940-06-000021.hdr.sgml : 20060227
<ACCEPTANCE-DATETIME>20060224213939
ACCESSION NUMBER:		0000718940-06-000021
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20060224
FILED AS OF DATE:		20060227
DATE AS OF CHANGE:		20060224

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:		06644848

	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>bceform6kcode.htm
<DESCRIPTION>REVISED BCE CODE OF CONDUCT
<TEXT>
<HTML>
<HEAD>
<TITLE>AutoCoded Document</TITLE>
</HEAD>
<BODY>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<p>&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>February 2006</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) 870-8777<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.<br>
    </FONT></p>
</blockquote>
<font size="2" face="Arial, Helvetica, sans-serif"> </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 style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=1>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"><img src="bcelogo.gif" width="257" height="92"></td>
    <td width="50%">
<div align="right"><img src="belllogo.gif" width="133" height="76"></div></td>
  </tr>
</table>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2"><B><font face="Arial, Helvetica, sans-serif"><em><font size="5">Bell
  Canada Enterprises</font></em></font></B></FONT></FONT><font size="5" face="Arial, Helvetica, sans-serif"><em><br>
  <B>Code of Business Conduct</B></em></font></P>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER"><img src="compass.gif" width="809" height="530"></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="right"><FONT SIZE="2">Joan Grass</FONT></P>
<P ALIGN="right"><FONT SIZE="2">Associate Director,</FONT></P>
<P ALIGN="right"><FONT SIZE="2">Ethics &amp; Policy Management Group</FONT></P>
<P ALIGN="right"><FONT SIZE="2">(416) 353-8032</FONT></P>
<P ALIGN="right"><strong>LAST REVISED JANUARY 6, 2006</strong></P>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="left"><font size="1">&nbsp;&#169; BCE Inc./Bell Canada 2005. All Rights
  Reserved.</font></P>
</font>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<P ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><strong>Contents</strong></FONT></FONT></P>

<table width="99%" border="0">
  <tr>
    <td width="7%"><font face="Times New Roman, Times, Serif"><font size="2"><b><font face="Arial, Helvetica, sans-serif">1.</font></b></font></font></td>
    <td colspan="3"><font face="Times New Roman, Times, Serif"><font size="2"><b><font face="Arial, Helvetica, sans-serif">
      POLICY</font><font size="2" face="Arial, Helvetica, sans-serif"> OVERVIEW</font></b></font></font></td>
    <td width="7%"><div align="right"><font face="Times New Roman, Times, Serif"><font size="2"><b><font size="2" face="Arial, Helvetica, sans-serif">4
        </font></b></font></font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">1.1.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">SUMMARY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">4
        </font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">1.2.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">PURPOSE</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">5</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif"> 1.3.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">SCOPE</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">5</font>
      </div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif"><em>1.3.1.
      Applies to (inclusions)</em></font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif"><em>5</em></font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif"><em>1.3.2.
      Does not apply (exclusions)</em></font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif"><em>5</em></font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">1.4.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">AUDIENCE</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">5</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif"><b>2.</b></font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif"><b> POLICY</b>
      <strong>DETAILS</strong></font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif"><strong>6</strong></font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">A.
      </font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">OUR
      PRINCIPLES OF BUSINESS CONDUCT</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">6</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.1.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">PERSONAL<b>
      </b>INTEGRITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">6</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.2.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> OUR RESPONSIBILITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">6</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.3.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> BUSINESS
      CONDUCT HELP LINE</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">7</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.4.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> COMPLAINT
      PROCEDURES FOR MATTERS RELATING TO ACCOUNTING, INTERNAL </font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">7
        </font></div></td>
  </tr>
  <tr>
    <td colspan="4"><font size="2" face="Arial, Helvetica, sans-serif">ACCOUNTING
      CONTROLS OR AUDIT MATTERS</font></td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">B.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      COMPLIANCE WITH THE CODE</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">9</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.5.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">EMPLOYEES'
      RESPONSIBILITIES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">9</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.6.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> MANAGERS'
      RESPONSIBILITIES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">9</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.7.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> PENALTIES
      FOR VIOLATION</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">10</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">C.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      CONFLICTS OF INTEREST</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">10</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.8.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> CONFLICTS
      OF INTEREST</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">10
        </font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.9.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> CONFLICTS
      OF INTEREST GUIDELINES FOR OFFICERS AND VICE-PRESIDENTS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">11</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.10.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> LOANS,
      GIFTS AND ENTERTAINMENT</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">12</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.11.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> LOANS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">12</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.12.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> GIFTS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">12</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.13.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> ENTERTAINMENT</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">13</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.14.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> FAMILY
      AND PERSONAL RELATIONSHIPS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">14</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.15.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> SUPPLIER-FUNDED
      INCENTIVE PROGRAMS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">15</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.16.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> OUTSIDE
      EMPLOYMENT, CORPORATE OPPORTUNITIES AND OTHER ACTIVITIES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">15</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">D.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      IMPROPER INFLUENCE ON THE CONDUCT OF AUDITS</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">16</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.17.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> IMPROPER
      INFLUENCE ON THE CONDUCT OF AUDITS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">16</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">E.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      INSIDER TRADING</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">16</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.18.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> RULES
      CONCERNING INSIDER TRADING</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">16
        </font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.19.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">MATERIAL<b>
      </b>INFORMATION</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">16</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.20. </font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">TRADING
      AND TIPPING<b> </b></font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">18
        </font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.21. </font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">SHORT SALES,
      CALLS AND PUTS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">19</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">F.
      </font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">PUBLIC
      DISCLOSURE OF MATERIAL INFORMATION</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">19</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.22.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> DISCLOSURE
      POLICY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">20
        </font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">G.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">CONFIDENTIALITY</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">20</font>
        </strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.23.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> CUSTOMER
      PRIVACY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">20</font></div></td>
  </tr>
  <tr>
    <td width="7%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">2.24.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">THE BELL
      CUSTOMER PRIVACY POLICY AND THE BELL CODE OF FAIR INFORMATION PRACTICES</font></td>
    <td width="7%" valign="top">
<div align="right"><font size="2" face="Arial, Helvetica, sans-serif">22</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"><font face="Arial, Helvetica, sans-serif">
      <P ALIGN="left"><font size="1">&nbsp;&#169; BCE Inc./Bell Canada 2005. All
        Rights Reserved.</font></P>
      </font> </td>
    <td width="50%">
<div align="right"><font size="2" face="Arial, Helvetica, sans-serif">ii of 51</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"></font></p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.25.</font></td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%"><font size="2" face="Arial, Helvetica, sans-serif"> PROPRIETARY
      INFORMATION</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">23
        </font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.26.</font></td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%"><font size="2" face="Arial, Helvetica, sans-serif"> USE OF
      CONFIDENTIAL INFORMATION</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">25</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">H.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      DEALING WITH CUSTOMERS, COMPETITORS AND SUPPLIERS</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">25</font>
        </strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.27.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">CUSTOMER<b>
      </b>RELATIONS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">25</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.28.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> SELLING
      OUR PRODUCTS AND SERVICES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">25</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.29</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">TREATING
      COMPETITORS WITH RESPECT</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">26</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.30.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> OBTAINING
      INFORMATION ABOUT OUR COMPETITORS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">27</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.31. </font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">WHEN A
      COMPETITOR IS A CUSTOMER</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">28</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.32.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> RECIPROCITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">28</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">I.
      </font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">SAFEGUARDING
      COMPANY ASSETS</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">29</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><p align="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">2.33.</font></p></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">FUNDS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">30</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.34.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> ELECTRONIC
      PROCUREMENT AND ELECTRONIC PROCESSING OF EXPENSE REPORTS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">31</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.35.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> BOOKS
      AND RECORDS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">31</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.36.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> CONTRACT
      AND AGREEMENT STANDARDS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">32</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.37.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> IS/IT
      AND NETWORK SECURITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">32</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.38. </font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">PERSONAL
      USE OF COMPANY-PROVIDED INTERNET ACCESS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">33</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.39.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">PROPERTY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">33</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.40.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> INTELLECTUAL
      PROPERTY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">34</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.41.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> VISIBLE
      ID</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">36</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">J.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      A WORK ENVIRONMENT BASED ON TRUST AND RESPECT</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">36</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.42.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> DIVERSITY
      IN THE WORKPLACE</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">36</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.43.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> EMPLOYMENT
      EQUITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">37</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.44.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> DISCRIMINATION
      AND HARASSMENT</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">37</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.45.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> REASONABLE
      ACCOMMODATION</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">38</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.46.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> OCCUPATIONAL
      HEALTH AND SAFETY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">38</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.47.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> CORPORATE
      SECURITY - EMERGENCY MANAGEMENT</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">39</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.48.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> ALCOHOL,
      DRUGS AND OTHER SUBSTANCES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">39</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.49.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> INVOLVEMENT
      IN A LEGAL MATTER</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">40</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.50.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> EMPLOYEE
      PRIVACY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">40</font>
      </div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.51.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"> <p align="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">
        WORKPLACE VIOLENCE</font></p></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">41</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">K.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      PROTECTING THE ENVIRONMENT</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">41</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.52.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> ENVIRONMENTAL
      POLICY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">41</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.53.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> REPORTING
      ENVIRONMENTAL INCIDENTS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">42</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">2.54.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> DISPOSAL
      OF RESIDUAL MATERIALS</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">42</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><strong><font size="2" face="Arial, Helvetica, sans-serif">3.</font></strong></td>
    <td colspan="3"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      ROLES AND RESPONSIBILITIES</font></strong></td>
    <td width="7%"><div align="right"><strong><font size="2" face="Arial, Helvetica, sans-serif">43</font></strong></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">3.1.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">ANNUAL
      REVIEW</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">43</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">3.2.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> BUSINESS
      UNIT ROLE AND/OR RESPONSIBILITY</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">43</font></div></td>
  </tr>
  <tr>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="72%">&nbsp;</td>
    <td width="7%"><div align="right"></div></td>
  </tr>
  <tr>
    <td colspan="4"><strong><font size="2" face="Arial, Helvetica, sans-serif">APPENDICES</font></strong></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif"><strong>44</strong></font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">A.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> SUPPORTING
      PROCEDURES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">44</font></div></td>
  </tr>
  <tr>
    <td width="7%"><font size="2" face="Arial, Helvetica, sans-serif">B.</font></td>
    <td width="7%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> REFERENCES</font></td>
    <td width="7%"><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">44</font></div></td>
  </tr>
  <tr>
    <td><font size="2" face="Arial, Helvetica, sans-serif">4.</font></td>
    <td>&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> POLICY
      OR PRACTICE DETAILS</font></td>
    <td><div align="right"><font size="2" face="Arial, Helvetica, sans-serif">51</font></div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">iii
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p><HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT">&nbsp; </P>
<table width="99%" border="0">
  <tr>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><b>1.</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif"><b> Policy
      overview</b></font></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center"><font face="Arial, Helvetica, sans-serif"><font size="2">1.1.</font></font></td>
    <td width="90%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Summary</font></font></td>
  </tr>
</table>
<P ALIGN="LEFT"><font face="Arial, Helvetica, sans-serif"></font> </P>
<p><font size="2" face="Arial, Helvetica, sans-serif"><B>FROM THE CHIEF EXECUTIVE OFFICER</B></font></p>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">At Bell
  Canada Enterprises, we are proud of our long-standing reputation for responsible
  and ethical business practices. As one of only a few Canadian companies recently
  named to the North America Dow Jones Sustainability Index, we are held to a
  very high standard of corporate excellence. We have a responsibility to our
  many stakeholders, including customers, investors and employees to demonstrate
  that we have earned that enviable reputation.</FONT> </P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Our reputation
  is not only an advantage in our increasingly competitive marketplace. It also
  means that we can take great pride in the way we conduct our business every
  day and in our company&#146;s place in Canada&#146;s commercial world.</FONT>
</P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">As we extend
  our operations from our roots in central Canada &#150; to reach more than 27
  million customer connections from the Atlantic provinces to British Columbia
  &#150; our reputation for integrity and honesty becomes an even more valued
  asset.</FONT> </P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">A strong
  reputation takes years to earn, but can be lost in seconds. In today&#146;s
  environment, each of us &#150; as individuals and as part of our team &#150;
  has a special obligation to demonstrate every hour of every day that, while
  we compete vigorously, we always conduct ourselves and our business in an exemplary
  manner.</FONT> </P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">To maintain
  these high standards and our reputation, we cannot just read the Code and sign
  compliance forms. We must live it and apply the Code to every action and decision
  we take.</FONT> </P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="30%"><img src="mjssignature.gif" width="188" height="87"></td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><hr width=100% size=1 color=BLACK noshade></td>
    <td width="70%">&nbsp;</td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">Michael J.
  Sabia</font><B><br>
  </B><font face="Arial, Helvetica, sans-serif"><font size="2">President and Chief
  Executive Officer, BCE Inc. <br>
  Chief Executive Officer, Bell Canada</font></font></P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">4
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center"><font face="Arial, Helvetica, sans-serif"><font size="2">1.2.</font></font></td>
    <td width="90%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      <p align="left">Purpose</p>
      </font></font></td>
  </tr>
</table>
<P ALIGN="LEFT"><font face="Arial, Helvetica, sans-serif"><font size="2"></font></font><FONT size="2" FACE="Arial, Helvetica, sans-serif">The
  Bell Canada Enterprises Code of Business Conduct (referred to as the &#147;Code&#148;)
  explains the standards of behaviour that Bell expects of you in your daily activities
  and reinforces the commitment of BCE Inc. and Bell Canada (referred to collectively
  as the &#147;Company&#148;) to customer service, its support for a working environment
  in which people are respected and its sensitivity to the needs of the community
  that it serves.</FONT> </P>
<font face="Arial, Helvetica, sans-serif"><font size="2"></font></font>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">1.3.</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Scope</font></td>
  </tr>
</table>
<br>
<table width="99%" border="0">
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif">1.3.1.</font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">Applies
      to (inclusions)</font></td>
  </tr>
</table>
<P ALIGN="left"><FONT size="2" FACE="Arial, Helvetica, sans-serif">While the Code,
  from time to time, refers to &#147;employees of the Company&#148; or &#147;employees
  of Bell&#148;, the Code applies to all employees and Officers of BCE Inc.,
  Bell Canada and its subsidiaries that are not public companies (collectively
  referred to as the &#147;employees of the Company&#148; or &#147;Bell&#148;),
  as well as to all persons serving as members of the Board of Directors of each
  of BCE Inc. and Bell Canada.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">BCE Inc. and
  Bell Canada subsidiaries that are public companies have their own code of conduct
  which should be consistent with this Code.</FONT> <br>
</P>
<div align="left"><font face="Arial, Helvetica, sans-serif"> </font></div>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">1.3.2.</font></font></td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">Does
      not apply (exclusions)</font></font></td>
  </tr>
</table>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><font size="2">N/A</font></P>
</font>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center"><font face="Arial, Helvetica, sans-serif"><font size="2">1.4.</font></font></td>
    <td width="90%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      <p align="left">Audience</p>
      </font></font></td>
  </tr>
</table>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><font size="2"> </font><FONT size="2" FACE="Arial, Helvetica, sans-serif">The
  Code provides various rules and guidelines for ethical behaviour based on Bell
  values, as well as applicable laws and regulations.</FONT> </P>
<font size="2"></font></font><font size="2" face="Arial, Helvetica, sans-serif">
</font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">As employees,
  Officers and Directors of the Company, we undertake to:</FONT></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">comply
      with applicable laws, regulations and Company policies and procedures</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">carry out
      our work duties and conduct our business relationships with integrity, honesty
      and fairness</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">avoid all
      conflicts of interest</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">avoid acts
      or omissions that give the appearance of misconduct</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">foster
      a work environment based on trust and respect for all stakeholders of the
      Bell Canada Enterprises community</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">foster
      a work environment which encourages open communication</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">maintain
      a safe and secure workplace and protect the environment</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">sustain
      a culture in which ethical conduct is recognized, valued and exemplified
      by us all</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">5
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%" valign="top">
<div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">promptly
        report violations of the Code or non-compliance with applicable laws,
        regulations, or company policies or procedures.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><b>2.</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif"><b> Policy
      details</b></font></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"><B><br>
  A. OUR PRINCIPLES OF BUSINESS CONDUCT</B></font></p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font><font size="2">
<P ALIGN="left"><font face="Arial, Helvetica, sans-serif">2.1. Personal Integrity</font></P>
</font>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We and our
  shareholders, customers and suppliers expect honest and ethical conduct in all
  aspects of our business. Helping the Company meet this commitment is an essential
  part of our job. It&#146;s also a matter of personal integrity. Among other
  things, personal integrity means performing our job fully and competently in
  order to meet the Company&#146;s business needs and ensure customer satisfaction.
  It also means being accountable for our behaviour and supporting the shared
  goal of all of us to uphold the values, principles and standards upon which
  our Company&#146;s reputation rests.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In addition,
  the Officers and the Boards of Directors of each of BCE Inc. and Bell Canada
  support a culture in which ethical business conduct is recognized, valued and
  exemplified. The members of the Boards of Directors, and persons who hold a
  position of Vice-President or above, certify annually that they have reviewed
  and follow the Code and encourage and promote the setting of standards needed
  to ensure that this objective is met each and every day. A copy of these certifications
  can be found at the end of the Code (See Attachments 1A and 1B).</font><font size="2">
  </font><font size="2"><font face="Arial, Helvetica, sans-serif"> </font></font>
  <font size="2" face="Arial, Helvetica, sans-serif"> </font><font face="Arial, Helvetica, sans-serif">
  </font></p>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><FONT SIZE="2">2.2. Our Responsibility</FONT></P>
</font>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Many aspects of our business
    are governed by particular laws, and compliance with such laws is basic to
    ethical conduct. Ethical behaviour, however, goes beyond compliance with the
    law. It involves thinking through the possible impact of our decisions on
    all interested parties &#150; customers, employees and their unions, pensioners,
    the communities in which we live and work, suppliers, alliance partners, investors,
    government and shareholders &#150; even when not required to do so from a
    legal or regulatory point of view.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Although the Code lays
    out the fundamental principles of ethical and legal conduct, it cannot anticipate
    every ethical dilemma or situation we may encounter as we perform our jobs.
    This would be impossible given that the communications industry is evolving
    so rapidly and so unpredictably.</font><font face="Arial, Helvetica, sans-serif">
    </font></p>
</div>
<font face="Arial, Helvetica, sans-serif"> </font><font size="2" face="Arial, Helvetica, sans-serif">Consequently,
we may often find ourselves caught in a situation or facing an ethical problem
not explicitly covered in the Code. In this case, we must rely on our internal
sense of what is right &#150; our moral compass &#150; to guide us in making the
right decision.</font><font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">When faced
  with a difficult or unclear situation, it may help to ask the following questions
  such as:</font> </P>
</font>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">how would
      I feel if, rather than initiating this action, I was on the receiving end?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">how would
      my customer react if he/she knew I was breaking the rules or distorting
      the facts to make a sale?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">if I do
      this, how will I feel afterwards? Would I want my co-workers, friends or
      family to find out?</font></td>
  </tr>
</table>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left">&nbsp;</P>
<P ALIGN="left">&nbsp;</P>
</font>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">6
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left">&nbsp;</P>
</font>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">if my actions
      became public, how would they be reported in the media?</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Ultimately,
  we are all responsible for our individual actions, whether we act according
  to strictly defined rules or according to what we think is appropriate in a
  given situation. Assuming personal responsibility for our actions means we can&#146;t
  blame someone else for our behaviour. Conversely, no one &#150; not even our
  manager &#150; can force us to commit an illegal or unethical act that may damage
  the Company&#146;s reputation, or our own.</font><font face="Arial, Helvetica, sans-serif">
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We have
  a solid reputation for honest and ethical behaviour. We must preserve this reputation
  and integrity at all times. For this reason, any breach of the Code or evidence
  of illegal behaviour will be taken very seriously. Depending on the severity
  of the case, employees who have been found to breach the Code or commit an illegal
  act will face immediate discipline, up to and including dismissal.</font><font face="Arial, Helvetica, sans-serif">
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Personal
  responsibility also means we have a duty to report illegal acts or violations
  of Company rules, regulations or the Code to management. Turning a blind eye
  to wrongdoing &#150; in effect condoning such behaviour &#150; is itself unethical.</font><font face="Arial, Helvetica, sans-serif">
  </font></p>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><FONT SIZE="2">2.3. Business Conduct Help Line</FONT></P>
</font>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">A
        Business Conduct Help Line, managed by the Ethics &amp; Policy Management
        Group (EPMG) and administered by a completely independent third party
        (ClearView Strategic Partners Inc.), has been set up to deal with all
        matters related to ethical behaviour, conflicts of interest or other topics
        covered in this Code</font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        Business Conduct Help Line can also be used to report unethical or illegal
        behaviour such as corporate fraud, or to raise concerns regarding the
        Company&#146;s accounting, internal accounting controls or auditing matters</font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All
        inquiries to the Business Conduct Help Line will be handled on a completely
        anonymous basis, and no employee will be penalized for inquiring about
        apparently unethical behaviour or for obtaining guidance on how to handle
        suspected illegal acts or policy violations. Furthermore, the Company
        will not allow retaliation for reports made in good faith</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left">&nbsp;</P>
</font>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        Business Conduct Help Line can be reached on a 24/7 basis at <b><u>https://www.clearviewconnects.com/home</u></b>
        or by calling <b>1-866-298-2942</b> (toll free). The EPMG can also be
        reached at 310-6600, no area code required, or by sending an email to
        <u>ethics@bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">Other useful
  resources can be found in the Appendices section of this Code under Attachment
  3, &#147;Additional Resources&#148;.</font> </P>
</font>
<div align="left">
  <p><font size="2" face="Arial, Helvetica, sans-serif"> <br>
    </font><font face="Arial, Helvetica, sans-serif"><font size="2">2.4. Complaint
    Procedures for Matters Relating to Accounting, Internal Accounting Controls
    or Audit Matters</font></font></p>
  <p align="justify"><font size="2" face="Arial, Helvetica, sans-serif"> As part
    of the Company&#146;s commitment to the highest standards of corporate governance,
    the Company has established procedures for the receipt, retention and handling
    of complaints and/or concerns<br>
    </font></p>
</div>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left">&nbsp;</P>
</font>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">7
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p><font face="Arial, Helvetica, sans-serif"> </font><font size="2" face="Arial, Helvetica, sans-serif">received,
  directly or indirectly, regarding accounting, internal accounting controls or
  auditing matters (each a &#147;Reportable Activity&#148;). These Reportable
  Activities must be reported promptly to the appropriate channel of communications
  (see below):</font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">any
        concerns or complaints with respect to a Business Unit&#146;s accounting,
        internal accounting controls, or auditing matters.</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">evidence
        of an activity by an employee of any of the Business Units or by any department
        of the Business Units that may constitute:</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#151;</font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif"> corporate
      fraud;</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#151;</font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif"> violation
      of federal or provincial laws; or</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#151;</font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif"> misappropriation
      of any Business Unit&#146;s property</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">where deemed
      material by the Chief Legal Officer</font></td>
  </tr>
</table>
<p align="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">A Reportable
  Activity could generally be reported to the employee&#146;s immediate manager.
  However, if such reporting is either inappropriate, does not provide the necessary
  level of confidentiality or as the employee otherwise prefers, the Reportable
  Activity should be reported to the Chief Legal Officer (or equivalent position)
  of the relevant Business Unit or directly to the BCE Chief Legal Officer.</FONT>
</p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Employees
  can also access a web based tool at: <U>http://www.bce.ca/en/complaint/</U>
  to report a Reportable Activity on a completely anonymous basis. Alternatively,
  the Business Conduct Help Line may be reached on an anonymous 24/7basis at www.clearviewconnects.com
  or by calling 1-866-298-2942 (toll free).</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Any submission
  made by an employee of the Company regarding a Reportable Activity shall be
  treated on a confidential basis. The employee&#146;s identity shall be treated
  anonymously and confidentially, unless specifically permitted to be disclosed
  by the employee, or unless required by law. Anonymous and confidential submissions
  shall only be disclosed to those persons who have a need to know in order to
  properly carry out an investigation of the Reportable Activity, in accordance
  with the procedures on handling Reportable Activities.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Any employee
  who in good faith reports a Reportable Activity will be protected from threats
  of retaliation, discharge or other types of discrimination, including but not
  limited to, lower compensation or inferior terms and conditions of employment
  that are directly related to the disclosure of such Reportable Activity.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">For more information,
  please see the Complaint Procedures for Accounting and Auditing Matters at:<u>
  http://portmid.bellnet.bell.ca/pls/portal/docs/1/76541.pdf</u></FONT></P>
<p>&nbsp;</p>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">8
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<p><B><font size="2" face="Arial, Helvetica, sans-serif">B. COMPLIANCE WITH THE
  CODE</font></B></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We are all
  individually responsible for knowing, understanding and complying with the Code.
  Individual responsibility doesn&#146;t mean, however, that we are expected to
  face troublesome ethical or legal questions on our own. Our colleagues and managers
  are there to help us, and the Company has a number of available resources to
  guide us through difficult situations.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All of us
  must uphold the Company&#146;s high standards of ethical and professional conduct.
  Instilling trust, honesty and integrity into our work environment is a collective
  and continuing responsibility. After all, our success has always depended on
  the committed, combined efforts of us all. Protecting and enhancing the Company&#146;s
  reputation requires no less of a shared commitment.</font><br>
  <font face="Arial, Helvetica, sans-serif"> </font></p>
<font face="Arial, Helvetica, sans-serif">
<P ALIGN="left"><FONT SIZE="2">2.5. Employees&#146; Responsibilities</FONT></P>
</font>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We
        are all required to comply with the Code and follow all Company policies
        and procedures. Breaching the Code or violating Company policy and procedure
        is serious and will result in disciplinary action, up to and including
        dismissal. It may also result in civil or criminal prosecution</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">In addition,
      we must:</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">perform
      our jobs and conduct our business affairs ethically, legally and with the
      utmost integrity</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">seek advice
      or help when faced with a difficult ethical situation</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">report
      any violation</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.6. Managers&#146; Responsibilities</FONT></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In
        addition to their responsibilities as employees, Managers and Officers
        have a special duty to uphold the Company&#146;s reputation for integrity,
        honesty and ethical conduct. This means:</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">setting
        an example by complying with the Code at all times, even when doing so
        may seem difficult, time-consuming or inexpedient</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;<b></b></font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">ensuring
        that all employees have access to the online Code document or a paper
        copy if required, and that they know, understand and comply with its provisions</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td><font size="2" face="Arial, Helvetica, sans-serif">ensuring that all employees
      review this Code annually and comply with the annual review process outlined
      below</font></td>
  </tr>
  <tr>
    <td align="center" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">compliance
        with BCE Security Policy 6.1 &#150; Security in Job Definition and Resourcing
        and the associated practices, procedures and standards including Personnel
        Screening</font></div></td>
  </tr>
  <tr>
    <td colspan="2"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"></font></p>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><BR>
  </font> </P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">9
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2" align="center" valign="top"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">creating
      and maintaining a work environment that encourages ethical behaviour</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">fostering
        an environment of open communication in which problems may be raised and
        discussed without fear of reprisal</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">immediately
        reporting, to the appropriate person or department, any apparent violation
        of the Code or breach of Company policy</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">taking
      prompt and decisive disciplinary action when it has been proven that the
      Code has been violated</font></td>
  </tr>
  <tr>
    <td colspan="2" align="center" valign="top"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.7. Penalties for Violation</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All of us
  are expected to follow the Company&#146;s policies. In addition, we must follow
  policies set by individual departments or business units which may supplement
  or complement Company-wide policies. Failure to uphold both the letter and the
  spirit of these policies will lead to disciplinary action, up to and including
  dismissal.</font></p>
<p><font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font> <font size="2" face="Arial, Helvetica, sans-serif">Disciplinary
  action will be taken should an employee, for example:</font> </p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">violate
      a Company policy or disregard proper procedures</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">ask others
      to violate Company policy</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">deliberately
      fail to report a violation, fail to report a violation promptly or withhold
      relevant information concerning a violation</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">fail to
      cooperate in the investigation of a known or suspected violation</font></td>
  </tr>
  <tr>
    <td width="5%" align="center">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">take action
      against an employee who reports a policy violation.</font></td>
  </tr>
</table>
<p><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>C. CONFLICTS OF INTEREST</B></FONT></p>
<font face="Arial, Helvetica, sans-serif"><font size="2">
<P ALIGN="left">2.8. Conflicts of Interest</P>
</font></font>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We owe our
  first business allegiance to the Company. This means placing the Company&#146;s
  interests &#150; including those of its customers and shareholders &#150; before
  our personal interests.</font></p>
<div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">A conflict
  arises whenever we allow, or appear to be allowing, personal interests or relationships
  to impair our judgment and ability to make decisions with integrity and honesty.
  By thinking of ourselves first, we may act in a way that is damaging, or potentially
  damaging, to the Company. We may also harm our personal reputation.<BR>
  </font> </div>
<p><font size="2" face="Arial, Helvetica, sans-serif">Even if we do nothing wrong,
  our actions may sometimes appear to put us in a conflict of interest. This may
  be just as damaging as a real conflict.<BR>
  </font> <font size="2" face="Arial, Helvetica, sans-serif"><BR>
  Every employee holds a position of trust. With trust comes responsibility. It's
  up to each of us to avoid situations that may lead to an actual or potential
  conflict of interest. We must not use our position to </font></p>
<p>&nbsp;</p>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"> </font> </P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">10
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<p><font size="2" face="Arial, Helvetica, sans-serif">influence or bypass Company
  procedures for personal gain nor for the benefit of our family, friends, colleagues
  or anyone else.</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Sometimes
  it&#146;s not easy to tell if a situation may lead to a conflict of interest.
  If you find yourself in this position, ask yourself the following questions:</font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">am I following
      proper Company procedures?</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">do I stand
      to potentially gain personally from my actions?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">can
        my actions potentially result in a financial or other advantage for myself,
        a near relative (which would include, but is not limited to, a spouse,
        sibling, parent, child, or in-law) or friend?</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">am I uncomfortable
      discussing this with my manager or fellow employees?</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">would I
      act differently if a friend or near relative weren&#146;t involved?</font>
    </td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">If you ever
  have any doubts about a possible conflict, raise the matter with your manager
  or call the Business Conduct Help Line at <b><u>https://www.clearviewconnects.com/home</u></b>
  or by calling <b>1-866-298-2942</b> (toll free).</font> </p>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><B>Conflicts
  of interest are a serious matter &#150; obtain the guidance you need</B>.</font>
</P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">Where a
  possible conflict of interest has been identified employees <b>must</b> complete
  form BC3684A &#151; &#147;Disclosure of a Conflict of Interest or Potential
  Conflict of Interest&#148; and provide a copy signed by his/her manager to the
  Ethics &amp; Policy Management Group (see Attachment 2A).</font> </P>
<p><font size="2" face="Arial, Helvetica, sans-serif"> </font><font size="2" face="Arial, Helvetica, sans-serif"><BR>
  2.9. Conflicts of Interest Guidelines for Officers and Vice-Presidents</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In addition
  to the conflict of interest guidelines and procedures noted above, in respect
  to all persons who are Officers or Vice-Presidents (&#147;Executives&#148;),
  a conflict of interest may also arise:</font></p>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">when
        there is an outside interest which materially encroaches on time or attention
        which should be devoted to the company&#146;s affairs or so affects the
        Executive&#146;s energies as to prevent him/her from devoting their full
        abilities to the performance of their duties,</font></div></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">where
        an Executive or any of his/her near relatives has a direct or indirect
        interest in or relationship with any outsider, such as a supplier (whether
        of goods or services), customer, agent or competitor of the Company or
        its subsidiary and associated corporations, or with a person in a position
        to influence the actions of an outsider, which is inherently unethical
        or which might be implied or construed to:</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%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="80%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">give
        rise to a possible personal gain or favour to the Executive involved,
        or any of his/her near relatives, due to the Executive&#146;s actual or
        potential power to influence dealings between the Company and the outsider,</font>
      </div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="80%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">render
        the Executive partial toward the outsider for personal reasons, or otherwise
        inhibit the impartiality of the Executive&#146;s business judgement or
        his/her desire to serve only the Company&#146;s best interests in the
        performance of his/her functions as an Executive,</font> </div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif"> </font>
</p>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">11
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp; </P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif"> </FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="80%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">place
        the Executive or the Company in an equivocal, embarrassing or ethically
        questionable position in the eyes of the public or any external monitoring
        body, or</font></div></td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">reflect
      unfavourably on the integrity of the Executive or the Company,</font> </td>
  </tr>
  <tr>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">where
        an Executive or any of his/her near relatives makes use of any non-public
        information, such as information of a confidential, proprietary, inside,
        privileged or government classified nature or customer information, entrusted
        to or obtained by the Executive in the conduct of Company business to
        benefit himself/herself or any of his/her near relatives, by selling or
        making available such information to interests outside the Company, or
        uses the information in any other manner to further his/her interest(s),
        or the interest(s) of any of his/her near relatives; and/or</font> </div></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">where
        an Executive or any of his/her near relatives has any direct or indirect
        interest or relationship which is actually or potentially harmful or detrimental
        to the Company&#146;s best interests.</font></div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Officers
  and Vice-Presidents <b>are required</b> to disclose any actual or potential
  conflicts of interest by providing written notice to David Wolinsky, Assistant
  General Counsel, Ethics &amp; Policy Management Group at <u>david.wolinsky@bell.ca</u>
  or at <u>ethics@bell.ca</u>. The EPMG is responsible for administering the Code
  of Business Conduct and the Conflict of Interest Guidelines. If the EPMG is
  unable to resolve an existing or potential conflict of interest with the person
  involved, the matter will be discussed with the Corporate Secretary and/or the
  Chief Legal Officer.<br>
  </font></p>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>2.10. Loans,
  Gifts and Entertainment</B></FONT></P>
<div align="left"><font size="2" face="Arial, Helvetica, sans-serif"><I>2.11.
  Loans</I></font></div>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We should
  not accept, whether directly or indirectly, any loan or guarantee of obligations
  from the Company that are for our personal benefit.</font></p>
<p><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>2.12. Gifts</I></FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We cannot
  accept gifts, gratuities, or entertainment from suppliers, except within limited
  situations. Problems arise because gifts, gratuities and entertainment may compromise
  &#150; or appear to compromise &#150; your ability to make fair, objective,
  business decisions.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Offering
  or receiving any gift, gratuity, or entertainment might be perceived to unfairly
  influence a business interaction and involves you in a real or potential conflict
  of interest situation.</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For this
  reason we must not accept gifts and gratuities from suppliers or potential suppliers,
  except for unsolicited hospitality, gifts or mementos of nominal value that
  are customary and business related. It is always a good idea to review the circumstances
  with your manager to see if he or she agrees that the situation falls within
  this exception.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All other
  gifts must be politely returned with a note explaining the Company&#146;s policy.</font>
</p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Accepting
  gifts having a monetary value are always prohibited &#150; for example, gift
  certificates, cash, services, discounts or loans.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Code
  does not change during traditional gift giving seasons and applies equally to
  all of us. We recognize that building relationships with customers and suppliers
  is an integral part of doing business.</font></p>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">12
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Therefore,
  offering and accepting reasonable hospitality may be appropriate in certain
  cases. You should consult your manager or call the Business Conduct Help Line
  when in doubt about the appropriateness of a particular situation.</font></p>
<p align="justify"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>2.13.
  Entertainment</I></FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Unsolicited
  business entertainment should be appropriate for the function or services you
  perform for the Company and clearly intended to facilitate business goals. If
  for example, tickets to a sporting or cultural event are offered, then the person
  offering the tickets must plan to attend the event as well.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">As a general
  guideline, business entertainment in the form of meals is acceptable, as long
  as it is modest, infrequent, and as far as possible on a reciprocal basis. If
  you know that the Company would not equally reciprocate then decline the offer.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif"> General
  Guidelines: </font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><b>We
      should not:</b></font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Solicit
        or encourage gifts, hospitality, entertainment or any other thing for
        personal use; however solicitation of modest gifts or prizes for Company
        sponsored events which provide clear benefits to the sponsor and/or charitable
        organization is permitted upon approval by your manager</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Accept
        any gifts, entertainment or any other thing from suppliers that would
        appear to influence your judgment or create an appearance of a conflict
        of interest</font></div></td>
  </tr>
  <tr>
    <td colspan="2"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<br>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><b>We
      are allowed to:</b></font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Sponsor
        events/activities for customers or potential customers where the purpose
        is to strengthen business relationships; however it is your responsibility
        to know and be sensitive to the customer&#146;s own code of conduct on
        these issues</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">Accept
      unsolicited, nominal value hospitality, gifts or mementos that are customary
      or business related</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">There can
  be no &#147;hard and fast&#148; rules as to what is appropriate in every situation;
  some factors which you and your manager should consider in assessing the proper
  course of action include:</FONT> </p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">is the
      Company potentially involved in a major procurement activity with the company
      offering the gift or entertainment?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">would
        the gift or entertainment be considered appropriate or customary, taking
        into account the nature of the function or services you perform for the
        Company?</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">would it
      be perceived as insulting or damaging to the business relationship to return
      the gift or decline the hospitality?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">can the
      gift or hospitality be applied to benefit all team members rather than certain
      individuals?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">would the
      Company, under similar circumstances, offer a similar gift or hospitality?</font>
    </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">would you
      feel uncomfortable or embarrassed if the situation were to be reported in
      the media?</font></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">13
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<font face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.14. Family
  and Personal Relationships</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Each of us has a variety
    of personal relationships involving family and friends &#150; relationships
    that we keep separate from our work. Sometimes, our work and personal lives
    intersect, and we may find ourselves considering a business relationship with
    a near relative, partner or close friend.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">We must disclose this
    relationship if it compromises, or threatens to compromise, our ability to
    act in the Company&#146;s best interest. Speak to your manager or contact
    the Business Conduct Help Line for further guidance. We should also be aware
    that bridging our personal and business lives may cause our competitors or
    suppliers &#150; as well as colleagues within the Company &#150; to believe
    we are in a conflict of interest.</font></p>
</div>
<p><font face="Arial, Helvetica, sans-serif"> </font><font size="2" face="Arial, Helvetica, sans-serif">To
  avoid a conflict, or prevent a situation from developing into a conflict, we
  must inform our manager if, for example:</font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">we are
      considering hiring a near relative or friend</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a near
      relative or close personal friend works for a supplier or competitor</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">a
        near relative or person with whom we have a close relationship is an executive
        or major shareholder in a competing company.</font></div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">With the
  growth of new companies in the communications industry, we may also find ourselves
  in a close relationship (near relative or friend) with someone who works for
  a competitor.</font><font face="Arial, Helvetica, sans-serif"> </font></p>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">If we and the other person
    held jobs which exposed us to a significant risk of a conflict of interest,
    one of us would be required to leave our position and transfer to another
    position within the Company. If transferring were not possible, we would have
    to explore alternative solutions with Human Resources. Should no alternative
    be found, one of us might be required to leave our Company. Whatever the solution,
    the situation would have to be resolved so as to eliminate the potential for
    a conflict of interest.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">If you find yourself in
    a close relationship with someone who works for a competitor, consider the
    following:</font><font face="Arial, Helvetica, sans-serif"> </font></p>
</div>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">what is
      the relationship between the Company and the competitor?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">what are
      your responsibilities as an employee and those of the person you are close
      to at the Company&#146;s competitor?</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">do you
      have access to confidential information?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">does the
      person you are close to have access to confidential information?</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">If, after
  asking yourself these questions, you are concerned that you may be in a conflict
  of interest, speak to your manager who may ask you to complete form BC3684A,
  &#147;Disclosure of a Conflict of Interest or Potential Conflict of Interest.&#148;
  This form <b>MUST</b> be signed by you and your manager and sent to the EPMG.
  For instructions please call the Business Conduct Help Line, which can be reached
  on a 24/7basis at <b><u>https://www.clearviewconnects.com/home</u></b> or by
  calling <b>1-866-298-2942</b> (toll free).</font><font face="Arial, Helvetica, sans-serif">
  </font></p>
<P ALIGN="left">&nbsp;</P>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">14
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>My
        partner has just become an executive sales manager for a company that
        services the computers in my department. Do I need </b> <b>to tell anyone
        about this?</b></font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Yes.
        Someone could claim that Bell is giving your partner business because
        you are a Bell employee. You should notify your manager and make sure
        you are not involved in any decisions regarding your partner&#146;s company.
        This relationship should be noted in form BC3684A, &#147;Disclosure of
        a Conflict of Interest or Potential Conflict of Interest.&#148;</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left"> <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.15. Supplier-Funded
  Incentive Programs</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Supplier-funded incentive
    programs, often offered to sales employees by suppliers seeking to sell their
    products, may only be arranged through an authorized program administrator
    who does not work with the eligible employees.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">It&#146;s up to the program
    administrator to ensure there is no conflict between the Company&#146;s marketing
    strategy and the supplier&#146;s incentive program.</font></p>
</div>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"><b> </b>For
      further information, see GC 206.8 (&#147;Incentive and Award Programs&#148;).</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.16. Outside
  Employment, Corporate Opportunities and Other Activities</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">We all have a right to
    do what we want during our non-working hours. This could include holding another
    job in which we use the skills and experience acquired through our work at
    the Company. However, we must ensure that our outside employment or other
    activities do not conflict, or appear to conflict, with the Company&#146;s
    business or with our ability to fulfill our duties as employees.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Therefore: </font> <font face="Arial, Helvetica, sans-serif">
    </font></p>
</div>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">you may
      not work for an organization that competes with the Company</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">you
        may not start up a business that plans to offer products and services
        that compete for business with those offered by the Company</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">you
        may not sell or promote a third party&#146;s line of products and services
        if these products and services compete for business with those offered
        by the Company</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">you
        may not use the Company equipment, time, materials and facilities in paid
        or unpaid work for other organizations, unless specifically authorized
        by management (for example, to support a charitable community project)</font>
      </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">you
        may not accept outside employment or engage in any activity if that employment
        or activity will prevent us from performing our jobs at the Company fully
        and competently</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">unless
        specifically authorized by the appropriate department responsible for
        government relations, you may not contribute to, or support, any political
        group or political activity on behalf of the Company.</font> </div></td>
  </tr>
</table>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif"> To avoid a
  conflict of interest, or even the appearance of such a conflict, you should
  discuss any planned outside business activities with your manager.</font></P>
<P ALIGN="left">&nbsp;</P>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">15
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif"><b>I
        am a Bell technician who installs circuitry for small and medium-sized
        business customers. With the growth of the </b> <b>Internet and other
        communications services, demand for my expertise is booming. Can I take
        advantage of this opportunity </b> <b>and start up an installation business
        on my own time?</b></font></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">No.
        You cannot engage in any outside activity that might take business away
        from Bell or any of its subsidiaries. Furthermore, as an employee, you
        are expected to contribute your energy and ideas to your job as an installer
        for Bell</font></font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left"><font face="Arial, Helvetica, sans-serif"><br>
  <FONT SIZE="2"><B>D. IMPROPER INFLUENCE ON THE CONDUCT OF AUDITS</B></FONT></font></P>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">2.17. Improper
  Influence on the Conduct of Audits</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">Employees
  are prohibited from coercing, manipulating, misleading or fraudulently influencing
  the Company&#146;s internal or outside auditors when the employee knows or should
  know that his/her action, if successful, could result in rendering the Company&#146;s
  financial statements misleading in any way.</font></P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<div align="left"></div>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>E. INSIDER
  TRADING</B></FONT></P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">2.18. Rules
  Concerning Insider Trading</font></P>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Securities
  legislation imposes restrictions with respect to the purchase and sale of shares
  and other securities, as well as &#147;tipping&#148;, when a person has knowledge
  of information not yet known to the public and which generally could affect
  the market price of the securities of a given company. Securities of a company
  include, for example, equity securities such as common and preferred shares,
  debt securities such as debentures and notes, and puts, calls and options.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif"><B>It is
  illegal for you to buy or sell</B> <B>securities of BCE Inc., its subsidiaries
  and associated companies or any other company that is a public company, with
  knowledge of undisclosed material information obtained in the course of your
  employment, or &#147;tip&#148; others concerning such information</B>. In particular,
  you should be careful to avoid inadvertently disclosing confidential information
  to spouses, family members and others who live in your households or to business
  partners, friends and others as this could be considered &#147;tipping&#148;.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif"><B>Directors,
  Officers and Vice-Presidents of BCE Inc. and Bell Canada should consult the
  Companies&#146; &#147;Insider Trading and Reporting Guidelines for Directors
  and Officers&#148; for additional information. A copy of these guidelines can
  be obtained from the Office of the Corporate Secretary.<br>
  </B></FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.19. Material
  Information</FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Undisclosed
  material information refers to information that, if disclosed, could affect
  the market price of a company&#146;s securities or is likely to be considered
  important by investors in determining whether to buy, sell or otherwise trade
  in such securities. For instance, such information could be used by investors
  to buy, sell </FONT></P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">16
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">or otherwise
  trade in BCE Inc. shares, as well as the securities of third parties with which
  the Company has dealings, to the unfair disadvantage of others.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>Examples
  of Material Information</I></FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Examples
  of material information include (note that this list is not exhaustive and may
  include other types of information which may be material at any particular time
  depending upon the circumstances):</FONT> </P>
<p><font size="2" face="Arial, Helvetica, sans-serif"><em>Corporate Structure
  and Acquisitions & Dispositions</em></font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">company
      restructuring plans</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">proposals,
        negotiations or agreements for acquisitions of other companies (including
        the possibility of a takeover bid for or merger with another company)
        and dispositions of existing investments</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">changes
      in share ownership that may affect control of the company</font></td>
  </tr>
</table>
<p><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>Capital Structure</I></FONT></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">the possibility
      of a public offering of securities, stock splits or private sales of securities
      </font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a change,
      or proposed or planned change, in dividend rates or dividend policy</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a planned
      or possible repurchase of securities</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">the possible
      initiation of a proxy fight</font> </td>
  </tr>
</table>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>Financial
  Results</I></FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">actual
        or proposed capital expenditures which vary substantially from the levels
        projected in the Company&#146;s latest report to shareholders</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">annual
      and quarterly financial results</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">internal
      financial projections which vary from publicly stated financial projections,
      if any</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a significant
      contingent liability</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">significant
        shifts in operating or financial circumstances, such as: cash-flow reductions,
        major write-offs, work-force adjustments; or the proposed shutdown of
        any significant service facility</font></div></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"> <em>Business
  and Operations</em></font></P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">business
      plans</font></font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">senior
      management changes</font></font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">significant
      litigation or litigation development, including disputes with customers,
      suppliers or contractors</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">new products
      and services </font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">sales results</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">research
      and development of new technology</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">confidential
      information provided by third parties</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">significant
      new contracts or changes in existing contractual relationships or loss of
      business</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a government
      investigation</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">negotiations
      with unions</font> </td>
  </tr>
</table>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><I>Credit Arrangements</I></FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="5%"><div align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></div></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">a default
      or expected default under a loan agreement, indenture or significant contract</font></td>
  </tr>
  <tr>
    <td width="5%"><div align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
        </font></div></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">changes
      in rating agency decisions</font></td>
  </tr>
  <tr>
    <td width="5%"><div align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
        </font></div></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">borrowing
      a significant amount of funds</font> </td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">17
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" align="left" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>I
        overheard a conversation between two other Bell employees regarding Bell&#146;s
        plans to acquire a minority stake in a company </b> <b>that develops communications
        software. Can I buy shares in the software company or suggest to my spouse
        that she do so?</b></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">No.
        Although you found out about Bell&#146;s planned acquisition by accident,
        you are prohibited by law from buying shares because the information is
        material and non-public. You cannot suggest to your spouse that he or
        she buy shares because you would be in possession of material confidential
        information. The making of a suggestion to purchase shares while in possession
        of such confidential information would be considered tantamount to divulging
        that confidential information to someone outside the Company for personal
        gain or the gain of someone else. You and your spouse will only be able
        to buy shares when Bell&#146;s stake in the software company becomes public
        knowledge through an official public announcement by Bell or the software
        company.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B><br>
  </B>2.20. Trading and Tipping</FONT></P>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Because
  of the severity of the penalties provided by law that may be imposed against
  you personally, as well as the potential for damage to the Company&#146;s good
  name, as a result of unlawful trading and tipping, circumspect behaviour (i.e.
  being mindful of all circumstances and possible consequences) is highly important.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">In the course
  of business operations, you may become aware of undisclosed material information
  about BCE/Bell or any other company. Until you are certain that this information
  has been officially disclosed (see below), you are prohibited from:</FONT> </P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">trading
      in securities of any company to which the information relates; or</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">disclosing
        such information (otherwise than in the necessary course of business and
        on a confidential basis) to another person &#150; a &#147;tippee&#148;
        &#150; regardless of whether the tippee is related to you or a friend
        of yours or is an entity (a trust, for example) in which you or your friends
        or family have an interest. <b>Note that trading or tipping by the tippee
        is also illegal</b>.</font> </div></td>
  </tr>
</table>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">If undisclosed
  material information exists at the time you trade and subsequent disclosure
  of that information affects the security&#146;s price, you may have to face
  the difficult task of proving you were not aware of the information. In the
  case of trading by a family member, or other persons close to you, you may have
  to prove that you did not disclose such information &#150; a very difficult
  burden of proof!</FONT></P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">If you were
  in possession of undisclosed material information at the time you or other persons
  close to you traded, the fact that such trade was based on factors other than
  undisclosed material information, or that you considered yourself under duty
  (as a trustee, for example) to trade or disclose information, will not absolve
  you from liability, even in the absence of intent to defraud or to take unfair
  advantage.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Assuming
  you are not otherwise aware of undisclosed material information, the <B>recommended
  time to purchase or sell BCE securities is during the period beginning on the
  third business day following the official release by BCE of its annual or quarterly
  earnings press release and ending on the thirtieth calendar day following such
  release (sometimes called the &#147;Window Period&#148;)</B>. This will help
  minimize the risk of an unintentional violation of these prohibitions, and the
  appearance of a violation (intentional or not). Such earnings press releases
  are generally issued on the fifth Wednesday following the end of a quarter.
  For example, in 2006, the Window Periods will be:</FONT> </P>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">18
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">February
      4 &#150; March 2</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> May 8
      &#150; June 1</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">August
      7 &#150; August 31</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> November
      6 &#150; November 30</font> </td>
  </tr>
</table>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">All employees
  are required to keep accurate records of their securities transactions and may
  be asked to report to BCE or Bell Canada their holdings and investment transactions.</FONT>
</P>
<div align="left"><font size="2" face="Arial, Helvetica, sans-serif"> </font><font face="Arial, Helvetica, sans-serif">
  </font></div>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.21. Short
  Sales, Calls and Puts</FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">As an employee
  of the Company, you may not engage in the following activities with respect
  to BCE&#146;s securities or the securities of any of its affiliates (such as
  Bell Canada or Aliant Inc.): (a) short sale; (b) sale of a call option and (c)
  purchase a put option.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">&#147;Short
  selling&#148; means selling shares you do not currently own and borrowing a
  third party&#146;s shares in order to make delivery, the whole in expectation
  that the shares will decrease in value when you will buy back the shares and
  return them to the owner. Such process is subject to undue speculation and abuse
  and is therefore prohibited.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Puts and
  calls are also subject to the same abuse and therefore similar restrictions
  also apply to the sales of call options and purchases of put options in respect
  of securities of BCE Inc. and its affiliates. For the purposes hereof, a &#147;call&#148;
  can be defined as an option to demand delivery of a specified number or amount
  of securities at a fixed price within a specified time but does not include
  an option or right to acquire securities of BCE Inc. or its affiliates where
  such were granted by BCE Inc., Bell Canada or their affiliates (such as pursuant
  to BCE Inc.&#145;s Long-Term Incentive (stock option) Programs). A &#147;put&#148;
  can be defined as an option to deliver a specified number or amount of securities
  at a fixed price within a specified time.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">In summary,
  you cannot sell short securities of BCE Inc. or its affiliates, and you may
  not sell call options or buy put options over the same securities. You must
  exercise great caution in your trading in order to avoid inadvertent breaches
  of these restrictions.</FONT><font size="2" face="Arial, Helvetica, sans-serif"><br>
  </font> </P>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>F. PUBLIC
  DISCLOSURE OF MATERIAL INFORMATION</B></FONT> </P>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Only authorized
  Officers of BCE or Bell can decide the timing and content of public disclosures
  regarding BCE and Bell.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Examples of
  official disclosures include public filings with securities regulatory authorities,
  or issuance of BCE or Bell news releases.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">The information
  is deemed public when official announcements have been publicized and the public
  has had the opportunity to evaluate the information. Even after the Company
  has officially released material information, it is important to be sure that
  sufficient time has elapsed to enable the information to be disseminated to,
  and considered by, investors. As a rule of thumb, a period of three business
  days is considered sufficient for this purpose. An employee must not attempt
  to &#147;beat the market&#148; by trading simultaneously with, or shortly after,
  the official release of public information.</FONT> </P>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">19
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="justify">&nbsp;</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.22. Disclosure
  Policy</FONT></P>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">If you are
  not an authorized spokesperson, you must not respond under any circumstances
  (including on a &#147;no-name basis&#148; or &#147;off the record&#148; basis)
  to inquiries from, or voluntarily provide information to, the investment community
  or the media, unless specifically asked to do so by an authorized spokesperson.
  Any inquiries need to be immediately referred to either BCE&#146;s/Bell Canada&#146;s
  Communications Department or BCE&#146;s/Bell Canada&#146;s Investor Relations
  Department. Please refer to the BCE Inc. and Bell Canada Disclosure Policy for
  a list of authorized spokespersons. In summary, only certain Officers of BCE
  and Bell Canada, and certain members of BCE&#146;s and Bell Canada&#146;s Investors
  Relations and Communications Departments, are authorized spokespersons.</FONT>
</P>
<p><font size="2" face="Arial, Helvetica, sans-serif">For further information,
  read the BCE Inc. and Bell Canada Disclosure Policy at<br>
  <B>http://connexions.bell.ca/cx/pub/strategicinfo/policies/1806_disclosure_e.pdf</B></font></p>
<p><br>
  <B><font size="2" face="Arial, Helvetica, sans-serif">G. CONFIDENTIALITY</font></B></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We should
  maintain the confidentiality of information entrusted to us by the Company or
  its customers, except when disclosure is authorized or legally mandated. We
  should consider all non-public information to be confidential. Even seemingly
  mundane information might be of use to competitors, or harmful to the Company
  or its customers, if disclosed.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  not disclose confidential information acquired through our jobs to anyone outside
  the Company, whether it concerns our customers, other employees or the Company
  as a whole. In addition, we must not share such information with fellow employees,
  unless they have a legitimate need to know.</font> </p>
<p><font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font><font size="2" face="Arial, Helvetica, sans-serif">
  For more information on Classification of information, please refer to the Policy
  on Information Classification at: <br>
  http://security.intranet.bell.ca/polframe/docs/policy-5.2.html</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Employees
        should be aware of the growing trend of Identity Theft, which involves
        stealing the identity of another person &#150; or in some cases businesses
        &#150; as a means to commit other crimes. It is vital to protect the confidentiality
        of our customers&#146; information. Its intentional or unintentional disclosure
        could be used for the financial gain of another at the unbeknownst expense
        of our customers.</font> </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Recording,
        releasing or disclosing private customer information for personal gain
        or the benefit of another will result in immediate discipline up to and
        including termination, and may include criminal charges.</font> </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">Should
      further assistance be required, please consult the Corporate Security website
      at: <u>http://security.intranet.bell.ca</u></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font face="Arial, Helvetica, sans-serif"> </font><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.23. Customer Privacy</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company
  has long been committed to maintaining the accuracy, confidentiality, security
  and privacy of customer and employee information. This is reflected in existing
  privacy and confidentiality provisions found in various Company policies and
  guidelines. (Employee privacy is discussed below).</font></p>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp; </p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">20
        of 51</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"></font></p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif"> In doing
  business, we acquire and create a variety of information about our residential
  and business customers. We collect this information only for lawful purposes
  related to the provisioning of services and products by the Company, and may
  use the information only for the purposes for which it was collected and that
  the customer would reasonably expect. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">This customer information
  includes, for example: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> name,
      address and telephone number; and</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> information
      relating to the customer&#146;s credit, billing, service, equipment and registered
      complaints; and</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">traffic
      data, including IP addresses visited and call detail information.</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif"> Where the
  customer is an identifiable individual, we are required to comply with the <em>Personal
  Information Protection and Electronic Documents Act</em>, a federal law that
  requires us to identify the purposes for which we collect personal information
  and obtain the consent of our customers before collecting, using or disclosing
  this information. Personal information means any information about an identifiable
  individual. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Among other
  things, this law also requires us to provide customers with access to all personal
  information about them that we may hold, subject only to certain narrow exceptions.
  Moreover, we must provide such access within 30 days of a customer request.
  This includes a right of access to records such as customer care logs and notes.
  Accordingly, we should avoid non-factual entries or inappropriate language or
  comments. In creating such records, employees should keep in mind that the records
  might later be read by the customer in question. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In addition
  to these legislative restrictions, Bell Canada (including Bell Sympatico, Bell
  West, Group Telecom) and Bell Mobility are also subject to a CRTC restriction
  on the disclosure of confidential customer information. This restriction applies
  to all telecommunications services, whether tariffed or forborne, and all customers,
  whether they are individuals, corporations, or other business entities. </font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">With
        the exception of listed name, address and telephone number, all information
        kept by the Company about its residential and business customers is confidential
        and cannot be divulged or used, directly or indirectly, except for business
        purposes.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Unless a
  customer provides explicit consent, or the Company is required to do so by law,
  the Company may not disclose a customer&#146;s confidential personal and business
  information to anyone other than: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">the customer</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">a
        person whom the Company reasonably believes is acting on behalf of the
        customer (for example, the executor of a customer&#146;s estate)</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">another
        telephone company, for the purpose of providing the customer with efficient
        and cost-effective telephone service, where the information is required
        only for that purpose and will be kept confidential (for example, the
        exchange of call detail information for the settlement of interprovincial
        toll calls)</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        a company, for the purpose of supplying the customer with telephone or
        telephone-directory related services, where the information is required
        only for that purpose and will be kept confidential (for example, a firm
        retained by the Company to do telephone installation on its behalf)</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">21
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">an
        agent retained by the Company to evaluate the customer&#146;s creditworthiness
        or to collect the customer&#146; account, where the information is required
        for and will be used only for that purpose; and</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">a
        public authority, if there is imminent danger to life or property which
        could be avoided or minimized by disclosure of the information.</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">It is important to note
  that the Company&#146;s liability for damages for improper disclosure of confidential
  information may be unlimited.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">For further
      information, see GC 101.21 (&#147;Confidentiality of Customer Records&#148;)</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr valign="top">
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%" valign="top"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        content of a customer&#146;s transmissions (including telephone and email)
        may not be monitored, nor may the content, nature and existence of telephone
        calls and data transmissions be released to third parties except as explicitly
        authorized by law.</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%" valign="top">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%" valign="top"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Communications
        between the Company and a customer may be monitored for quality assurance
        purposes, with an appropriate advisory to the customer.</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%" valign="top">&nbsp;</td>
  </tr>
  <tr valign="top">
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        unlawful interception of a private communication is a criminal offence.
        An employee may intercept a private communication only when such interception
        is necessary for the purpose of providing the service, to perform quality
        control checks in the course of service monitoring, to protect the company&#146;s
        rights or property or when authorized by law. (Ref. Criminal Code of Canada
        section 184.(1), (2))</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">Maintaining customer privacy
  is also crucial when dealing with contracts, proposals and quotations. We must
  be vigilant in ensuring that: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        do not share customer information &#150; such as business plans, names
        of telecom representatives or information of a sensitive nature &#150;
        with other employees servicing a similar market segment (for example,
        the banking industry). By doing so, we may inadvertently divulge information
        about a customer to that customer&#146;s competitor.</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">unless
        a customer provides explicit consent, we do not share information about
        customers with other affiliates or partners, agents or subsidiaries of
        our group, except with those affiliate or partners or agents or subsidiaries
        of a group, who are directly involved in the specific contract, proposals
        or quotations.</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.24. The Bell Customer
  Privacy Policy and the Bell Code of Fair Information Practices </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">To ensure
  our commitment to privacy is upheld, we have updated our existing policies and
  developed a formal privacy code. <em>The Bell Customer Privacy Policy</em> and
  the <em>Bell Code of Fair Information Practices</em> policies spell out the
  commitments of Bell, its employees and agents and the rights of customers regarding
  personal information. They also reflect the rights and obligations set out in
  the <em>Personal Information Protection</em> and <em>Electronic Documents Act</em>.
  Employees are responsible to uphold these policies and practice and will be
  held accountable. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">As stated in these documents,
  the Company collects personal information only for the following purposes: </font></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">22
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to establish
      and maintain responsible commercial relations and provide ongoing service
      </font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to understand
      customer needs and eligibility for products and services</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to recommend
      particular products and services to meet customer needs</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to develop,
      enhance, market or provide products and services</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to manage
      and develop Bell&#146;s business and operations, including personnel and
      employment matters and</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to meet
      legal and regulatory requirements.</font></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">Personal information must
  not be used for any other purpose without the consent of the customer. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">The Bell Privacy Ombudsman
  oversees compliance with these privacy policies. </font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        full text of the <em>Bell Customer Privacy Policy</em> and the <em>Bell
        Code of Fair Information Practices</em>, as well as other privacy-related
        documents is available by following the &#147;privacy&#148; link on www.bell.ca.
        or on the Bellnet policies page at <u>http://portmid.bellnet.bell.ca/pls/portal/docs/1/84931.pdf</u></font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Additional
        information respecting customer privacy is available through the Regulatory
        Affairs intranet site at <u>http://or1c91.on.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Additional
        information respecting employee privacy is available through the Human
        Resources intranet site at <u>http://rhr.int.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">I
        am a customer service representative for the residential market. A caller
        identifying himself as the spouse of a wireless customer requested billing
        details for the spouse&#146;s account, indicating that he looked after
        bill payments for the family. Should I provide the information?</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">If
        the caller is not explicitly listed on the account as an authorized co-user,
        the information should not be provided. Account details, particularly
        for wireless accounts, can be very sensitive information and is often
        sought in the context of matrimonial disputes. Advise the caller to have
        the account holder of record contact the Company to have the spouse added
        to the account as an authorized co-user. This approach applies equally
        to wireline, Internet, and satellite accounts.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"> 2.25. Proprietary Information
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Many Company
  documents and information (including confidential information) are proprietary
  &#150; that is, they contain highly sensitive information critical to the conduct
  of the Company&#146;s business. Information entrusted to the Company by a third
  party may also be identified as proprietary, confidential or secret and must
  be handled according to instructions provided by the information owner. Information
  of this kind must be protected against unauthorized disclosure or misuse. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">Examples of proprietary
  information include: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%"><div align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></div></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">major reorganization
      plans</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">23
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> rate applications</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">information
      about new technology</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">marketing
      strategies, bids and proposals</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">legal proceedings</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">customer
      records</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">sensitive
      human resources information</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">internal
      audit reports and significant corporate security matters</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">training
      material</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">computer
      software programs (even routine programs).</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Depending
  on the type of information at stake, unauthorized disclosure or misuse of proprietary
  information can have serious consequences for the Company. For example, the
  Company could be placed at a competitive disadvantage; its financial stability
  could be affected; it might be exposed to legal liability; or its corporate
  image could be compromised. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We are all
  responsible for protecting proprietary information, whether originated by the
  Company, or entrusted to the Company by a third party, by, among others: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">classifying
      and marking documents with the appropriate proprietary notice</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">At
        Bell, proprietary information is classified according to one of four categories:
        Bell private, Bell restricted, Bell internal and Bell public domain. For
        further information, see BCE Security Policy 5.2 Information Classification.</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="5%">&nbsp;</td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">making
        sure all proprietary information, whether stored on paper, on computer
        or in other electronic form, is kept secure</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        Further information may be found on the Corporate Security web site (<u>http://security.intranet.bell.ca</u>
        ) in BCE Security Policy 5.2 Information Classification.</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">avoiding
      unauthorized disclosure of proprietary information </font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        example, checking that computer terminals and telephones used to send
        and receive information are secure. See BCE Security Policy 8.7.7 Voice,
        Fax and Video Security for more information</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">avoiding
        the discussion of such information in public places, (including taxis,
        trains and airplanes) with family members or friends who might pass the
        information on to others deliberately or unintentionally, or with business
        colleagues when our conversations might be overheard. Remember that cellular
        telephones (when in analogue mode) do not provide a secure method of communication</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">For more
      information, see BCE Security Policy 8.7.7 Voice, Fax and Video Security</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">returning
        all proprietary information and documents provided by the Company, including
        all third party information entrusted to the Company, upon termination
        of employment or contract, or reassignment.</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">Any attempt to obtain proprietary
  information by unauthorized means or to misuse such information should be reported
  to a manager immediately. </font></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">24
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Further
        information may be found in the booklet &#147;Security is Everyone&#146;s
        Business or on the Corporate Security web site (http://security.intranet.bell.ca
        ), in the following policies:</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 5.2 Information Classification </font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 8.7.7 Voice, Fax and Video Security</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"><strong>How
      do I tell if a document (paper or electronic) is proprietary if it is not
      marked as such?</strong></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">You
        should begin by asking the person who issued the document (if known),
        as the originator is the person who must determine the classification.
        If you can&#146;t find the source of the information and the nature of
        the document does not make the classification obvious (such as information
        that has been made public), the document should be treated as Restricted
        until the proper classification is determined.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.26. Use of Confidential
  Information </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Many of
  us have access to confidential information which is not available to the general
  public, or which has not yet been made public. Using this information for purposes
  other than furthering the Company&#146;s best interests is not only unethical,
  it may be illegal if it involves the disclosure of material non-public information.
  Using any confidential or privileged non-public information about the Company
  for personal purposes, or failing to safeguard such information, is strictly
  prohibited. </font></p>
<p><br>
  <font size="2" face="Arial, Helvetica, sans-serif"><strong>H. DEALING WITH CUSTOMERS,
  COMPETITORS AND SUPPLIERS </strong></font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">To achieve
  a sustained and enduring competitive advantage, we must ensure that our reputation
  for quality, service and integrity remains unimpeachable. The best way to maintain
  our reputation &#150; and strengthen our competitive advantage &#150; is to compete fairly
  and vigorously while complying fully with our legal and ethical obligations.
  Fair competition means that we respect our customers, competitors, agents and
  all alliance partners. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.27. Customer Relations
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Our Company
  service often involves a visit to a customer&#146;s home or place of business.
  Over the years, we have acquired an enviable reputation for honesty, courtesy,
  integrity and respect for property in dealings with customers. With vigorous
  competition in the communications marketplace, this reputation has become more
  valuable than ever. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.28. Selling our Products
  and Services </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Our customers
  trust us to provide quality products and services, and be truthful when discussing
  our advantages and benefits. To maintain that trust: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        offer customers only those services which we are legally allowed to provide,
        either alone or through contract with an alliance partner or agent, at
        approved rates and charges, where applicable</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">25
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" align="left" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">By
        failing to sell our services at approved rates, we may put a customer
        in the position of subsequently paying more for a product or service than
        what the customer had initially agreed to. As a result, the customer may
        decide to cancel the contract altogether</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">we sell
      only those products and services our customers want and need</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Customers
      will lose faith in us if we try to sell them what they don&#146;t want </font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">we promote
      our products and services accurately</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" align="left" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Providing
      customers with complete and accurate information regarding the capabilities
      of our products and services is essential</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">we give
      customers the straight facts about their competitive choices</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">By
        truthfully telling them what we offer and what the competition is currently
        offering, customers will recognize the Bell advantage</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">our superior
      products, services, network, people and alliance partners</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">we guide
      customers into asking the right questions about their competitive options</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        Is the competitor comparing its savings plan against Bell&#146;s own savings
        plan, or only against Bell&#146;s time-of-day discounts?</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">If
        the competitor is talking &#147;percentage&#148; savings, what is the
        real dollar value based on the customer&#146;s actual calling pattern?</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Can the
      competitor provide services which will address the customer&#146;s specific
      calling pattern?</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">We convince
      customers it&#146;s to their advantage to stay with Bell &#150; or come
      back from another carrier</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Sell Bell:
      promote Bell&#146;s unsurpassed reliability, track record, network, and
      skilled and knowledgeable employees</font></td>
  </tr>
  <tr>
    <td align="center" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        we don&#146;t offer to waive charges, cut special deals or grant discounts
        that are not authorized; we don&#146;t do anything that suggests we are &#147;buying
        business&#148;</font></div></td>
  </tr>
  <tr>
    <td align="center" valign="top">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td align="center" valign="top">&nbsp;</td>
    <td valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Depending
        on the products and services involved, this kind of behaviour could violate
        CRTC regulations and/or provisions of the competition law; as a result,
        the Company and possibly the employee might be subject to legal action</font></div></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.29. Treating Competitors
  with Respect </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We welcome
  and encourage competition and we are committed to treating competitors with
  due respect. By doing so, we honour the competitive spirit that motivates us
  to perform at our best. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We have
  a responsibility to portray our competitors fairly, accurately and without bias.
  Acting otherwise will result in charges of anti-competitive behaviour, and possibly
  in lawsuits. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">Behaving competitively means
  that: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        we do not portray a competitor to the public or to a customer in an inaccurate,
        misleading, disparaging or unfair manner</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;
      </font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        example, by disparaging a competitor with whom a customer is considering
        doing business, you may cause the customer to think you are questioning
        his or her judgment. You risk alienating the customer and losing his or
        her business</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">26
        of 51</font></div></td>
  </tr>
</table>
<p>&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        do not state as a fact our understanding of a competitor&#146;s price
        information as that information may be out of date and incomplete</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        are careful about commenting publicly, or to a customer, on such topics
        as a competitor&#146;s financial situation, business practices, management
        or network reliability, or foreign ownership. It is often hard to pin
        down the correct facts about these matters, and we can be accused of mis-representation</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        best source of information about a competitor comes from the competitor
        itself. If facts about a competitor are public knowledge, direct the customer
        to the source of this information (i.e., newspaper report, magazine article,
        TV or radio news item)</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        do not behave spitefully or disrespectfully toward a customer who has
        decided to purchase a competitor&#146;s products or services; we continue
        to rigorously promote and provide high-quality service for any other product
        we may supply to this customer</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Accepting
        a customer&#146;s decision to go to a competitor doesn&#146;t preclude
        us from trying to win back his or her business at a future date</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Always
      seek an opportunity to promote Bell.</font></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif">2.30. Obtaining Information
  about our Competitors </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We have
  every right to gather information about the marketplace in which we operate.
  This includes information about our competitors, their products and services,
  technology, prices, advertising, and so on. However, we must only obtain this
  information through legal and ethical channels. Acting otherwise is against
  the law and may result in prosecution. </font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">we do not
      engage in industrial espionage</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">we do not
      buy proprietary competitive intelligence (such as marketing plans, sales
      strategies, etc.)</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        must never induce another employee to obtain confidential information,
        nor must we request or induce the employee of a competitor to provide
        such information</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Information
  about our competitors is available from several sources within Bell, such as
  the Sales Support group and the Communications group.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Our
        business unit recently hired someone who held an executive position with
        one of our competitors. This person was deeply involved in planning the
        competitor&#146;s expansion strategy, and he has information which would
        be very valuable to us. Can we ask him to disclose this information?</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Absolutely
        not. The new employee has an obligation to protect his former company&#146;s
        confidential or proprietary information, just as you would be obliged
        to protect Bell&#146;s confidential or proprietary information if you
        were to leave the Company. You must respect the employee&#146;s personal
        integrity as well as his obligation to his former employer </font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">27
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify">&nbsp;</p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">2.31. When
  a Competitor is a Customer </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In our competitive
  environment, competitors are also our customers. When serving customers who
  are also competitors, we must keep the following points in mind: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        must never use information obtained as a result of providing service to
        the competitor in any manner which would give us an undue competitive
        advantage</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        employees who provide access services to competitors have a responsibility
        to ensure that this information is not made available to those within
        the Company or its affiliates who develop competitive service strategies</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">we
        must not disclose a customer&#146;s choice of competitive carrier to anyone
        who does not clearly require the information to provide service to the
        customer</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">This
        means, for example, that we must not disclose information about customers
        obtained from databases such as the Carrier Access Billing System (CABS)
        and the Customer Account Record Exchange (CARE). Access to these databases,
        which contain proprietary information, is restricted.</font></div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For other
  precautions in dealing with competitors, see Bell Canada&#146;s Canadian Competition
  Law Compliance Handbook, available by calling the Ethics & Policy Management
  Group at 310-6600 (no area code required) or by sending an email to ethics@bell.ca
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">2.32. Reciprocity
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Like many
  large corporations, we purchase goods and services from thousands of suppliers,
  many of whom are also our customers. One of the most delicate questions in purchaser-supplier
  relationships is reciprocity &#150; the promotion of sales through the use of
  purchasing power. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Reciprocity
  is an arrangement that both a purchaser and a supplier might be tempted to seek.
  For example, we, as a purchaser, might consider giving our business to a supplier
  who happens to be our customer, in preference to another supplier who is a competitor&#146;s
  customer. Similarly, a supplier may demand that it get our business because
  it is one of our major customers. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">While we
  quite naturally want to do business with our customers, and will take advantage
  of every opportunity to do so, we must keep in mind that this should not be
  done at the expense of price, quality and service. These criteria, rather than
  the simple fact a supplier is or is not our customer, should guide our purchasing
  decisions. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Reciprocity,
  whether it originates with the buyer or the seller, should be handled with utmost
  care for a number of financial, ethical and legal reasons. Most notably: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We
        may lose the opportunity to save money on our purchases if we choose suppliers
        solely because they are Bell customers</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        Other suppliers &#150; who may not necessarily be Bell customers &#150;
        may provide better-quality goods and services at more competitive prices</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;
      </font></td>
    <td colspan="2"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">While
        reciprocity can be advantageous in the short term, it may prove to be
        a liability in the long run</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">
        For example, a customer-supplier may offer a good price but not be as
        technologically up-to-date as another, non-customer supplier; in the long
        run, this technology gap may hurt us</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">28
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%"><div align="center"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></div></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">We may
      be accused of anti-competitive behaviour</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="90%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#150;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Our
        competitors may claim we are coercing suppliers to become our customers,
        thereby unfairly depriving them of the business.</font></div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Under certain
  circumstances, we may, for strategic marketing reasons, develop and contract
  services exclusively with a given supplier. The Law Department must be consulted
  before all such arrangements are established.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Our
        department is organizing a meeting at a hotel. Due to the large size of
        our group, and the fact we don&#146;t want to travel far, we&#146;ve chosen
        a nearby hotel serviced by a competitor&#146;s long distance network.
        Is this okay, or should we find a hotel that uses Bell long distance?</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">It
        is not Bell policy to prohibit employees on Company business from dealing
        with organizations that do not use Bell&#146;s services. While we actively
        encourage everyone at Bell to do business with our customers, we must
        ensure that this is not done at the expense of price, quality and service</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Although
        the hotel you&#146;ve chosen is not a Bell customer, you were right to
        choose it if, in your judgment, it best meets the price-quality-service
        criteria you are looking for: the hotel is located close to your office,
        it can easily accommodate all the members of your department and, as a
        result, will enable your group to save both time and traveling expenses.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><strong><br>
  <font size="2" face="Arial, Helvetica, sans-serif">I. SAFEGUARDING COMPANY ASSETS</font></strong><font size="2" face="Arial, Helvetica, sans-serif">
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We all have
  a responsibility to safeguard Company assets. This is crucial to maintaining
  the trust and confidence of shareholders, as well as others who have a stake
  in the Company. The improper use and/or reporting of assets could seriously
  undermine the Company&#146;s integrity, adversely affect our business strategies
  and decisions and weaken investor confidence. It could also constitute a criminal
  offence. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Each of
  us is accountable for the protection of the Company&#146;s assets in our care,
  both physical (material, buildings, people, property, information, revenues)
  and logical (communications networks, information systems, intellectual property).
  Access to and use of these assets must be authorized, adequately controlled
  and based on business needs. Use for personal purposes of the Company&#146;s
  assets is strictly prohibited. Each of us must also take appropriate measures
  to prevent losses due to wilful action by others, both outside and within the
  Company, which may result in personal injury, property damage, theft, loss,
  abuse or unauthorized access to physical or logical assets, and intellectual
  property (including data). </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In the course
  of protecting Company assets, all employees are required to read, be aware of
  and comply with the BCE Security Charter and all Corporate Security policies
  which can be found on the Corporate Security web site at: <u>http://security.intranet.bell.ca/index.html.en</u>
  </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">It is our
  duty to promptly report to Corporate Security or the Business Conduct Help Line
  all acts that may constitute real or suspected breaches of security.</font></p>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">29
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Further
        information may be found on the Corporate Security web site at <u>http://security.intranet.bell.ca/index.html.en</u>
        in the following security policies:</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Charter at <u>http://security.intranet.bell.ca/GenPol/BCE_Security_Charter_2003-04-03.pdf</u></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 3.1.1 Information Security</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 5.1 Asset Accountability</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 6.3 Security Incident Reporting</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 7 Physical and Environmental Security</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">BCE Security
      Policy 9.1 Business Requirement for Access Control</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">All these
      policies can be accessed through the Security Policy Framework site at</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"><u>http://security.intranet.bell.ca/polframe/index.html</u>
      </font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><br>
  <font size="2" face="Arial, Helvetica, sans-serif">2.33. Funds </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  properly use and protect Company cash, cheques, postage, etc., and ensure that
  all expense vouchers, benefit claims and invoices are accurate and properly
  authorized. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  provide receipts and/or explanations for all expenses incurred on behalf of
  the Company. </font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  charge all transactions to the appropriate accounts. We may only use corporate
  credit cards, charge cards, gasoline cards and calling cards for business purposes.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Corporate
        policy regarding the use of corporate credit cards is detailed on the
        Travel and Expense Management site at <u>http://travel.on.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We
        should, whenever possible, use the services of suppliers with whom Bell
        has negotiated agreements (for example, travel agents, car-rental agencies,
        taxi companies, hotels, etc.)</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Details
        of the corporate travel policy are available on the Travel and Expense
        Management site at <u>http://travel.on.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        hiring of any contractors or consultants must follow the rules as outlined
        on the External Human Resources intranet site and the appropriate forms
        completed</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Further
        information and a complete copy of the Policy on the Use of External Human
        Resources may be found on the EHR intranet site at <u>http://ehr.on.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Hiring
        of external resources must also comply with BCE Security Policy 4.3 Outsourcing
        and BCE</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">30
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">Security
      Policy 6.1 - Security in Job Definition and Resourcing, available on the
      Corporate Security web site at: <u>http://security.intranet.bell.ca</u></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.34. Electronic Procurement
  and Electronic Processing of Expense Reports</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company
  now processes some of its procurement needs electronically and is processing
  employee expense reports and accounting for corporate credit card payments electronically.
  As a mark of the trust placed in employee integrity the Company allows self
  approval of transactions processed electronically using this system up to the
  limits specified in the system.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In exercising
  this trust employees are expected to observe all the requirements with respect
  to the safeguarding of Company assets in particular and the rest of the Code
  of Business Conduct in general. Failure to meet any of these requirements, as
  well as those of associated Company policies, will result in disciplinary action
  up to and including dismissal. Associated policies include, but are not limited
  to, the Policy on Authorizations and the Company&#146;s policies on travel and
  credit card usage.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif"> The Policy
      on Authorizations is available at <u>http://drn.bell.ca/authorizations</u>
      or at <u>portmid.bellnet.bell.ca/portal/docs/1/70080.pdf</u></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">The Commercial
      Card Policy is available at <u>http://travel.on.bell.ca/index.html</u></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">The Corporate
      Travel and Entertainment Policy is available at <u>http://travel.on.bell.ca/index.html</u></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.35. Books and Records</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company&#146;s
  books and records contain vital information about all aspects of our operations.
  They form the basis upon which key decisions about the Company are made &#150;
  whether internally, by Company executives and other management staff, or externally,
  by financial analysts, shareholders, investors, regulators, and so on.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Because
  they are so crucial to the proper running of our business, we must ensure that
  all documents, reports and records falling under our responsibility are accurate
  and complete. We must also ensure that all transactions are properly authorized.</font>
</p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In preparing
  and maintaining our books and records, we will:</font> </p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">adhere
        to all accepted accounting standards and practices, rules, regulations
        and controls applicable to us</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">ensure
        that all entries are recorded accurately and on time, in the proper accounts,
        and are properly documented</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">record
        all funds, assets and transactions. We may not establish any undisclosed
        or unrecorded fund or assets for any purpose</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">keep
        books and records which reflect fairly, accurately and in reasonable detail
        the Company&#146;s transactions, acquisition and disposal of assets and
        other relevant activities</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">sign
        only those documents we believe to be accurate and truthful</font> </div></td>
  </tr>
</table>
<p>&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">31
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p><font size="2" face="Arial, Helvetica, sans-serif"><BR>
  </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">restrict
        access to sensitive or confidential information (such as financial records
        and customer information) to ensure the information is not accidentally
        or intentionally disclosed, modified, misused or destroyed</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">ensure,
        through an internal control process, that the Company meets its book-
        and record-keeping obligations.</font> </div></td>
  </tr>
</table>
<p><font face="Arial, Helvetica, sans-serif"></font><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.36. Contract and Agreement
  Standards</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Contracts
  and agreements represent some of the greatest exposures faced by the Company.
  They also represent a great opportunity for the Company to minimize retained
  risks. If you are in a position to develop or sign contracts, as per the Bell
  Policy on Authorizations, you must take necessary steps to protect the interests
  of the Company by ensuring that the contract is reviewed by appropriate departments
  such as, but not limited to, Legal, Regulatory, Corporate Security and Risk
  Management. The Legal, Regulatory and Risk Management contacts are available
  to assist you, as well as to conduct individual contract reviews at your request.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>
        </b>For complete guidelines and contact information please refer to: </font><font face="Arial, Helvetica, sans-serif"><font size="2">http://dm1ch5.on.bell.ca/rmi/riskcontrol/contract_control/default.asp</font></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy <u>4.2.2 "Security Requirements in Third Party Contracts"</u>
      at <u>http://security.intranet.bell.ca</u></font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"><br>
  2.37. IS/IT and Network Security</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Computers
  and computer networks have become an essential feature of our workplace. Indeed,
  they form the very backbone of our telecommunications network and operations
  infrastructure. For this reason, every effort must be made to protect the Company&#146;s
  computer systems and associated software from the various threats to their security,
  such as accidental or deliberate destruction of data and equipment, interruption
  of service, disclosure of sensitive information, theft and corruption.</font></p>
<p><font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font><font size="2" face="Arial, Helvetica, sans-serif">We
  must all comply with the following computer security policies:</font> </p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">access
      to computer systems is granted only to authorized users</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">users
        are responsible and accountable for their access to and use of computer
        systems; all access codes and passwords must be kept confidential</font>
      </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">the
        use of the Company&#146;s computer system or network for personal use
        or other non-Company purposes is strictly prohibited, unless a manager
        in direct line of authority grants permission</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">we must
      follow Company rules regarding the purchase and use of computer software</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">to
        guard against computer viruses that may damage the Company&#146;s computer
        systems and jeopardize network security, we must check all new files regardless
        of source (e.g. e-mail attachments, internet, diskettes, etc.) with the
        latest version of a virus protection program</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">each of
      us is responsible for reporting any breach of computer security, policies
      and standards.</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">For further
      information, see the following policies located on the Corporate Security
      web site at: http://security.intranet.bell.ca</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">32
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 3.1.1 Information Security</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 5.1 Asset Accountability</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 6.3 Security Incident Reporting</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 7 Physical and Environmental Security</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 8.3 Malicious Software</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 9.1 Business Requirement for Access Control</font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2">BCE
      Security Policy 12.1 Legal Requirements</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><br>
  <font size="2" face="Arial, Helvetica, sans-serif">2.38. Personal Use of Company-Provided
  Internet Access</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Access to
  the Internet is primarily provided for business purposes. However, accommodating
  employees&#146; development and awareness needs through personal use of Company-provided
  Internet access is also encouraged. Personal use must be reasonable, i.e. it
  must not impede or reduce an employee&#146;s ability to perform his/her duties,
  diminish productivity or effectiveness at work or negatively impact the Company
  in any way. We are responsible for any of our action taken while using the Internet
  or e-mail and will be held accountable. Abuse of Company-provided Internet may
  result in disciplinary action.</font> </p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        the complete policy and important restrictions, see the &#147;Bell Internet
        Policy&#148; located at <u>http://rhr.int.bell.ca</u> and choose Policies,
        followed by Workplace and then access Internet Policy</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>I&#146;m
        attending an important sales meeting next week and I have to prepare a
        presentation using slides and fairly complicated </b> <b>charts. My friend
        has the software I need to put the presentation together, and he&#146;s
        offered to lend me his diskettes so I </b> <b>can install the program
        on my computer. Can I go ahead?</b></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">No.
        The law strictly prohibits the use of software on unlicensed computers.
        You must verify and respect the manufacturer&#146;s conditions of license
        or agreement under which the software was acquired. By copying your colleague&#146;s
        software into your computer, you may be breaking the software company&#146;s
        licensing agreement as well as copyright laws, and placing the Company
        at risk of prosecution for copyright infringement. You should speak to
        your group&#146;s computer administrator to discuss your computer needs.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left"><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.39. Property</FONT></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  protect the physical and intellectual property of the Company and third parties
  from loss, damage, theft, vandalism, sabotage or unauthorized use, copying,
  disclosure or disposal. We must also ensure proper business use only, of Company
  and third party property; use of such property for personal</font></P>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">33
        of 51</font></div></td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<p><font size="2" face="Arial, Helvetica, sans-serif">purposes is strictly prohibited.
  This applies to the Company&#146;s property located in the office, at home or
  on customers&#146; premises.</font> </p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">Physical
      property includes offices and office equipment, computers, desks, art painting,
      telephone equipment (both wire line and cellular/wireless), tools, vehicles,
      etc.</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">intellectual
        property refers to such things that are intangible i.e. patents, copyrights,
        moral rights, trade-marks, domain names, integrated circuit topographies,
        industrial designs, trade secrets, confidential information, personality
        rights. Intellectual Property rights reside in and protect works like
        know-how, business methods and processes, computer software, computer
        operating systems, written materials (including paper or electronic form),
        inventions, graphics, photographs, audiovisual works, etc. For more on
        inventions refer to the section titled &#147;Intellectual Property&#148;.</font></div></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Upon termination
  of employment or contract, or reassignment, we must return all physical and
  intellectual property of the Company or entrusted to the Company still in our
  possession or custody.</font> </p>
<table width="99%" border="0">
  <tr>
    <td colspan="2" valign="top"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        further information on loss, theft, damage of Company property, refer
        to BCE Security Policy 7 Physical and Environmental Security available
        on the Corporate Security web site at <u>http://security.intranet.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif"><b>What
        should I do if an outside party wants to use one of the Company&#146;s
        Intellectual Property Assets such as software </b> <b>developed internally,
        a trade-mark, a business process or a policy?</b></font></div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All
        intellectual property developed or used within the Company belongs to
        it or one of its suppliers and as such must be treated as important strategic
        assets. We must not make it available to any party outside of the Company
        without first ensuring our legal right to do so, obtaining the proper
        internal authorizations and ensuring that the Company gets adequate compensation
        in return.</font> </div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        further information on how to submit an opportunity to sell or license
        any Company&#146;s Intellectual Property to another party, refer to <u>http://ipgroup.intranet.bell.ca</u></font>
      </div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><strong><font size="2" face="Arial, Helvetica, sans-serif">
      What should I do if I discover that a Company trademark has been infringed
      or misused?</font></strong></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Trade-marks,
        including the Company&#146;s logo and its various trade names, are among
        the Company&#146;s most valuable assets. Every employee has a responsibility
        to preserve, protect and enhance the value of these assets. You should
        immediately report any infringement or misuse of such trade-marks or trade
        names to the Branding and Identity Hot Line at (514) 870-2347.</font>
      </div></td>
  </tr>
  <tr>
    <td width="5%" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        further information on proper use of trade-marks, see the Brand Intranet
        site at address: http://brand.intranet.bell.ca, or contact the Branding
        and Identity Hot Line at (514) 870-2347</font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><br>
  2.40. Intellectual Property</FONT></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">Intellectual
  property is among the most valuable assets of the Company. Protecting our innovation
  and our brands enhances our competitive edge and solidifies our freedom to operate.
  For a definition of &#147;Intellectual Property&#148;, please refer to the section
  titled &#147;Property&#148;.</font></P>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">34
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">All inventions,
  works and other intellectual property rights and assets described in the previous
  section, conceived or made during or after working hours in the course of our
  employment with the Company or which are within the scope of the Company&#146;s
  business interests, are rightly the exclusive property of the Company.</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">We are prohibited
  from disclosing the Company&#146;s proprietary information and intellectual
  property such as trade secrets, inventions, marketing plans, etc. outside the
  Company without ensuring that the proper safeguards and legal documentation
  are in place. Failure to do so could make the Company lose its right in a trade
  secret or its right to file a patent for an invention.</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">We are prohibited
  from applying for a patent on our behalf or asserting other types of protection
  of intellectual property, such as a trade-mark, domain name, industrial design
  or copyright registration, in relation to an invention, work or other intellectual
  property that we conceived or made during or after working hours in the course
  of our employment with the Company, or which is within the scope of the Company&#146;s
  business interests. Moreover, we should also not make use of such elements for
  our personal gain.</font> </P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">We must
  fully disclose to our manager and to the Intellectual Property Group all intellectual
  property that we conceive or make during or after working hours in the course
  of our employment with the Company, or which is within the scope of the Company&#146;s
  business interests, to the extent required, all rights, including such intellectual
  property rights, in and to all such intellectual property or inventions are
  hereby assigned in their entirety, without limitations to the Company or BCE
  Inc. (or automatically owned by the Company).</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">All moral
  rights that we may have under the <i>Copyright Act</i> (Canada) (or any successor
  or similar legislation in other jurisdictions or at common law) in, or related
  to, the intellectual property that we conceived or made during or after working
  hours in the course of our employment with the Company, or which is within the
  scope of the Company&#146;s business interests are irrevocably waived in favour
  of the Company and its affiliates.</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">You must
  cooperate fully in the preparation and execution of all necessary documents
  if the Company decides to use/sell or license any of its intellectual property
  assets or to apply for protection, registration or enforcement of such rights.</font>
</P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">Your participation
  in the creation of a patent or invention or in an opportunity to sell or license
  any of the Company&#146;s intellectual property assets to another party could
  make you eligible to monetary compensation under the Intellectual Property Awards
  Program (<u>http://ipgroup.intranet.bell.ca</u> ).</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">You may
  apply to be released from your obligation to assign specific intellectual property
  rights to the Company or BCE Inc., as determined by the BCE Intellectual Property
  Group. Each case will be examined on its own merit and the Company and BCE Inc.
  will be reasonable in this regard.</font></P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">To avoid
  misunderstanding, some employees working in certain departments are also required
  to sign a formal Assignment of Rights Agreement as a reminder of their obligation.
  Failure to sign such an agreement, however, does not relieve them of their obligations
  towards the Company.</font></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        further information on the Company&#146;s management of Intellectual Property,
        refer to the &#147;BCE Intellectual Property Policy&#148; or to apply
        for Intellectual Property Awards please refer to the web site at <u>http://ipgroup.intranet.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp; </P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">35
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"> </font><font face="Arial, Helvetica, sans-serif">
  </font></P>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.41. Visible
  ID</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Every employee, consultant
    and contractor must wear a valid, designated ID card at all times while on
    Company premises. Visitors must wear a valid, designated visitor&#146;s card
    while on Company premises and employees should challenge anyone on Company
    premises not wearing one.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Please refer to the following
    web site for more information: <br>
    <u> http://security.intranet.bell.ca/polframe/docs/policy-7.1.html</u></font><u><font face="Arial, Helvetica, sans-serif">
    </font></u></p>
</div>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif"><BR>
  <strong> J. A WORK ENVIRONMENT BASED ON TRUST AND RESPECT</strong> </font></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Nothing is more basic
    to ethical behaviour than trust and respect. A work environment that encourages
    and values trust and respect also makes good business sense: it enables us
    to build and cultivate more meaningful, richer relationships with fellow employees,
    customers, suppliers and shareholders.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">The Company is committed
    to fostering such a workplace, one which:</font><font face="Arial, Helvetica, sans-serif">
    </font></p>
</div>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">recognizes
      the intrinsic dignity and worth of all employees</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">values,
      encourages and leverages the diversity of all employees, customers, suppliers
      and shareholders</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">enables
      all employees to work without fear of intimidation, violence or harassment</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">does not
      tolerate discrimination</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">encourages
      open and honest communication</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">makes reasonable
      effort to adapt the work environment to accommodate the special needs of
      employees as required</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">enables
      all employees to work safely.</font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><br>
  2.42. Diversity in the Workplace</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Diversity is defined as
    an unwavering respect for each other&#146;s uniqueness. Culture, ethnicity,
    gender, age, religion, disability, sexual orientation, education and experiences
    are just some of the facets of diversity. By valuing our differences, we can
    create an inclusive work environment based on merit and fairness where all
    employees can contribute to their fullest potential.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">In the IP world, the business
    case for employment equity and diversity is stronger than ever. A diverse
    workforce brings Bell closer to its customers. In the world ahead, customers
    will be in the driver&#146;s seat, with the power to pick and choose among
    many competing suppliers. The winner will be the company best able to satisfy
    their needs. By becoming the supplier of choice to a diverse customer base
    and the employer of choice to our current and future employees, we further
    improve Bell&#146;s chances of success.</font></p>
</div>
<P ALIGN="left">&nbsp;</P>
<P ALIGN="justify">&nbsp; </P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">36
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="left">&nbsp;</P>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.43. Employment
  Equity</FONT></P>
<div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Employment
  Equity is an important aspect of our diversity strategy. While diversity encompasses
  many different factors that make each of us unique, legislated employment equity
  programs focus on four designated groups: women, visible minorities, Aboriginal
  Peoples and persons with disabilities. The Company complies with employment
  equity requirements aimed at removing barriers to recruiting, retaining and
  promoting members of these designated groups. Employment Equity is not about
  hiring unqualified individuals but rather to ensure that the qualified members
  of the designated groups are given equal employment opportunities.</font><font face="Arial, Helvetica, sans-serif"></font><font face="Arial, Helvetica, sans-serif">
  </font></div>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.44. Discrimination
  and Harassment</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">We prohibit all types
    of unlawful discrimination, including harassment, whether directed against
    an individual or group, including employees, customers, suppliers and shareholders.
    This specifically includes discrimination based on race, national or ethnic
    origin, color, religion, age, sex (including pregnancy or childbirth), sexual
    orientation, marital status, family status, physical or mental disability,
    conviction for which a pardon has been granted. Though the spirit of the law
    is the same, some of the grounds for discrimination may slightly differ for
    companies that are subject to provincial legislation.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Harassment is defined
    as any behaviour, often repetitive in nature, which denies individuals the
    dignity and respect to which they are entitled because the behaviour is offensive,
    embarrassing and/or humiliating. It may take different forms, such as:</font></p>
  <table width="99%" border="0">
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">threats,
        intimidation and/or verbal abuse</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">unwelcome
        remarks or jokes</font> </td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">unnecessary
        physical contact, such as touching, patting, pinching or punching</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">displaying
        sexist, racist or other offensive pictures, posters, e-mails or screen
        displays</font> </td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">any other
        action that may reasonably be perceived as offensive or degrading.</font></td>
    </tr>
  </table>
  <p><font size="2" face="Arial, Helvetica, sans-serif"> Sexual harassment includes
    offensive or humiliating behaviour that is related to a person&#146;s sex,
    as well as behaviour of a sexual nature that creates an intimidating, unwelcome,
    hostile or offensive work environment, or that could reasonably be thought
    to put sexual conditions on a person&#146;s job or employment opportunities.
    </font></p>
</div>
<p><font size="2" face="Arial, Helvetica, sans-serif"> A few examples are: </font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">questions
      and discussions about a person&#146;s sexual life</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">commenting
      on someone&#146;s sexual attractiveness or unattractiveness</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">displaying
      posters, calendars and/or screen displays of a sexual nature</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">writing
      notes, letters or e-mails of a sexually suggestive nature.</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">An employee
  who believes that he or she is being unlawfully discriminated against should
  tell the person to stop immediately. If the behaviour or action persists, the
  employee should bring his or her concern to the attention of his or her manager
  or to a more senior manager in the organization. Unionized employees may elect
  to contact their union representative; management employees may consult with
  their Human Resources Consultant.</font> </p>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp; </p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">37
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify"><font face="Arial, Helvetica, sans-serif"> </font></p>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.45. Reasonable
  Accommodation</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Accommodation is a part
    of a broader principle, namely, that our society should be structured and
    designed for inclusiveness. An accommodation is considered reasonable if it
    does not result in undue hardship, such as: significant impact on business
    operations, or risk to the health and safety of the employee concerned or
    other employees.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Some examples of accommodation
    are:</font></p>
  <table width="99%" border="0">
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">physical
          or technical alterations can be made to an employee&#146;s workspace.
          For example, work station height, non-standard computer monitor, telephone
          with amplifier or headset, etc.</font></div></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%"><div align="justify"></div></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">modification
          of work duties or conditions. For example, modification of standard
          working hours or job accountabilities to accommodate medical conditions
          or religious needs as required</font> </div></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%"><div align="justify"></div></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">providing
          documentation in alternate formats. For example: Braille or other accessible
          media.</font> </div></td>
    </tr>
  </table>
  <p>&nbsp;</p>
  <table width="99%" border="0">
    <tr>
      <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
    </tr>
    <tr>
      <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
          an overview of our policies related to Human Rights and Diversity please
          consult the Bell Canada Human Resources intranet web site at the following
          address: http://rhr.int.bell.ca or http://portmid.bellnet.bell.ca/portal/page?_pageid=1096.236006&_dad=portal&_schema=PORTAL</font></div></td>
    </tr>
    <tr>
      <td width="5%">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">In addition
        &#147;Respect in the Workplace&#148; training is available for groups
        through Warren Sheppel. Information is available at the following address:</font></td>
    </tr>
    <tr>
      <td width="5%">&nbsp;</td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">http://portmid.bellnet.bell.ca/portal/page?_pageid=1096,276441&_dad=portal&_schema=PORTAL</font></td>
    </tr>
    <tr>
      <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
    </tr>
  </table>
  <p><br>
    <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.46. Occupational Health
    and Safety</FONT></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">We are committed to maintaining
    a healthy and safe work environment to reduce the risk of illness or injury.
    This holds true whether employees are working on the Company premises or at
    a customer&#146;s residence or place of business.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">To this end, we must:</font></p>
  <table width="99%" border="0">
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font>
      </td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">follow
        all proper Company procedures when carrying out our jobs</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">comply
          with all Company policies regarding health and safety issues including
          policies on the use of vehicles on company business</font></div></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">comply
        with all relevant laws and regulations governing workplace health and
        safety</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">wear
        prescribed safety equipment</font></td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top">&nbsp;</td>
      <td width="95%">&nbsp;</td>
    </tr>
    <tr>
      <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
      <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">hold
        a valid driver&#146;s license and company driving permit (BC922) when
        driving any vehicle on company business</font></td>
    </tr>
  </table>
  <p><font size="2" face="Arial, Helvetica, sans-serif">We regard Health and Safety
    as a corporate priority. We will ensure that effective policies and practices
    are in place to protect the health, safety and well-being of employees, customers
    and the public.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Where employees are concerned,
    the Company expects each person to take personal responsibility for their
    health and safety, while working safely at all times. The Company will:</font></p>
</div>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">38
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">provide
      a healthy and safe work environment to reduce the risk of illness or injury</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">meet or
      exceed all health and safety legal requirements</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">provide
      proper supervision, training and equipment in this area, and</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">work with
      the joint union/management Health and Safety Committees to resolve issues
      at that level wherever possible.</font></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">Mindful of
  the safety of its customers and the public, the Company will also:</font> </P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">ensure
        business decisions made at all levels of the organization take into account
        the Company&#146;s health and safety commitments</font></div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">cooperate
      with various government and other organizations on health and safety matters,
      and</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">ensure
      contractors follow all legal and contractual guidelines as outlined in their
      contracts with the Company.</font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        detailed information on Occupational Health and Safety Policy, programs,
        processes, procedures, the Canada Labour Code Part II and the Health and
        Safety regulations consult the Human Resources Web site at web address
        <u>http://rhr.int.bell.ca</u> and choose Health,Safety and Wellness</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.47. Corporate Security
  &#150; Emergency Management</FONT></P>
<div align="justify">
  <p><font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font><font size="2" face="Arial, Helvetica, sans-serif">In
    today&#146;s business world, employees could encounter various emergency situations
    that may impact themselves, and/or the Company.</font> </p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">To this end, the Company
    is committed to the type of planning that is designed to &#147;protect life
    and property&#148; through the development and implementation of Corporate
    Security &#150; Emergency Management (CS-EM) policies and procedures.</font>
  </p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Similarly, employees should
    be familiar with and act in accordance with CS-EM policies and procedures
    both in the conduct of business and during an emergency.</font></p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Employees should be aware
    that an Interactive Emergency Response telephone number (1-866-714-0911) is
    available to assist them in the event of non life-threatening emergencies.</font></p>
  <table width="99%" border="0">
    <tr>
      <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
    </tr>
    <tr>
      <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
      <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
          further information on CS-EM policies and procedures, refer to Corporate
          EM Policy 106.01 &#147;Organization and Responsibilities&#148; (available
          on the Emergency Management web site at <u>http://eop.qc.bell.ca</u>.</font></div></td>
    </tr>
    <tr>
      <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
    </tr>
  </table>
</div>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><br>
  2.48. Alcohol, Drugs and Other Substances</FONT></P>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company
  is committed to the health, safety and well-being of its employees, its customers
  and the public. As part of this commitment, the Company makes every reasonable
  effort to minimize risks associated with its operations and to ensure a safe,
  healthy and productive workplace. These principles apply to all of us, to all
  locations where the Company business is being conducted, to all activities on
  all</font></p>
<p align="justify">&nbsp;</p>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">39
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Company
  work premises or other work locations during working hours. We are expected
  to act responsibly during Company-related business, social, and recreational
  events.</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We are required
  to be fit at all times to perform all assigned duties. While at work, we must
  not be impaired by the use of alcohol, medication, or illicit drugs.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The use,
  sale, unlawful possession, manufacture or distribution of alcohol and illicit
  drugs or non-prescribed medications for which a prescription is legally required,
  whether on Company work premises or other work locations, is strictly prohibited.</font>
</p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We have
  the responsibility to determine any potential adverse effects when using prescribed
  or over-the-counter medications with the assistance of their doctor or pharmacist.
  Intentional misuse of prescribed or over-the-counter medications is strictly
  prohibited.</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">For
        further information consult the Alcohol and Drug Policy on the Human Resources
        Web site at web address <u>http://rhr.int.bell.ca</u> and choose &#151;
        Policies, Guidelines and Procedures</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.49. Involvement in a Legal
  Matter</FONT></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">If you are
  involved in a legal matter or police case you must immediately inform your manager
  if this involvement has the potential to affect your ability to perform your
  job fully and competently. Loss of a driver&#146;s license, for example, must
  be reported immediately if the affected employee is required to drive a Company
  vehicle.</font></p>
<p align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">2.50.
  Employee Privacy</font></font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company
  protects personal information of its employees and collects personal information
  about them only for purposes relevant to the Company&#146;s business.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Personal
  information means information, in any format, about an identifiable individual,
  but does not include the name, title or business address or telephone number
  of an employee. Employee personal information refers to those records like the
  personnel file and other documents collected and used to provide services or
  support like pay or benefits information. Personal health information is kept
  separately by the Disability Management Group.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">All personal
  information (including personal health information) shall be protected by security
  safeguards appropriate to the sensitivity of the information and may only be
  used for the identified purposes. All employees holding personal employee information
  should handle it in accordance with privacy principles. Aside from applying
  normal safeguards (i.e.: locked cabinets and desks), employees should avoid
  discussing personal employee information in public areas.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Notwithstanding
  the notion of employee personal information, there shall be no expectation of
  privacy for communications made through the use of Company equipment (for example,
  e-mail, internet/intranet activities, voice mail, computer files), as well as
  workspaces (for example, desks, lockers, and vehicles).</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The Company
  reserves the right to monitor or search any and all Company property at any
  time, where it determines on reasonable grounds that this is required; for example:</font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">to evaluate
      and measure service quality</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">in the
      interests of the safety and protection of employees or the Company</font>
    </td>
  </tr>
</table>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">40
        of 51</font></div></td>
  </tr>
</table>
<p align="justify"></p>
<p align="justify">&nbsp; </p>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">in
        the event the Company suspects an employee of fraud, theft, undeclared
        conflict of interest or other situation which may cause prejudice to an
        employee or the Company or its reputation.</font></div></td>
  </tr>
</table>
<br>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Additional
        information on employee privacy can be found on the Bell Canada Human
        Resources intranet web site at the following address:</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><u><font size="2" face="Arial, Helvetica, sans-serif">http://portmid.bellnet.bell.ca/portal/page?_pageid=1096,268669&_dad=portal&_schema=PORTAL</font></u></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">Additional
      information on customer privacy is available through the Regulatory Affairs
      intranet site at the following address:</font> </td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://or1c91.on.bell.ca</u></font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">The
        Bell Customer Privacy Policy and the Bell Code of Fair Information Practices
        can be accessed at the following addresses: </font></font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://portmid.bellnet.bell.ca/pls/portal/docs/1/62981.pdf</u></font></font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><u><font face="Arial, Helvetica, sans-serif"><font size="2">http://portmid.bellnet.bell.ca/pls/portal/docs/1/84931.pdf</font></font></u></td>
  </tr>
  <tr>
    <td colspan="2"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><br>
  <font size="2" face="Arial, Helvetica, sans-serif">2.51. Workplace Violence</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">We all have
  a right to work in an environment free from violence and threats. The Company
  prohibits all acts of physical, verbal or written aggression or violence. This
  applies whether the aggression is committed by one employee against another,
  or against anyone else an employee comes in contact with when carrying out his
  or her responsibilities.</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">It&#146;s
  up to each employee to report any act, or threatened act, of violence to a manager
  or to Corporate Security. In situations of imminent danger call the police and
  Corporate Security. If the danger seems less imminent, take note of the facts:
  Who was involved? Where and when did the incident take place? Were there any
  witnesses? Then report the incident to Corporate Security. Corrective action
  will ensue as required.</font> </p>
<p align="justify"><br>
  <FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>K. PROTECTING THE ENVIRONMENT</B></FONT></p>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">2.52. Environmental
  policy</font></P>
<font size="2" face="Arial, Helvetica, sans-serif">The Company believes that environmental
protection is an integral part of doing business and is committed to minimizing,
through a continuous improvement process, the impact that some of its activities,
products or services have on the environment.</font>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">In support
  of its commitment, the Company will:</font></P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">exercise
      due diligence in its approach to meet or exceed the requirements of all
      applicable legislation</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">prevent,
      control and reduce releases into the environment</font> </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">correct
      in a timely manner, problem situations which could not be prevented</font>
    </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">promote
      and support cost-effective resource and waste minimization initiatives</font>
    </td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">deal with
      suppliers who seek to minimize their environmental impacts</font> </td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">41
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="left">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">develop
        and market telecommunications services aimed at providing people and organizations
        with innovative solutions to their environmental challenges</font> </div></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">participate
      with governments, businesses, the public and relevant interest groups to
      advance environmental protection</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">communicate
      its environmental initiatives and performance to stakeholders on a regular
      basis</font></td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="95%">&nbsp;</td>
  </tr>
  <tr>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="95%"><font size="2" face="Arial, Helvetica, sans-serif">ensure
      that its employees adhere to this policy and understand their responsibilities
      in putting it into practice.</font></td>
  </tr>
</table>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif">Compliance
  with this policy is every employee&#146;s responsibility. Non-compliance with
  this policy will lead to disciplinary action up to and including dismissal.</font>
  <br>
  <font face="Arial, Helvetica, sans-serif"> </font></P>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">2.53. Reporting
  Environmental Incidents</FONT></P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">An environmental incident
    is an unforeseen situation that can have a negative impact on the environment
    and may need to be reported to the government authorities.</font> </p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">Whether it is a small
    spill or leak, a fire in a hazardous material recovery warehouse or a customer
    complaint, employees must report all environmental incidents no matter what
    type, cause or seriousness.</font> </p>
  <p><font size="2" face="Arial, Helvetica, sans-serif">The Corporate Responsibility
    and Environment group must be immediately notified of all environmental incidents
    involving the company, whether or not they are an emergency and regardless
    of where they occur. An environmental issues expert will provide employees
    with the necessary directives and will report to the government authorities
    as required. An on-duty manager can be reached 24 hrs per day through the
    Enviro-line at 1-877-235-5368.</font><font face="Arial, Helvetica, sans-serif">
    </font></p>
</div>
<P ALIGN="left"><font face="Arial, Helvetica, sans-serif"><br>
  <FONT SIZE="2">2.54. Disposal of Residual Materials</FONT></font></P>
<p><font size="2" face="Arial, Helvetica, sans-serif">Hazardous materials should
  not be disposed of in public landfill sites or incinerators. For example:</font></p>
<table width="99%" border="0">
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;
      </b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Aerosols
      and other containers</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Contaminated
      rags and other absorbent products</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Alkaline
      batteries</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Rechargeable
      batteries</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;
      </b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Oil containers</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;</b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Solvents</font></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%"><font size="2" face="Arial, Helvetica, sans-serif"><b>&#151;
      </b></font></td>
    <td width="90%"><font size="2" face="Arial, Helvetica, sans-serif">Florescent
      tubes</font></td>
  </tr>
</table>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">These products
  include certain substances which, even in very small quantities, can be harmful
  to the environment and our health.</font> </p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">To comply
  with applicable laws and regulations, it is important that you dispose of hazardous
  residual materials in the appropriate containers provided by the Company at
  the various sites.</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">In line
  with the Company&#146;s environmental policy, each employee must dispose of
  other non-hazardous residual materials such as paper, cardboard, bottles and
  cans in the appropriate containers, as per the established process at each site.</font>
</p>
<p align="justify">&nbsp;</p>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">42
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p align="justify">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%" valign="top"><img src="hand.gif" width="22" height="16"></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Additional
        information about environmental programs and most recent procedures is
        available at the Corporate Responsibility and Environment group intranet
        web site at <u>http://enviro.int.bell.ca</u></font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p align="justify"><font face="Arial, Helvetica, sans-serif"> </font></p>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>3. Roles
  and Responsibilities<br>
  </B></FONT></P>
<P ALIGN="left"><font size="2" face="Arial, Helvetica, sans-serif">3.1. Annual
  Review</font></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">All employees
  are all expected to review the Code at least once a year and certify that they
  have done so by signing form BC3684, &#147;Code of Business Conduct/Annual Record
  of Review&#148; (a copy of which is available in the appendices section of this
  Code). This form is kept in every employee&#146;s personnel file.</FONT> </P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Members
  of the Board of Directors of each of BCE Inc. and Bell Canada, as well as all
  Officers and Vice-Presidents, are expected to certify each year that they have
  reviewed, understand and follow the Code.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">In addition,
  if there is an actual or potential conflict of interest, employees must also
  complete form BC3684(A), &#147;Disclosure of a Conflict of Interest or Potential
  Conflict of Interest,&#148; and forward it to the Ethics and Policy and Management
  Group at ethics@bell.ca.</FONT> </P>
<div align="justify">
  <p><font size="2" face="Arial, Helvetica, sans-serif">Form BC3684(A) is also
    available on the Human Resources intranet web site Your Workplace; Your Workplace
    Values at address: <u>http://rhr.int.bell.ca<br>
    </u></font></p>
</div>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">3.2. Business
  Unit Role and/or Responsibility</FONT></P>
<font size="2" face="Arial, Helvetica, sans-serif"> <strong>Board of Directors,
Corporate Governance Committee and the Audit Committee: </strong></font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">The Boards
  of Directors, with the recommendation of the Corporate Governance Committee,
  has the authority to approve this policy. In addition, the Ethics &amp; Policy
  Management Group reports quarterly to the Audit Committee on the number and
  scope of issues brought to the attention of the EPMG via the Business Conduct
  Help Line and the Complaint Tool for Accounting and Auditing Matters.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>Ethics &amp;
  Policy Management Group:</B></FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">Under the
  direction of the Corporate Secretary, the Ethics &amp; Policy Management Group
  has the responsibility of administering the Code, managing the Business Conduct
  Help Line and the Complaint Tool for Accounting and Auditing Matters and ensuring
  compliance by all Business Units.</FONT> </P>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">43
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p> <font face="Arial, Helvetica, sans-serif"></font></p>
<P ALIGN="left"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>Appendices</B></FONT></P>
<br>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><B>A. Supporting
  procedures</B></font></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">The
        Code of Business Conduct annual review is included in the annual performance
        process. These procedures are located in the Career &amp; Development
        Centre at <u>https://bce.technomedia.ca/</u> under Objective Performance.</font></div></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B><br>
  B. References</B></FONT></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Attachments
      1A </font></font></td>
    <td width="70%" valign="top"> <div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">Certification
        of the Members of the Board of Directors of each of BCE Inc. and Bell
        Canada under the Code of Business Conduct;</font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Attachment
      1B</font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">Certification
        of Officers and Vice-Presidents under the Code of Business Conduct </font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Attachment
      2A</font></font></td>
    <td width="70%" valign="top"> <div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">Employee
        Annual Record of Review; Form BC 3684A - Disclosure of Conflict of Interest
        or Potential Conflict of Interest</font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Attachment
      3</font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">Additional
        Resources</font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">General
      Circulars (GC)</font></td>
    <td width="70%" valign="top"> <div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">General
        Circulars provide detail for adherence to Bell policies, standards and
        procedures. They can be ordered through Xerox by faxing your request to
        1 418-692-0011</font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Code
      of Fair Information Practices </font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://portmid.bellnet.bell.ca/pls/portal/docs/1/84931.pdf</u></font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">The
      Canadian <br>
      Competition Law <br>
      Compliance Handbook</font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">Published
        by the Bell Canada Law Department; available on intranet site </font><font face="Arial, Helvetica, sans-serif"><font size="2">'</font></font><font size="2">Your
        Workplace Values' at address</font><font face="Arial, Helvetica, sans-serif"><font size="2">&nbsp;<u>http://rhr.int.bell.ca</u></font></font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Security
      is Everyone&#146;s Business </font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://security.intranet.bell.ca</u></font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
  <tr>
    <td width="30%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Corporate
      Security Policies </font></font></td>
    <td width="70%" valign="top"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://security.intranet.bell.ca/polframe/index.html</u></font></font></div></td>
  </tr>
  <tr>
    <td colspan="2" valign="top"> <div align="justify">
        <hr width=100% size=1 color=BLACK noshade>
      </div></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">44
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><B>Attachment
  1A:</B></font></P>
<p>&nbsp;</p>
<table width="70%" border="0" align="center">
  <tr>
    <td><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td><div align="center"><strong><font size="2" face="Arial, Helvetica, sans-serif">CERTIFICATION
        OF THE MEMBERS OF THE BOARDS OF DIRECTORS</font></strong></div></td>
  </tr>
  <tr>
    <td><div align="center"><strong><font size="2" face="Arial, Helvetica, sans-serif">UNDER
        THE CODE OF BUSINESS CONDUCT </font></strong></div></td>
  </tr>
  <tr>
    <td><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<p><font size="2" face="Arial, Helvetica, sans-serif"></font></p>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">The Boards
  of Directors of each of BCE Inc. and Bell Canada (in each case the &#147;Company&#148;)
  and our shareholders expect all members of the Boards to follow the highest
  possible standards of honest and ethical conduct and to encourage and promote
  a culture in which ethical business conduct is recognized, valued and exemplified.</FONT>
</P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B><I>Certification</I></B></FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">I certify
  that I have reviewed, understand and follow the Bell Canada Enterprises Code
  of Business Conduct (the &#147;Code&#148;), as well as the Conflict of Interest
  Guidelines for Directors.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">In addition,
  I support the setting of standards needed to discourage wrongdoing and to promote:</FONT>
</P>
<table width="99%" border="0">
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Honest
        and ethical conduct, including the ethical handling of actual or apparent
        conflicts of interest between personal and professional relationships,</font>
      </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Full,
        fair, accurate, timely and understandable disclosure in reports and documents
        that the Company files with, or submits to, securities regulators and
        in other public communications made by the Company,</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Compliance
        with laws, rules and regulations of federal, provincial, state or local
        governments, and other relevant private and public regulatory agencies
        in all jurisdictions in which the Company operates,</font> </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Prompt
        reporting of all material violations of the Code to the Chair of the Audit
        Committee of the Board of Directors of the Company.</font></div></td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td align="center" valign="top">&nbsp;</td>
    <td><div align="justify"></div></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><BR>
  Dated this _____ day of _________________, 2006.</font></P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">________________________</font></td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Andr&#233;
      B&#233;rard</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Ronald
      A. Brenneman</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Richard
      J. Currie</font></td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">________________________</font></td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Anthony
      S. Fell</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Donna Soble
      Kaufman</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Brian M.
      Levitt</font></td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">________________________</font></td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Edward
      C. Lumley</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Judith
      Maxwell</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">John H.
      McArthur</font></td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">________________________</font></td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Thomas
      C. O&#39;Neill</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">James A.
      Pattison</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Robert
      C. Pozen</font></td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="30%">&nbsp;</td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">________________________</font></td>
  </tr>
  <tr>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Michael
      J. Sabia</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Paul M.
      Tellier</font></td>
    <td width="5%">&nbsp;</td>
    <td width="30%"><font size="2" face="Arial, Helvetica, sans-serif">Victor
      L. Young</font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">45
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT"><font face="Arial, Helvetica, sans-serif"></font></P>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>Attachment
  1B:</B></FONT></P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="70%" border="0" align="center">
  <tr>
    <td><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td><div align="center"><strong><font size="2" face="Arial, Helvetica, sans-serif"><b>CERTIFICATION
        OF OFFICERS AND VICE-PRESIDENTS</b></font></strong></div></td>
  </tr>
  <tr>
    <td><div align="center"><strong><font size="2" face="Arial, Helvetica, sans-serif"><b>UNDER
        THE CODE OF BUSINESS CONDUCT</b></font></strong></div></td>
  </tr>
  <tr>
    <td><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">The Boards
  of Directors of each of BCE Inc. and Bell Canada (in each case, the &#147;Company&#148;),
  and our shareholders, expect all Officers and Vice-Presidents of the Company
  to follow the highest possible standards of honest and ethical conduct and to
  encourage and promote a culture in which ethical business conduct is recognized,
  valued and exemplified.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B><I>Certification</I></B></FONT></P>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">I certify that
  I have reviewed, understand and follow the Bell Canada Enterprises Code of Business
  Conduct (the &#147;Code&#148;).</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="LEFT"><FONT size="2" FACE="Arial, Helvetica, sans-serif">In addition,
  I support the setting of standards needed to discourage wrongdoing and to promote:</FONT></P>
<table width="99%" border="0">
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Honest
        and ethical conduct, including the ethical handling of actual or apparent
        conflicts of interest between personal and professional relationships,</font>
      </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Full,
        fair, accurate, timely and understandable disclosure in reports and documents
        that the Company files with, or submits to, securities regulators and
        in other public communications made by the Company,</font></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Compliance
        with laws, rules and regulations of federal, provincial, state or local
        governments, and other relevant private and public regulatory agencies
        in all jurisdictions in which the Company operates,</font> </div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top">&nbsp;</td>
    <td width="90%"><div align="justify"></div></td>
  </tr>
  <tr>
    <td width="5%">&nbsp;</td>
    <td width="5%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td width="90%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Prompt
        reporting of all material violations of the Code to the Chair of the Audit
        Committee of the Board of Directors of the Company.</font></div></td>
  </tr>
</table>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">To the best
  of my knowledge and ability, I will act in good faith, responsibly, with due
  care, competence and diligence, without misrepresenting material facts or allowing
  my independent judgement to be compromised.</FONT> </P>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">I acknowledge
  that I am accountable for following the Code and the responsibilities I have
  under it. I also acknowledge that complying with the Code is a condition of
  my employment. If I do not comply with it or applicable laws, rules or regulations,
  I may be subject to disciplinary measures, which could include discharge from
  the Company.</FONT> </P>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify">&nbsp;</P>
<table width="50%" border="0">
  <tr>
    <td width="25%"><font size="2" face="Arial, Helvetica, sans-serif">Signed:</font></td>
    <td width="75%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td width="75%">&nbsp;</td>
  </tr>
  <tr>
    <td width="25%"><font size="2" face="Arial, Helvetica, sans-serif">Name:</font></td>
    <td width="75%"><p><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></p></td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td width="75%">&nbsp;</td>
  </tr>
  <tr>
    <td width="25%"><font size="2" face="Arial, Helvetica, sans-serif">Title:</font></td>
    <td width="75%"><p><font size="2" face="Arial, Helvetica, sans-serif">_______________________
        </font></p></td>
  </tr>
  <tr>
    <td width="25%">&nbsp;</td>
    <td width="75%">&nbsp;</td>
  </tr>
  <tr>
    <td width="25%"><font size="2" face="Arial, Helvetica, sans-serif">Date:</font></td>
    <td width="75%"><p><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></p></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <P ALIGN="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></P></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">46
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<p><font size="2" face="Arial, Helvetica, sans-serif"> </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">Attachment 2A:</font></p>
<p align="CENTER"><font size="2" face="Arial, Helvetica, sans-serif"><b>Employee
  Annual Record of Review</b></font></p>
<HR NOSHADE COLOR="Black" SIZE="2">
<p align="left"><font size="2" face="Arial, Helvetica, sans-serif">Employee</font></p>
<table width="99%" border="0">
  <tr>
    <td colspan="3"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="33%"><font size="2" face="Arial, Helvetica, sans-serif">Family
      name</font></td>
    <td width="33%"><font size="2" face="Arial, Helvetica, sans-serif">Given names</font></td>
    <td width="34%"><font size="2" face="Arial, Helvetica, sans-serif">Employee
      number</font></td>
  </tr>
</table>
<p align="LEFT"><br>
  <font size="2" face="Arial, Helvetica, sans-serif"> Policy on conflict of interest</font></p>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Employees
  owe their first business allegiance to the Company, and therefore they must
  remain free of interests or relationships which are harmful or detrimental to
  the Company&#146;s best interests. Employees should avoid not only a real conflict
  of interest, but also the appearance of one which could tarnish their own or
  the Company&#146;s image. Even though it is not always possible to avoid relationships
  that could place you in a position of potential conflict, it is important to
  inform your manager and avoid actions or decisions that would conflict with
  the Company&#146;s interests.</font> </p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Conflict
  of interest can lead to disciplinary action, even to dismissal and/or prosecution.
  If you are in doubt, you should discuss your specific situation with your manager,
  who will then advise you as to the position of the Company with respect to the
  matter.</font> </p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<p align="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">Annual certification</font></p>
<font size="2" face="Arial, Helvetica, sans-serif"> </font>
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">I have reviewed
  and fully understand Bell Canada&#146;s &#147;Code of Business Conduct&#148;
  including the section on Conflict of Interest. I have reported to my manager
  any relationship or other circumstances that do or could place me in conflict
  with the interests of the Company. Any new situations will be reported as they
  occur. I hereby certify that I have no real or potential conflict of interest,
  except what is noted on Form BC 3684A. BC 3684A, Declaration of conflict of
  interest or potential conflict of interest form is available at: <u>http://rhr.int.bell.ca</u></font>
</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">Employee
      Signature</font></td>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">Date</font></td>
  </tr>
</table>
<p>&nbsp;</p>
<p>&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">Immediate
      Manager Name</font></td>
    <td width="50%"><font size="2" face="Arial, Helvetica, sans-serif">Signature</font></td>
  </tr>
</table>
<HR NOSHADE COLOR="Black" SIZE="2">
<p align="justify"><font size="2" face="Arial, Helvetica, sans-serif">Note to
  immediate Manager: This form is to be completed and signed each year and retained
  in employee&#146;s personnel file. For assistance please contact the Ethics
  &amp; Policy Management Group at <u>ethics@bell.ca</u></font> </p>
<p align="LEFT">&nbsp;</p>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <p align="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></p></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">47
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<font face="Arial, Helvetica, sans-serif"> </font>
<P ALIGN="right"><FONT SIZE="2" face="Arial, Helvetica, sans-serif">BC 3684A (05
  10)</FONT></P>
<P ALIGN="CENTER"><font size="2" face="Arial, Helvetica, sans-serif"><B>Disclosure
  of Conflict of Interest<br>
  or Potential Conflict of Interest</B></font></P>
<br>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif"><B>Note
  to immediate leader:</B> Please file original in employee&#146;s personnel file
  and send a copy of completed form to the Ethics &amp; Policy Management Group
  fax: (416) 593-0611.</FONT> </P>
<p><font size="2" face="Arial, Helvetica, sans-serif">For assistance please send
  an e-mail to ethics@bell.ca</font></p>
<HR NOSHADE COLOR="Black" SIZE="2">
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>Employee</B></FONT></P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td colspan="3"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="33%"><font size="2" face="Arial, Helvetica, sans-serif">Family
      name</font></td>
    <td width="33%"><font size="2" face="Arial, Helvetica, sans-serif">Given names</font></td>
    <td width="34%"><font size="2" face="Arial, Helvetica, sans-serif">Employee
      number</font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<font face="Arial, Helvetica, sans-serif"> </font>
<table width="99%" border="0">
  <tr>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">A.</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">I
        am directly or indirectly involved in other business or employment, which
        may give rise to or is at present in conflict with, or potential conflict
        with, the best interests of the Company:</font></div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="5%" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">B.</font></td>
    <td width="95%"><div align="justify"><font size="2" face="Arial, Helvetica, sans-serif">I
        have direct or indirect investment, business involvements or relationships,
        which may give rise to or is at present in conflict with, or potential
        conflict with, the best interests of the Company:</font></div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="5%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">C.</font></font></td>
    <td width="95%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Other:</font></font></div></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2" valign="top"><hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Signature:</font></font></td>
    <td width="28%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Leader's
      signature:</font></font></td>
    <td width="27%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
  <tr>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Title:
      </font></font></td>
    <td width="28%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Title:</font></font></td>
    <td width="27%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
  <tr>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Organization
      code:</font></font></td>
    <td width="28%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Organization
      code:</font></font></td>
    <td width="27%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
  <tr>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Phone
      number:</font></font></td>
    <td width="28%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Phone
      number:</font></font></td>
    <td width="27%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
  <tr>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Date:</font></font></td>
    <td width="28%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
    <td width="5%">&nbsp;</td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2" face="Arial, Helvetica, sans-serif">Date:</font></font></td>
    <td width="27%"><font size="2" face="Arial, Helvetica, sans-serif">_______________________</font></td>
  </tr>
</table>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <p align="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></p></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">48
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT"><FONT SIZE="2" face="Arial, Helvetica, sans-serif"><B>Attachment
  3: Additional Resources</B></FONT></P>
<P ALIGN="justify"><FONT size="2" FACE="Arial, Helvetica, sans-serif">If you have
  any questions regarding the issues raised in this document or to report unethical
  or illegal behavior such as corporate fraud, or to raise concerns regarding
  the Company&#146;s accounting, internal accounting controls or auditing matters,
  speak to your manager or call the Business Conduct Help Line at <B><U>https://www.clearviewconnects.com/home</U></B>
  or by calling <B>1-866-298-2942</B> (toll free). You may also contact the following
  resources:</FONT> </P>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">The Ethics
      &amp; Policy Management Group</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"><strong>310-6600</strong>
      (no area code required) or at <strong><u>ethics@bell.ca</u></strong></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">The Code
      of Business Conduct (document, forms, training)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> <u>http://rhr.int.bell.ca</u>
      (See HR Policies and then Your Workplace)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Human Resources
      Consultants</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://rhr.int.bell.ca
      </u></font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Corporate
      Security (suspected fraud or other criminal activities)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif">Ontario:</font></td>
    <td width="70%"><font size="2" face="Arial, Helvetica, sans-serif"> Toronto:
      (416)701-2071 or 1-800-267-0627 </font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%"><font size="2" face="Arial, Helvetica, sans-serif">Ottawa:
      (613) 244-6100 or 1-800-267-0426</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif">Quebec:</font></td>
    <td width="70%"><font size="2" face="Arial, Helvetica, sans-serif"> Montreal:
      (514) 870-7873 or 1-800-667-8738</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://security.intranet.bell.ca
      </u></font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Emergency
      Response (non life-threatening emergencies)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif"> 1-866-714-0911</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://eop.qc.bell.ca
      </u></font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Enviro-Line
      Bell (environmental issues)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">1-877-235-5368</font><font face="Arial, Helvetica, sans-serif">&nbsp;</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://enviro.int.bell.ca
      </u></font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Branding
      and Identity Line</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2">(514)
      870-2347</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td colspan="2"><font face="Arial, Helvetica, sans-serif"><font size="2">E-mail:
      info.branding@bell.ca</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="3"><font size="2" face="Arial, Helvetica, sans-serif">Occupational
      Health and Safety</font> </td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif"> </font></P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <p align="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></p></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">49
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="justify">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">(514)
      870-5848</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">Privacy
      in the workplace (for privacy issues related to employees)</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font size="2" face="Arial, Helvetica, sans-serif">Bell Canada
      employees</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">In
      Ontario, E-mail: privacy.coordinator@bell.ca</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">In
      Qu&eacute;bec, E-mail: coord.rens.pers@bell.ca</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">Bell
      Mobility employees</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">E-mail:
      Coordonateur-protectiondesrenseignementspersonnels@mobility.com</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">Bell
      ExpressVu employees</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">E-mail:
      privacycoordinator@expressvu.com</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2">http://rhr.int.bell.ca
      &#151; Your Workplace</font></font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top"><font size="2" face="Arial, Helvetica, sans-serif">&#149;</font></td>
    <td colspan="2"><font size="2" face="Arial, Helvetica, sans-serif">Corporate
      Responsibility</font></td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%">&nbsp;</td>
  </tr>
  <tr>
    <td width="10%" align="center" valign="top">&nbsp;</td>
    <td width="10%">&nbsp;</td>
    <td width="80%"><font face="Arial, Helvetica, sans-serif"><font size="2"><u>http://www.bce.ca/en/responsibility/</u></font></font></td>
  </tr>
</table>
<P ALIGN="justify">&nbsp;</P>
<P ALIGN="justify"><font size="2" face="Arial, Helvetica, sans-serif"> </font></P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <p align="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></p></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">50
        of 51</font></div></td>
  </tr>
</table>
<P ALIGN="left">&nbsp;</P>
<HR style="MARGIN-TOP: -2px" align=center width="100%" color=#000000 noShade
SIZE=4>
<p><font face="Arial, Helvetica, sans-serif"><strong>Code of Business Conduct</strong></font></p>
<HR style="MARGIN-TOP: -10px" align=center width="100%" color=#000000 noShade
SIZE=1>
<P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><B>4. Policy
  or Practice Details</B></font></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Issuing
      BU</font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Office of the Corporate Secretary</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Policy
      sponsor</font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Patricia A. Olah, Corporate Secretary</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Policy
      owner</font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Asst Gen Counsel, EPMG, David Wolinsky</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Primary
      contact</font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Associate Director, EPMG, Joan Grass</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Required
      approvals</font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      Board of Directors, Corporate Governance Committee, Corporate Secretary</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Issue
      date </font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">1995</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Effective
      date</font></font></td>
    <td width="70%">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="30%"><font face="Arial, Helvetica, sans-serif"><font size="2">Review
      cycle </font></font></td>
    <td width="70%"><font face="Arial, Helvetica, sans-serif"><font size="2">annually</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><br>
  Required Policy or Practice management elements checklist</font></P>
<table width="99%" border="0">
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Monitoring
      compliance processes defined</font></font></td>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Yes</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Communication
      plan complete </font></font></td>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Yes</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Communication
      materials complete</font></font></td>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Yes</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Training
      plan complete </font></font></td>
    <td width="50%"><font face="Arial, Helvetica, sans-serif"><font size="2">Yes</font></font></td>
  </tr>
  <tr>
    <td colspan="2"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif"><B><br>
  </B>Revision history</font></P>
<font face="Arial, Helvetica, sans-serif"><font size="2"> </font></font>
<table width="99%" border="0">
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade> </td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">Date</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Change
      owner</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Changed
      by</font></font></td>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">Version</font></font></td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">Description</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">1995</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">first
      release - paper </font><font face="Arial, Helvetica, sans-serif"><font size="2">format</font></font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">1998</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass </font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">first
      update - paper</font> <font face="Arial, Helvetica, sans-serif"><font size="2">format</font></font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">2000</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      second update - online format</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">2002</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      third update - online format</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">2003</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      annual update - online format</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">2004</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      annual update - online format</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">2005</font></font></td>
    <td width="20%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">David
      Wolinsky</font></font></td>
    <td width="20%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">Joan
      Grass</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">conversion
        of Code to PMF compliant template format</font></font></div></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%"><font face="Arial, Helvetica, sans-serif"><font size="2">2005</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">David
      Wolinsky</font></font></td>
    <td width="20%"><font face="Arial, Helvetica, sans-serif"><font size="2">David
      Wolinsky</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><font face="Arial, Helvetica, sans-serif"><font size="2">
      annual update - online format</font></font></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
  <tr>
    <td width="10%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">2006</font></font></td>
    <td width="20%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">David
      Wolinsky </font></font></td>
    <td width="20%" valign="top"><font face="Arial, Helvetica, sans-serif"><font size="2">David
      Wolinsky</font></font></td>
    <td width="10%">&nbsp;</td>
    <td width="40%"><div align="justify"><font face="Arial, Helvetica, sans-serif"><font size="2">
        Changes to references </font><font face="Arial, Helvetica, sans-serif"><font size="2">to
        new Business Conduct help Line</font></font></font></div></td>
  </tr>
  <tr>
    <td colspan="5"> <hr width=100% size=1 color=BLACK noshade></td>
  </tr>
</table>
<P ALIGN="LEFT"><font size="2" face="Arial, Helvetica, sans-serif">Last saved:
  2006-01-06 10:35 AM </font></P>
<P ALIGN="LEFT">&nbsp;</P>
<P ALIGN="LEFT">&nbsp;</P>
<table width="99%" border="0">
  <tr>
    <td width="50%"> <p align="left"><font size="1" face="Arial, Helvetica, sans-serif">&nbsp;&#169;
        BCE Inc./Bell Canada 2005. All Rights Reserved.</font></p></td>
    <td width="50%"> <div align="right"><font size="2" face="Arial, Helvetica, sans-serif">51
        of 51</font></div></td>
  </tr>
</table>
<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)<em>
      Patricia A. Olah</em><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">Patricia
      A. Olah<br>
      Corporate Secretary</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 24, 2006</font></td>
    <td width="10%"><font size="2" face="Arial, Helvetica, sans-serif"><br>
      <br>
      <br>
      </font></td>
  </tr>
</table>
<P ALIGN="center">&nbsp;</P>
<p>&nbsp; </p>
<p>&nbsp; </p>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>bcelogo.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 bcelogo.gif
M1TE&.#=A`0%<`/<`````````50``J@``_P`D```D50`DJ@`D_P!)``!)50!)
MJ@!)_P!M``!M50!MJ@!M_P"2``"250"2J@"2_P"V``"V50"VJ@"V_P#;``#;
M50#;J@#;_P#_``#_50#_J@#__R0``"0`520`JB0`_R0D`"0D520DJB0D_R1)
M`"1)521)JB1)_R1M`"1M521MJB1M_R22`"225222JB22_R2V`"2V522VJB2V
M_R3;`"3;523;JB3;_R3_`"3_523_JB3__TD``$D`54D`JDD`_TDD`$DD54DD
MJDDD_TE)`$E)54E)JDE)_TEM`$EM54EMJDEM_TF2`$F254F2JDF2_TFV`$FV
M54FVJDFV_TG;`$G;54G;JDG;_TG_`$G_54G_JDG__VT``&T`56T`JFT`_VTD
M`&TD56TDJFTD_VU)`&U)56U)JFU)_VUM`&UM56UMJFUM_VV2`&V256V2JFV2
M_VVV`&VV56VVJFVV_VW;`&W;56W;JFW;_VW_`&W_56W_JFW__Y(``)(`59(`
MJI(`_Y(D`)(D59(DJI(D_Y))`)))59))JI))_Y)M`))M59)MJI)M_Y*2`)*2
M59*2JI*2_Y*V`)*V59*VJI*V_Y+;`)+;59+;JI+;_Y+_`)+_59+_JI+__[8`
M`+8`5;8`JK8`_[8D`+8D5;8DJK8D_[9)`+9)5;9)JK9)_[9M`+9M5;9MJK9M
M_[:2`+:25;:2JK:2_[:V`+:V5;:VJK:V_[;;`+;;5;;;JK;;_[;_`+;_5;;_
MJK;__]L``-L`5=L`JML`_]LD`-LD5=LDJMLD_]M)`-M)5=M)JMM)_]MM`-MM
M5=MMJMMM_]N2`-N25=N2JMN2_]NV`-NV5=NVJMNV_]O;`-O;5=O;JMO;_]O_
M`-O_5=O_JMO___\``/\`5?\`JO\`__\D`/\D5?\DJO\D__])`/])5?])JO])
M__]M`/]M5?]MJO]M__^2`/^25?^2JO^2__^V`/^V5?^VJO^V___;`/_;5?_;
MJO_;____`/__5?__JO___R'Y!```````+``````!`5P`0`C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW#A1'[9\^CB*'$FRI$F,_E+ZTY<O7[9J
M+ZF]A-D2I#Z5__P9U*ESH3Y\]&16@SFT&K:B0V<275KTZ%&BV5K>['FRJM6K
M_[[E]$@/G\R0"?UITU94FS>$5`WN8ZA58%NJ*?')S2<P;5B5_OKUD]NU*TRP
M6`,+/JFU;=V+.O5IT^=MK+9LC[-)EHN-'C9J^+#A:QDUZN-\7NO156@XI^G!
MJ">N'6@M@.O7L&/#;I-U6\%]I1':'KA/4NPD_];ZAJTD^$%MQ@7>2A("@.SG
M`4(4L/80+]Z)=D6N%KA;X-IM)6)+__JW>[M#\R*'ORXA2=*D]I(<N0F_W@WW
M(K^5)-&O/\G^V"60EX1XW-'WVBT'?>>&;-1-M(TMDKCAQGY%E&"A"1;&9A]Y
M!KHF27D$R2%;=]O$)R&%%J;880FV:5,`@>019-N"L97WH(1.^*=BBC4:E%MJ
M0%+THUM!DC1D5D@>9E5;1Z:V#710NF8+1$VZ98T<;E08`HM('EFE1%J!.%"3
M7\:H%7H%*1%`>"444!R:8"I9T5K?[.,-;DCBR1:1$>VS30@!O.B:&Y?,4FBA
MM]ARRZ($=1A`"MQU^8]ZKUTST(.N">!:@+<Y6L"6&6ZYYF\"4>J:++K)-AY!
MW_1D:@"V/?\96W%\*@>;`"6LM8\M!@*Z7@E)R(*<6XZJN&:&Q7X#WG/.`?LA
M17"669A#=<9()).\W7;M3@3YN<VWWRH$[KA-;C-M=P;=LB*)XX9KU;B[;.-G
MDMW:I6R[[H[)&[[RENG=>44&+/#`!)-6\,$^1I3=M@@W[/##"N&VV%B255P9
M9I5MEI8^]-"3C4[1"@DQ1W!FFU7)"^&),LH(H=E=9$9UW%4^>N&D+T&.U:(S
M-3S/I5<_."U\4%YSZ:3566^U?++1VGSCC6%B50/41X`UY.])+).D\M4F.Z2/
M/MET[-51DDUUG38\W:3V2BRU[9)+%4,UK-4J?0U4-FJS%!4UU?#_S?/?DKED
M\\@1<7W0E]7^FYQ@AB.$;>,[#4Y02]B4E#7AK-8:L3]K:2/;E&.6Z*@DI4GB
M*)0E3%FMJ0%J1>-K3NCVCRVR*8%N0[9]HV:4L:'*G1K1!:"I$J?7CM[IOLKF
M1JM(:K,[[\6NME;QT-F>L,A=LKZ--M_J8DL;210[GI^"OO9L;@^VD4)W`\+F
MAFVMQ3:)M@4-)X`(KOGZ/KIA0DBZFN63P^UL,:#D!0`X6L$/;$!G$-]H:G@"
M&='M3"<;!)%'-DG(ES9>!QL39,51\6(5KSZ7.?I=[B'3PIS"5)B1$PZ&<ZK9
MB*.,D+#=4(6#`3`![S9E&^H]9U63*IX!_U_C"!G)[WFPT<J`'IC#':XI3:\1
M@!IP*"59P68WMU"3IJ)4!'1)8HCY>\Z&!$+%YW#)-##$2,EH)[P`X$\)\(FC
M)&0ABSD6IGVOH54#VZ@I&A*D#:H"%_>"8Z#AR6(W8=+&+22AAC/^@XJW:U0;
M7U,`-]CB7K:@HB/I$P)-,;`@VQ#4%G<#(5MT1UFVT.$6UY2[\`C@E0$PPK-P
MHRQ%2H)X%MR&'$QI+O+<*`2==`T`0`<Y%I:$)QD)EY]<:,QF.O.9@F$F--4R
MS8#AK9H$*Y,T);+-!!W,.GS*1\?LA<W!2$]QB4O9P%(XIV\XQA8Z*\K?>#:S
MEN3E.@OS1SXT(_^T@T22FH>3%`M=B*T2IB9KN<'-:E32DLQXQ2M(&4O5T(*7
MALJ%&FBC$_VT`120^"DQ#$F+KHRC&'U4(Q_4D!D_^PFQ8GJS((UKTCD7HA6V
M98,:V/B(5%+"K;JY!":!,QLR-;*2H.3#:-E"#U56`[6<K"0;#BV;XNB%E6X2
M!J:%Z]-`4"J7S2#'JEU;"%5D6J?"[,,?.`6:0OSA3FWDHAJUZ!L],;,9H*7%
MI2^-6$+0<T*\TA2@51G2U\!6#Z0@A6^&?8EB'^,8Q6PGH00)"5[T0K.6I+0O
M0*'&3V<BT;-8Y'+=Y*M>X[0G%`(,J]U"Y\VHFI&%*>:D-8DMS?1A5^O_W(0W
M(RV(/T[*4BH)-$YP0I,V`PI8S57'-HFQA7*7R]SFANL;RBHH_8K+'?]90A*6
M6(L_2G1=[%YR(MQ3+GP<`1]+6.(63=,KV#2#C8IE0S.9&4U)_&4>I,9J3-:5
MA'++RM9_($U2[$S.M`HZT[TB!(=Z),BK./6/D)RIK.VREH37HL#7,-!1%DS(
M-_"XG@P2UY>7^M>\\I7:Y'1'>KI:IFUF:I@!^[)?>#H3D7*G+/)X"SW;P*%]
MA*;0?BU.G1AI'Q.A9`(E7*,[V^4P>]!DJC@(Q$63#`$IHYC#Z7(H-D6D2(F^
M!5V#3`)06P1.J613``^'2%7&^88UGB7A@>!P_Q>="T_RDD"ZT)5QC/_0QH?N
M6S_GO,82W$+)!?D8@$\2Y!H,ZHV&FLMH62CWD/^XQ:T@I14MNO&`++.?:\HL
MUCW"!@1L[LFR8&-!WX`Y``DNB*/D(!`D`J`('^J)5MCXF@T!,C9[+<&I"T";
M1P+HD&SMB2U\I:G8L3:9WZ@P]$P@(38CJ41N(!X885,".#8/4+[BTCYP6(+2
MH.Q&;C#!M&43@O%\PQ;$DTVSG'#+V%B0C9HJ0.L,H@L`[4;/'/Z-&]J-[03G
M&(D8=$/Y6,F=6XZ[!/M6DPX)KB2P&K><$.>(7RV'L!R_8=\8E]`<W'!Q"7%<
M$K>8N+X\"ZV\3K=DE__[IY4;\JHI]78P2$97/QV^QQ=M<7X,T>C#?XO:?3AJ
M><>NRUF'YI#;A>D@))>PRF4D+@FWN+A+'^U#D`-=[I%<YNDTR2Q<@[]QPR;+
MYR:W]9)D*@"L:C7Y3C!NU"6>:3WM&VPW7W!T)QN$?TMBMA%1;,I]NWK[>=.[
MN<1SDL!+=]HFWY)8BR5B4P!$YAEGRAI=+POSH`[91]*SNMY5>**5U_@JU8Z;
ME&QV<9I_C6X@V\U4_@RSFEN_!ETK1N/1N8-FA+!.MVTQ=1O/Z(B_!P#/!7$"
ME<V-D&N,4#S;=G>W[H35J%MC009L0M!)LHTT!,J)^=L0K37E2(+H8D668M56
M?*#4G5FDVXEUOK+[$F*J(N\]-B8`HD`6W\&$<#@$&\)\E+:T(:ID<8B^MWYY
MYD/N$WNF%7$(@V$(>!4GI"=`MH`0&(%*LW(26($6>(`7:"0\9QPTEX'_(B%3
M515Z4S42#L=.T/5/`>:!?U5R/\:`!F,5W=03^;1:*@@1#BB"QC1Q#6A@+=@M
M2;,55(-:)B%-TF6#<T*!$_%T@Y%UYL%Z)B=UH?=T6?<O;P$4^``R>24F&L:#
M)A,R)79:;:$G60-6-=4031A86156!#:"V.%?^^`8C#4Y73$W;8:#!O52_N)M
M6H4X+1A:BD,GV]2!'Y9S5(4>>DA1DV51?=$Q*858,/$8*V$O^E092$4DVA5H
M'/B'3^867280_V40Z()R+>-29]A:,40M);9T"Y4D4',D:P$6/)&(-1$4$*58
MCV@6+Y=:_M!10-,/L>6+L;49P@@:Q%@3/V,=_S;C)1AH8A51&B*'6F6X@IK(
MC,FA<R66-4NE+S7E&&_U$I?QC2U16Y(#)W#($!S5,913697U,[2E$KV8%S]3
M$UV%&7T!5!,U?58C,/2%/:PH$B=6-V"#4C`A&C41B8<#%RO!&4J1%#O5@Y'E
M4/=XARQV/2G!$GP!&6#!/"/SC%_(AE4A:]:2$GK!%Y5Q4K>U@>X(C/30-TDQ
M%OOPDLV8$];0,6HE,EVF77D!54&!-[EX50'S8$NX'5$C-3AU5$*X$F,15U%A
M3T$3DYE37UX!&:S%3!0S%-10#QW%4T6BA2.!5QSI$&(!544#ED,UA*B7%?JT
ME$;Y6+J%%V"C6#U#D/]'E8L%YH5@(HI`AI<)$XB!P1*710\T<QTPU8D-@8P_
M$Q79B%Q'XU])Q3'T@#:H5S=Y`1I!@5,X-9#5\#51^(*CV(7YB%"1@H2CQ4P+
M(V.^)1$BR1==T8B(%5=($5>P:95R)3:;88S@M($[$1EB>5-$08]=X3."N84:
MH8Q4R">F>9>:)X0:F(0Z]Q8IZ%2&^3/2>4_'B$^$V&#>H!B/80MP510W%39`
M(3;A*(X]28,7<35#(H@[UVD^`HC<-(W6Z)&`46"MI4^Q55CX.12%U9(VH0]#
MAS)@4PWER9EWN(Q:57K]5)X]^96#6"MP,J`;T8FY"%W091?]]0_`N(+/*83_
M^U@1<'&688$P3FB@1)>$)HH19%$+8U$0C]$5PFF*&P&A(E@E='D;8>)U`*($
M`E08$9DDR(1,K=(6VZ!_KZ$/MD%KFY(0Y5%6N%$B&+)#!0!HR3D08P$5+[$8
M-!A[$^FC0U*6,9([K#)20X<<8*$K*?`;1&@G(N86:2&C/]9^'N=QY^=Y&_*#
M/6&7R:%C`P%PXZ,0>C9^U*8$$B('<>1QP&(>!D@E-75"=VI"F5A?9YET8D6D
MT;$;)^:1H'6B!I$$+X)M;O"CW*%*FV(?+;8/EA`^)```JJJJ()`"DM`@JM8C
M@Z9Z47=\Q"%SZ^E+$)($))"JJPH`($`"*=`(I%<0_]90!"10`L(:"=L#/KZJ
MJ@3`'I'TAI(0![Q*``"`K=C:JW2F<MZP#6W0J[^:K&W00\I'I=6:!`2@K>/J
MJG1(7%&G3NJQ11<R</4!IK,3&[#&+@N7/PRD0%NT*M^@@(LS=-N0=FB26Z7'
M*D60!&X0<@6Q"P`''&L1=ZOT>[<@+]NP"V?:.Z?Q?71F2C(2=Z_G':^S128P
M";TD.K$!050*+(Z080-!LJXALVP1GPCA8*-VL40&<M:R(/A3LT&'1P(@9@[T
M&G[T#XX0';"4:D-G*T-F:+K5@]+UDMXB+]?0KR(@9O\@?.+QKJ+G>856*]C2
M+I,@JSCD852Q&P`WMHZ#+_^W<&IN:Q)*I@((0:D!H`V[@J-1LC\M.V745B]0
M%!L,Q%2X*1"V"G\I(DH>\F2J5V4']AH&\$2E,FX8DB&39&STIRGX$XH$02-;
M)`(#D;BO(0+R-BJJIT=N6ES>@'D/)&6@>`M`VT9)H!7S^GO*&9IC-DD;,FIM
M-$;D=+#!HT,AH`8^^R/;<:26)[4Y%CP\E!7``QNLYD^J!R@(@D.'A!X2Z[QN
M"[H'0E4E<G\%,"5?)+W,NR`+5P!U%H8.21%49*^#]TEGNRGY4VU*H`1&4`+]
M.F__$!Y=Y[;VXROXFA"R>RODIF[`07\=5&1*T+%4]B+I)[>P0C^<U+C_8'T&
MQ,#_<^I&L`0K;6%]>\<C'7)JJ_(J(G"_&SQ)$VPMT7BB-;9O&S<);_`(;D##
M'"<'DY"Q\:H<CZ`$)G"Y^BNH*HNOV^`(-"P'<P!$[;%O6&*SR+LM&QLAQ',A
M]CM%LV"SMS`)/EPA0HQ%$2()CR!`B.L(<^`(38P0F20)&S<'-CNDT7:Y@IJQ
MP=$><F#&-JL<]ZN_/^P&DU"L9!S&Y`53LNO#%A+'6"0AY#4>*O?$%K&Z-?A,
M7Z*>JL'(:!@D;/G(5\&@THC)T,2@#V()=41'.XP5CNR1S>AZL(&CI-IP)U>-
MAV$88#%($I%T8JJA#.%X2H/+2CH0IM)XV9$;&UK+[1NB_WE2&*6L57B"M_O#
M+]^"'"`SP%CH8DU55O^@;`=4&_A(@Y](5=2<)THW=UE!R1NHA&;"HNNI*T\<
M$F`+S&':S3C8J-FL-53DS$ZUL)>B:X!B=[>$N1UV/K/P*0!MP%NR)7ZD%=J0
M2>'S?M4F">_Z#2F0S[]W(QTR);R"SPBG"Q-R.@L]0'*V)J8D"152:X\$**:+
M?S@C!VU0//)V1F:E"Y*0T-R[)70V+(!8(FK`'-R[*4MV&BB3GA+AN]%A`K9@
M7D-=U$0])G@T</;KP\1F8=57R'6GORE@`DD0<OI`04\J`D;@!D;L!D&['LB5
MKY.TP?G\+=03`BJ0Q_0[*K(@:O\KHM&[L'T$]PW>&]0<=]?$4QQA(@N.PFR3
M0,/T0:_;H!.1`!N36V1OX`@7E]='>%H](63TJFN27=(6XG+_0+0BT'U(@K>?
M]">O!$OA1Q``E\/F=0N7<`OG=0LJ,$EBAK=JH'*!/3PJ]RJ[D6\E<,?D,42[
M(0MB&V]I,`E']F,#4CX/NTC&O2A9I'H!L@MFA'!R7$)%F""0DWM[-\K_@&@J
M+'\$T00JS&`"$;URURV4LDH\:\`!L"J%A&H)@:1KXB4=NT7&!F^NX4&VERF:
M@F</X@3].GBV,;_!4]ZRL46]B]$8LM_4AMM<"(UN,5)#)2N=!"B@=Q#Z\`UZ
M=T53Z[O_FH(@J[%X!4"O*20<301,VLT0M,-]T0$ZV0&Z!9#9N/JM:><6T#<J
MP$<0`V(@4MM`+U(^XW&[MJ">V[`[`EZ'GR6"9<0[2;`:31T`")YOOO-LQ&O@
M4B(0UA#83I0&3`)P$:X3V*TI?!NT)1#:N2VKF8-@!7+`CUL"D,8=>,2WURP0
M7LL[?$=-QZP0[9'(3!PA6)+G7$U>EN).;E#'=2RE)I-CA$JH(\X=&7VY15`$
M,QYIC&0AH-*P^_9="B8)6&+IM[,:V_#FC2LZ;&(A58U(8&H+AKYOAS['@,[G
M!3<A%9(B11:SIQ1BW"$'3K`C5&V\SVV[$Q(^DFV_YU-CITD177.^5B\J)P3S
M.OC3Z!`CR9MGAIR<CVY!.]FFV<]>F)HZS&&E@AI9,)H\,*'5[=6^3A$H6D^(
J&BS#[,X.3=9-6N9$='K(SL$NG)ENRJ@XI4](GPTJ,"S35/%NA`@1$``[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>belllogo.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 belllogo.gif
M1TE&.#=AA0!,`/<`````````50``J@``_P`D```D50`DJ@`D_P!)``!)50!)
MJ@!)_P!M``!M50!MJ@!M_P"2``"250"2J@"2_P"V``"V50"VJ@"V_P#;``#;
M50#;J@#;_P#_``#_50#_J@#__R0``"0`520`JB0`_R0D`"0D520DJB0D_R1)
M`"1)521)JB1)_R1M`"1M521MJB1M_R22`"225222JB22_R2V`"2V522VJB2V
M_R3;`"3;523;JB3;_R3_`"3_523_JB3__TD``$D`54D`JDD`_TDD`$DD54DD
MJDDD_TE)`$E)54E)JDE)_TEM`$EM54EMJDEM_TF2`$F254F2JDF2_TFV`$FV
M54FVJDFV_TG;`$G;54G;JDG;_TG_`$G_54G_JDG__VT``&T`56T`JFT`_VTD
M`&TD56TDJFTD_VU)`&U)56U)JFU)_VUM`&UM56UMJFUM_VV2`&V256V2JFV2
M_VVV`&VV56VVJFVV_VW;`&W;56W;JFW;_VW_`&W_56W_JFW__Y(``)(`59(`
MJI(`_Y(D`)(D59(DJI(D_Y))`)))59))JI))_Y)M`))M59)MJI)M_Y*2`)*2
M59*2JI*2_Y*V`)*V59*VJI*V_Y+;`)+;59+;JI+;_Y+_`)+_59+_JI+__[8`
M`+8`5;8`JK8`_[8D`+8D5;8DJK8D_[9)`+9)5;9)JK9)_[9M`+9M5;9MJK9M
M_[:2`+:25;:2JK:2_[:V`+:V5;:VJK:V_[;;`+;;5;;;JK;;_[;_`+;_5;;_
MJK;__]L``-L`5=L`JML`_]LD`-LD5=LDJMLD_]M)`-M)5=M)JMM)_]MM`-MM
M5=MMJMMM_]N2`-N25=N2JMN2_]NV`-NV5=NVJMNV_]O;`-O;5=O;JMO;_]O_
M`-O_5=O_JMO___\``/\`5?\`JO\`__\D`/\D5?\DJO\D__])`/])5?])JO])
M__]M`/]M5?]MJO]M__^2`/^25?^2JO^2__^V`/^V5?^VJO^V___;`/_;5?_;
MJO_;____`/__5?__JO___R'Y!```````+`````"%`$P`0`C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G(C0WS]_^C)FU%:P&CUH^BB*'*G0'\9\]3["6[D2&K1H
MU:II"VGPVT";!$V:U&=1($Z#^_Q!HT=M*+1J1V'6BE8K9DQKV:Q5LR:5*M6I
M,6'"?`F-)4MJ]?+1/*@-*<MX]<8FU*>MK$>PU3)Z^[=O8%V%/T?JJ[>R'LF"
M_K1E\TB/'CQZU<26U(=R:&%JD%U"JQ4K5JW+F&UELX6Y,ZQ8DEU28]GU<,I\
M^4PVM/E36ZYJT:@1Q2P9WE!X18G*#JO38L]_>?\*'\A8;#^>O74*_)VP[EV#
M<_55HZ:69/#A#TL(V!Y`0/<`X,-[_P\OOKL`)0J=WP0._-O/YP1+?"=?PN8E
M\-R]GV>/7>(V^>1]I]]V(H0GPG;>*2')+>MMHP1YXP4@R7(7_:.-+2$$&(`<
M`FV#GX#;,?B/$?-]%\(V_5'D!H@1)I%"$B600,*'!HCG70$3#I1$>?.U8<LV
M*`('I"UN[)BC0`_.Y]V)%D)H7@`BIBCEE%16:>65$>DS&CWP8>EE30FUQ5DL
M2)46VD>%H98:1G0MM`]2U$W$W&H^+<1:G3[I<YE+AG556%K^=(FG06Q5L]1T
MA?T95D;*Y5027_!4(VA)='[CSS=U952:;?D4I,^FD5H4I'7\76F3-M"`A=%<
M@P*&448Q%?\5FF35I%7=EW+NE%$]O!9FU*Q=21;-4;588T\^?>*J[$!SW7G0
M=0[5(QM8V;0UDV`?Q7G0J/\$>2>TRPZTC0H:@N>&0$%5^(TDY8+'K;B2)%%`
MNP',6X(<NM0DWWCCE8"B+1J.]VZX_R1I'G<!7`?DBC9RAR+#]"KYH9/G%BRQ
M=[/0I1V(`90P*:XVV2*))"*++(DE)\]B\LB6V/(C0>`6!.0D;B@!(XPE)*&$
M&V[\V*7)LHPLR222!*G+R9+,(K0L4;9*\-,/27<KU%3W=R=&LE6S7M50!_=J
M<<@6=IAAB;H$4Y>?TE//G%RGN,\VVEA#V;"AX8;;4(NJ!K-[WQK_])L^T>!6
MK3:=86:99='0$EOBJ7[V6664%3XXVPG%;%=;TX&*6SVUSD1YF&T-1EAI:D]=
MD$W2(F9Z?QF-9MO=V21T4C6OFQW7YZ[Z@])AJ<)433:,5HZ0>@O1#D]:53)F
MV&'4Q(1068ZIBOM`VL"$FMY6E^HT8-I\E.KT,`\:V&`N'<92Z0U)!VKIX#/D
MK-\GH=1\->T/])M[_V@)3:?P%T>V^889#35\MSJ(7.=5**F54V"3E>;-;X&U
M"HL]-,(3GD!$)QLIS@++1YIAQ:8::.&51GS#GIA9CFMPBU69RA>LKLA&;6%1
MDP7M9!.DT(-_;FI;#M'5)N%0KC?#\X>T_Z;V/H4,[&F2*$&,E*A$$C#QB4],
M@H]&]3F<.`LC*6F)G_#6*4PEL8E/+-H_W,!$$@#`B27@"-=DT:X2W,(:NK!%
M'(D$H!*!YTCIZ1;^&L*N<N4H!0'B#AZ?MBX!/4D`0$KD-2XA"4!^:#Q*X-8V
MR-C&)!2AC@@K@22>LR+]'*QB;LC/?-"CO7#UT4D!,$$23&`$$Y@`0`@B3P'<
ML`V;_,=)`C"!T'8IAY&9`#_<48)-^NA)\!3A7[@,P"0(%IQM9$B4=T2(@_!C
M@&*BZ$&>](X)CKB]NSBSF-LA);MB.9Z*4<T?'E(2@@H4H8"%IP2T[-9O'/%+
M.T8L/*-*9S$#8/\$@=ABGP*C$#=U2-""&O2@"*4:3C!2OX0ZE'I(B=U#)[H0
M?V3#-FH\(46I=)V^8:J'/7S31PHH$2MNKTX:558180:WN-FB&I6)161J(5&<
MY&,H6BM52@UHEQ1]BVWX`Y>N&,.YS,F*=`KD%4I&2)>_>00D6SNI1)ZS4U+A
MQ#D(1$F?;`.9Q\S/*CWYR4H/H@_#`*HW^CB.FM8:EK:B)(8RI"`0Q=73X6"5
M+=G(Q@NGU<(_`2\CQ`O?0WY"N_^MSWRULXU*7#BKUTTK6Y&*"?`L4E6%L(5P
MM$B5YDR#G(=<RD)LN4PL9B+5H+R%BZ@Y3G)6R]KD]`,UO?(*[Z!!IF?_\>=J
M)FD,8[L"$WO8XRXIW8E6;<-"WU&%M`X!W&%(BATAQN-_.%S/3_!:)K(A1BQA
MW>-!O!&ZZ;CN,)(-GG#TP;OJ5-8AW^"<^8YB6<+=QC"):>@W!$,9/ZD-NPT%
M2IML`A]G/94:',G+6`=K(5L,:[VI0<A>'!.I"2)DNM(BEC7T<<+*#I@@\#$)
MI*"*WOXU9B6^:AYSI2,VQ%!V>/8;:$12JE'&V`8F!3Q@_F"KDK(=9<)1>^%A
MHI%1P?*P.<OZ[#]N"E7M;JLME(%%JKX+8EO)%S#2.7"?FE>/OS+*@KXA87(T
M,I-=9:.H2%$RK>P1*(>P:CFMH\::$%C4,P7+_RDBQ%Y_,)*55)E/-D?1;+!J
MM^<E1^HET3"N-=I2$X\")ZRJ8:BT7K=>#N*F*$^)RZV"6L)2IJBUK*U020NR
MC[9(1;31$+-DT'2;L>6M41N5R->*\V4(`@LRO(K@HD88$A+F#]*I_DOU`CT=
MIQSW6FSQ(5*B^V""7OB@)"8I52M]7HH&EB&742.G+10/]N(ECR"%VC:ND<AN
M>]O;QRZV3>C,P1:Z,"X=^O8V;A&D;:N;H-@T9#OOF00W2)M.Q`F,/JP,LQV5
M2Q8:*Y>_+*VL?7RC!"'03\(?R:_N&.!`Y$QC3;A59CP9V2#_`6<`2"D'>7?'
MG%7KY",#D`2$)-&=3?_[:(=N(0DE**$$KW2E"I0PB5I>W&+9%`"3M@%0\-BB
M:BC2Q8$8#J5M)6E`YK)+7;;1\O+LTT`;'U7(GDYR?UZL8RK&U='M*!\`E*N8
M*;@%?"SA[_+H4NJ3(!'"?(ZN)$1H0!/Z1KR_4R"`+^LZMYC8P?0.S.^80`F.
MN,6W&#8O[F@27`;3CQH$DO=#@F?G&RLF*9_&2:)WK&G=:KHZD_Z/6SP3E88,
MI.0%(O*^@]+C`<@ZKC;F=)`7Y)0V2OT^=N2=:FZG!&]X@QMTS_O<ZYYGDM#]
M)*XAD'U-;."-'_GDI8H=05FD\=GLV#5P@J)MV$(.V$10ORJ6_`"Y`?/;@L^"
M..5M]R(X/IIW_\>9NV5\U`?2G@$(@3DM8HM?YD<`\P*/"&)>Q_`P2%3V9T@F
MP'B>]$SXQRW-)AS[X`@9\GGO]W0EX'(]$S/[(`EJ<$FA-W*W-WG?X`@?DG\!
J<"X=.'(A$`*+EVO"XQ,IM73=L@\?0W`H&(,4D8`R6(,V2%#YU1`!`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>compass.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 compass.gif
M1TE&.#=A*0,2`O<`````````50``J@``_P`D```D50`DJ@`D_P!)``!)50!)
MJ@!)_P!M``!M50!MJ@!M_P"2``"250"2J@"2_P"V``"V50"VJ@"V_P#;``#;
M50#;J@#;_P#_``#_50#_J@#__R0``"0`520`JB0`_R0D`"0D520DJB0D_R1)
M`"1)521)JB1)_R1M`"1M521MJB1M_R22`"225222JB22_R2V`"2V522VJB2V
M_R3;`"3;523;JB3;_R3_`"3_523_JB3__TD``$D`54D`JDD`_TDD`$DD54DD
MJDDD_TE)`$E)54E)JDE)_TEM`$EM54EMJDEM_TF2`$F254F2JDF2_TFV`$FV
M54FVJDFV_TG;`$G;54G;JDG;_TG_`$G_54G_JDG__VT``&T`56T`JFT`_VTD
M`&TD56TDJFTD_VU)`&U)56U)JFU)_VUM`&UM56UMJFUM_VV2`&V256V2JFV2
M_VVV`&VV56VVJFVV_VW;`&W;56W;JFW;_VW_`&W_56W_JFW__Y(``)(`59(`
MJI(`_Y(D`)(D59(DJI(D_Y))`)))59))JI))_Y)M`))M59)MJI)M_Y*2`)*2
M59*2JI*2_Y*V`)*V59*VJI*V_Y+;`)+;59+;JI+;_Y+_`)+_59+_JI+__[8`
M`+8`5;8`JK8`_[8D`+8D5;8DJK8D_[9)`+9)5;9)JK9)_[9M`+9M5;9MJK9M
M_[:2`+:25;:2JK:2_[:V`+:V5;:VJK:V_[;;`+;;5;;;JK;;_[;_`+;_5;;_
MJK;__]L``-L`5=L`JML`_]LD`-LD5=LDJMLD_]M)`-M)5=M)JMM)_]MM`-MM
M5=MMJMMM_]N2`-N25=N2JMN2_]NV`-NV5=NVJMNV_]O;`-O;5=O;JMO;_]O_
M`-O_5=O_JMO___\``/\`5?\`JO\`__\D`/\D5?\DJO\D__])`/])5?])JO])
M__]M`/]M5?]MJO]M__^2`/^25?^2JO^2__^V`/^V5?^VJO^V___;`/_;5?_;
MJO_;____`/__5?__JO___R'Y!```````+``````I`Q("0`C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0(,*'4JTJ-&C2),J7<I49QL`VP0F:?//%@!;
M`B4E&0B@31(`8`%($K@MK-FH9L<2+(M5H*VM`]M0_??4[%R#V[Z&_=I6DEFP
M;0UV%5CBK]J"4P>6U3;05HE_VKK^;6OU[UV"6@DF"1R9<66S@0O63>NV1%VL
M?LTFB=JTM>O7L&/+]FCU,%D`<+G:]CLP4EA)VDK`S8L[X65;H;.&;</ZX#;?
M8B,?ME6W37*"@R%#%]O\H"W&9&U;_PV=6*`V-V`W+T2NV2#U]-<5Z]T\OBH`
M\(T+=XT_N[___P""E$\^]!1HX('YZ../0P/F4T\]]#BHSX0):C.A/@%FJ.&&
M'';HX8<136A@/=IL8V*))2)7S8$L1I@/0OH02$\]^6BCBS8E;O/-/SN"Z../
M0`8IY)`O*7@AA`?BN$V.^R1DXHD/(MFB@=4HN>0V^S1)Y)9<=NGEEV`>M...
M3Y:)I3<\/D3FB=_=HLTM)N[379ATUFGGG7CFJ>>>?/;IYY^`!BKHH(06.N2"
MAB:JZ**,-DJ0/_K,^`^BF$DRIZ.89JKII@!.*&6+]>A3HB0"A&!"$0]!>B&&
M"7DZ8X+^+%$HZS\8^K-/I"/FLX^J&/9*ZZ>A^BHLK0Y*2.L_6G*J[++,;GEA
M@PY.*6V+C`1@K;4F[,*8D9/6FBRR!U&ZU*ZW#@LNLK:Z2J.OMHK[[(7'LMK_
M[+STUCL0I#*N.ZE`B,YZH:S?(G2K-K9($@LKTTX;BQ(F""!``"9P.BM!^FQC
MJS;`*DCN@MY.JN7']H8L<E,'3BBNN/&VN[%*,29<X,$E/"QS(P9"TT@:UYI@
MRRTC2V1RK#T'+?1(JTZH4-$:HQP4A2[3`TLL)91P[<,!%&`"<'-J(XD;I980
M\=`<K0KVV")'^RJ[NQX[*Z7MPF9VPC;C3'4`,BNAQ*47-:EECV/N\XW?^^"G
M$.!_CZFHK_S2JG*[KA88;+R0#XNAWF17SB'3#^JZ^,KWGGLYKG#?;.W<V)H0
M,%F$`VYFF2A>B>*-.,*.X^RTMTZ[Z[C;OOKN.O;^_XWO.OJ=IN'$#V]\X80?
MKWSQS*=I^?-"&]TGY9071#G3+L/2BM1T3TVW$GC]CON)M9<?.W+HIW^++):P
M+XLD[[^_\_SI(W=+_?BC;XTV^UMSX__E"YP`M2%`9/T-2PB4DP(3F$`">F,?
M#XR@`!DXP`H2D((,/)$&RX0\PRU/>2[I$?1&*!-X!>EZZ*)<5%:X0#G]XTJ\
M^X8V9$C#WI$/="Y+`\ZNU3T!*,$-/%.,B5ZXC8I5[$E6,A&<;J&+^^%/%K9H
MGR4D`3])%,P6[K.$)9#3/BIB$7U6K*(4K1A%*.;/%KNPQC5L<8T<F:EP+TR3
M-RRVK[75\8[B2I;>=K0@-/\M2(2`_`>:_"C(0BH-CW[3Q]\NF"4,+A!X/$H=
M'$5HDD.2\)(.X9B\F"*\2,;1D]3C6Y,TF"/Q/>EW<_R=*K<QQP?ZPV+?\$<L
M9RDO.RX(9$VZ$#Y<!HU65(N'W3.!S@))28%`4""J5*3?EE2[_;5QB?=SXAG5
M1S\GAG&*5]SB-.^W#3CM@G4P7)+S+"F2OY'%F.84'LCBJ$)/]NB-[-S1("<U
M2UG:\UCDBN/?)/C`"P:O><6CR"8Q2=`8)6B@/:$>1()GHGT*$$V,P=(W5OF[
M%[HPE@7A6!T_MCG%L%-,DM0GCT34-'I$HGL]=)@`ADB1)MWR&\HDXNYF%T[>
MF<G_C>'$J4U/>2(!QA)O'%*H4`%IL:)&LH.&A&`+*8C,#Q:3H)5[%E!.-Q`%
M7K!BKVPE*VL:PUW1T59P7"%D(G<L0H[2@'L[*H]D:3R,X#!AC2A"S$8WNJOQ
M9R)DBJ<R"Z>C&:Y.=ZQBZSP9HE%R<FJ/*^QC(>?)2"Q=%4M[%%Y41+@JPT+U
MLA59)^!L)T.NSO"/QA-JXFRYK\EV4B'-:PF^F@:)1B3!!-Y[F`G<`%2!@2M+
M!&S='&UW.Q3-KG^]==T+30E9+*'UDD_56R-=&)5Y$D^6$H2I,2'C0<P""4(#
M0FA0%`JN)<FI=3`LD59;><RG=@Y1RZ25.3\HUDD2I7%-_XMM76E;VW?&\:_,
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M5I%4UYN+E;CMN"_7D+1I;8`M#U5J`BY#1'R!VVKN;&0-:H:Z8/)C7QFSW+XO
MYN\:!;:&MOK+NV,)#MAXY=%$5RG2A;<5F6RE_RK"A=*CB`Y7X<2]4H:1G=C>
MS?&5!!35K1[,9V1)=)D++WFRUOL2T6Y,0;*"<ZAX]3./A3MMVOW(N5WV6DE_
MS]T-@3%OK[2_-DT3.68\>OK\Y[\"%WBGIV32Q%.U+\E9:-`X;+&%$'VAK5?,
M&[U*FZVF;I-WW7;L46&,Q;7!N)#3$]HWS2]._<E3&E\:18M5JJVD7;&*)DNL
MC*'DV(4B<<7MJNLQTO6J,F>T-M>*6$">E@Z]1S<?`K$A?)VWDKY#,"AW&GWZ
M+AB5J2Q@Y&Q:&VW<W47)?I(;]RB4PT/YC<OL/-:G1%4TRJ0L?^</BU];E<O\
MZT\M*2Z,`NRV^U+A1?_]-LL>V4JKBGQE53>^([6?-2K$1DAJ9Z*/:JR(&B4-
M_[2H80055)YJ;IA$=P*F=KG7SDVZ$'C]G)AT?&.Y_EL&.,"Y^B2VVCXCO<(X
M-I=+`I%X(_)"%:,-NR4JO!9VRY5]_]=R*41[3Y(EK!(5&*)A.W)6&X5>R`8X
M'(=\9T4\PF->T[5'"V%:>75R\N15665#NE,B2_5(K%-#R'9;L]<0'+A0!:,$
M:2!^)44-=L-#2-8M."(JM2,JK!`+,](*K=!-3FA%4#2%_99%[$-&^,-$U_!-
M2.1&@$-($9@2UN8\%=4<*^<\.I(FB%)=81@V)A8A1C-V%:-4KL1VK`1!N97_
M-ACW3^WE0FAR3FE6%'G45!FE??943[.4.%5E</<U42RT0OJ%1#4&06G&AI9&
M,6\E?M#`"+[4B:W`"IW8"*T`"RPR<R:R"]?`9=-$95$D"5,D15DT3=N@"Q-R
M,'[V(#.2>T`S.>T2*QLC=FTH,/TB)L,U((R&:8QF7&GC0)2H0-]R9\&8$7ID
M296(3*G37>"R)J^D-['F):&4/+6W$.0TB%6%03"T2-T':=#0<SXG`%YC-V[@
M!G)0:E%T/Y-0:E04CVZ@!DJ0!$X0CXZ`A5D&1=J$?\B11FFT4R%H6\,V$`I2
M@(EW4+B673!G,A6I,@11>"%#@,94-.;Q47N$)AOH_P_>T'O`US>=<VPF&(T1
MD4NJ\GPVM%M#U&N\IC(4Q7P(T8WVDE:L84DRXC)"J`0]U$,_%$2*H20XXB:H
MZ'F>5F4#F67X>$4"B3[7\"0"QU^^A3M@%3#%%(@H$2L_8V+50".(E@U1DB#D
M$G98!SD@IB@!]4(OF$Y@AGV,N#>GQ9(5`2\84D.JY'<>\RA\%7O%-#&LYP^1
M-R74P`B-X',!H`1.T!QF8@OQYW1/Y&_X%C_P,VI2:48$@S[QAQQOXCI6HE,%
ML4_4%2>.)4XLU%G,=I*G=6,!$UEBIG-X!)%Z"6<)0FA&LIMKZ56"2"ZNU&O!
M^7P[EP\D650016@64D1LM_\Q,R:8A!B=>&D1@;B")SAV,C1<#R91FZ218T99
MC\9+L)`&!4!7,F,"=\,:;!)_.&)O2%<_6G2%_,9%]<-TNK!_-J6=P8,0,]E4
M8<96AL,8#^1\OSAVJ8.:"D1<J*14YM1>(&00Q,,\)1B";TF,9,9M1?,W#O(@
MV=!B,<*`C1>`O^A*>:DV./>7F)A=A^2(\)9"6SE1QR,G%76=BSB=TG@QQL2=
M8\6,`]IK!F2CA<.`34,-U)`&*1`"\C5;XB%-G<:*H(=%4U1JFCF%9_1DVL"%
MDK@MY::($F%LG[1.!9&!3;5"_%1'B+A1Z#12#6I1%*13S"5M$Z1,#P1C]X5M
MH=7_5&-")ND$5A&Q7A[T>K)B)`G"G!!2#QV*-!:IDX.3>5GB.2SZ3QG80G@A
MG3::$6<62?,D494(.&O(+]XY=9DH+:S0"-R34N@I'LCAB@9)CY+P"%Z$CU&*
MA5KTBM0$)]M0E08&0P8D5MOUHQ[T+7\HCN6&*#86H]HV2NU"2S"E9-LY1Q1T
M?:E$.+XSH3E89[Y:@G<9CMIJ0(G*H:NR==H`9U6R)+Q"D@KH=20V.2M9J1\A
MK7[S?)B&0(747=_"<L'X-N/G2^TH3+:@)>WYGEA6,%LCI6'D104)BP#[1?76
M:?O3>=]Q4YV%?>:TKB<4G1OH.5SZ*(4D3W3TC0\$+C,T_X.1.(D2E(?@ZG6S
M@T/@*B<V]#L)J(!*A80.ATX+!X+0R*XH@4#+:I$3LJ;TU$@?5W71N'/20@W0
M$`M)4`3FJ5*3,`D;N"3N"6I4B#];9)"=%DWWF;6IYSI82DI*TJAOYZGU8GP$
M$:Q;NJ7]LCFNM"L-$BS&]HB<]85@-T"](U,Z\GJ-]$^->H8X>Q(H6&XEJ$I'
MU8QTE)%M&*I3`@N,D`0H57D0\Q@#\:].N6]5]$7QZ:2F=PN[L#.:1FUFDF`'
MU$#*5IJS"3:L03G:9CBY9$)Z"WQ>)3YN%++(LT%#!*-BFSB-Q'MG2ZE]6Q**
M-$/Z`'8>)RJ9@Y82A"YDTI:@BCV++C.J4B,S*#5;?[=I7"2%])ET5LMTJ&<+
M-T5`HY2MT0A'HZ51RE54?5FWQ]4DT7HR#KFL[#M=#1=3%-N[_RHA<?FD8]BZ
M5A=+=@984B6`I,#T,&[`O62A#9BK9:V8/TUTI9KV)#MZB;;'C2Q61)#A0IOU
MN6GW#2*I3N<2.-FI9Y_4.[X7CN!+OT$A2PUX)D7%C.%J(`?EO;W7>WIW>-*%
M.&/#MH?)(I%&.@ZC`DI@E/OUGE/HBEZT3:&9I<RTK+N+<"#J4!&TL0K75LFI
ML9-"EUG"3[\S0R8,)I+%<=1JH=##O'##"&T0-9+F,&D(&=3K::&W=-_!O?S%
M7^!4(GOUJ2$SF#8'H@SH73+H70.:;#R60-+F6`H41ZW#LK277%O\);=2PY!B
MAXK$@!CC.*$2<HWL@G24:.J5<XM21/]BG$/KYK@FP%)0"T76>T:;-G!/)XEI
MR,F;DDB0(7++*2HQS'9O.")(:"5'!)<$)%V,(2NBI&1H$LEP-$\KNLB+4EU]
ML\QW.SPPRJO;RB@K)*0EU09R$UM*BDS4.Y59>)]<*&/(&,V)@GTF6T&TW"N1
M@B08@B9MVEE*,H<<B5$J**UTBLS0@WTVFT*[5D2&)BK9U4`=I&$"_7QV`GB>
MO$LEU8YTXP;?Q",I8IGUL[FS.,=,8J]^`F/QUH`P]6!8=4S%`BN*Q::M)J!;
M56N*I;JEZ7_I9,\1*%AD.#SD941@5Y*!HTL(LL>OE(#G?(1+@E70[!]&A2+[
M,"#A)V2EFE+_DP#$G:G``G?$&U0BM[0ADC35R`-6":A?B+:<MO/`P?JG7WRI
MCZA`-N9_&$N(W+6!\\O2E:J1U2@GD7J!'6V8!+(N@554$U([$B9AQ/QJ()@3
M03H^VT#4)86T1)92\3@F^C!-<6Q34'TZ:>T2,=40OF=*OD4[P7O9,UV<HK*S
MM2DKL%1GKY>^I0N!2ZS6ICT29H@NE\A[UG9`1K315S6O)H9=N?E2#-A/EVW9
MKG-`<]I/&SU600V7:2?<P"U]4+UHHGF.?O:3XP<-:5"JT&L`Z6D>:YP^FW;=
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M4WFUQ+4%@?OK.7:LYY1>Z70^7+^+E*XCV(+MC0^PP`J?G@11X^&-RYA%%L`E
MH`0TL^&]Q+BRE7Y9*G4:Q=^67NNV_A+.ETZLW%_[XW2.,(_J)Q%K<B*;^WFI
M.I"U$'Y:_KP0HP1C`5YR(DNU>^O47NT2&([#?;>\,^4-U<S$!5XU52+:\L;U
M5NS($9XOPPI%<.K60ENM=DK09NWR_S[O'K*L.Y4C*7+=UK`UL"5;2C`):W&B
MDT[O!%_P_Z$Z'(?GM&[P#-_P#O_P$!_Q$C_Q8U8?!Q$9<6`?@5$632`037`?
M"4$"CV'Q)#`6?H$53R$X<0#R*>\>5$0"V=$&)'`0L@#R"H$$N2$51"`0+4\8
M2!"Y`!`)D%$<C7$5!%$PT($594$$\%,0?M$&6T3Q4C_U.U$60D_U6)_U6K_U
M7-_U7O_U8!_V8C_V9#\T/<_S@$$0*5\6E_$0?E%I'U$;$1$9.:\15F$)99_W
ME2,));`/)'`7D5$P,Z\;:@\5=-$512P6:&])F:$>26!%AE\6?Q$6!Q<9ER$=
M_^`;@A,95Y]?$-GQ#Y(P&D9O$)T1^IF_&B1`&:,O$'\/^JO/^G4_$/2Q%;9`
M`MO0!E>?&I-O&^8!%J6F#4\1%2<O^Y.?]GI__,B?_%K/O!U:,.`W+89:PI'+
MG"P27`>G_-A/\($N)2221,G(3-9@#=Z7,&.)(\QKC`\K@]F__@5_A.@:(]60
M#]F0(`[2C4AD#9]<(,AQ(P[,_@#Q3^!`@@4-'D284.'_0H8-'3Z$&%'B1(H5
M+5[$F%'C1HX=/7X$&5+D2)(E39Y$F5+E2I8M7;Z$&5/F3)HU;=[$F5/G3IX]
M??X$&E3H4*)%C1Y%FE3ITJ7ZG.IC&E7J5*I5K5[%RE2;/GI=N^:#.G#7+3=N
MLIY%FU;M6K9M@>X3Z`^N/FWY\M6KYE7OWJZ-3)0($-B$)$D"P>K;)M??O\6+
MG>:C5Z\>6'_Z&C,6J.V?7;OZ]D$-6[#R4Z?_+(,V;9KTUJVC73O=6B\RO:UT
M2=_66R_;[=?Z[$X^K-CM<.+%C1\GJ=FVOF].F_O;=IHN9*^W?>?EFUW[=D:!
M!0@(8`)YQ6_[OOTK?W[@/L7L_R=WG5P:]7S3E3&'1@AW_'[^_?U/A$NYQ/;Q
MYK/F_M&&O6VH@R\;`Z%*$#J3M+'%FNWV2J($5O:")I8T`@NOO/]HTD^@^4;S
M:C?Y4J-OO@-+'#%&&6=$24&YE&N.0`4AE*VK:FQ3K3G+U`N*P0OI^0M$$,%S
MPI9M3*,G%A-,"*`$-PJC<2<B!U*/2'UZI`V_?[PQ+<<"H6M/KBS79/._N80\
MD#G0#FSNM\,<6NRHRHS,CII8&@D`/.\"G?*6)Q7:9ILK$VT3*S$=@K%122?]
M2;CEU,04KCS]^T:R(Z-,4DGP!+#DEBT%@LN\5*';YTE7_WG5U6U:3;36;;ZY
M-5=<;?_EM59<?^U5UU]_1>^\;XPU%CV!DCU666:5A?;94XG;E%)KKU5)3NNV
M_1*[KK9E#]7+,)MV.+B,W4<;,"],PX11EQ3`A$DF(6C65@G<1AM;M>$WWWSY
MM85"@0,.6!M=^$4X86NT67CAA!]^N&&($_ZW8GUKO7C661.TU]Y][IVU/(WO
M34_5DH%%6==;H5T//?.<A5E:F+.M+]PTPS4MFW6=JJQGISX#M\!_(L6V:/[F
M,HV]S^0"#>>[[LK&GRZ7'<@Q!*EFN2C]4AVZ:X+035;96!'4,;U\OZEK7>T:
M:8-*04$T00E)5L:,5V^VN?MBBG>QA6];_@8\<$EL&5P262S_(4P6P@@CW!9+
M&C><<<,M49QR22A_/'#`K]G&FLZOR5C?K32F:TQEO6&VV2X)-)W,YDXVF6O9
MNU958U_+1@QDW4?F'=9=SS8Y9E5I-[IXXS."ZTF>E_;LM<JR@0RXJC%CD?JA
MJ_5I:RYCA]59\VJ].WRTQ]<&[5H_+GED6-%\$EUO?/N4&B0!"W3)`-R8Y%"!
MGKSX//9;%9V_$O4WAE'H;[>P!0(1:`M9_*V!F=,<X`K7.`@ZSH(1/"#@$+@-
M7>C"2;KPU\5:A1ZIN<QK^E'3";'GM>EAYC)D*N&S!`)#%\;N&U+#X0UUF$,>
MVFP@<FK.R,I3H/#AC7]#*Y#,(A(IIB(E2#:2T8P2XS(F'6F&:,?#8DV0]IGK
M<1$JEY&,;$H7+8.023-19,G85.>RJ4'K5K4360"+F+?H4#&)$!JA9M0T.^)-
MT8Q7(],?"Z(V[4!#"2JH7_V8Y`;]-21Y)-P?K038JP`"C&^7M,8M,IE`#^["
M&DX"Y39`>8T$9M*4"DQ@`C.6*!%JK'L&N6+VB#>[V9U'5K#3(7.XQ[5753%=
MK4*,#)_$O2S_%G,JVCLAJ@CRO'QLI5POD>%!C)6K6JTO,0/R3'2NB9C<:<PQ
M-RQ30?C(1I,UDDLQ0V<O%7*73\5""6Y34J"4H(2-/-)_R\)7`#%FJWOUKWS:
M6YDZIQ8V@S#J6K$TUA\U,TQI91-D=M21-[3A#];0)5T&F2B8'K5'T3!F0,8$
M*416I;2;"<<?]<#'5RSC0L:DL*-9TTCPDC6\[KEJ=Y+DU<=2<QGF=.][:XQ9
M#FV(*ENB4T0E<<JGH`&-=KW-.R50PBVN@1%[,L>(B-%;)5G9KTJ.3WE=:U](
M4X*T]BTFD",L6=>B&5&QMO4B)`6:9YX"-']4IBY>:>87;88S@K@H_Y8,(:CL
MTLH[&X*,?40$9.L4>QFS'HN:+\O/+%F($]\0DB])4,*@EF0$-]S"D?OS'359
M^:^(Z6)A^?*D:74!.M'UBX/7`*&^/*?/L^'QF6[U")'XF%;'EN=>L,(;37$K
M5F2"YBE)@PUL3+,5O33+(%8+RZ:.ZA!T)7-XKBJ?G+191%S.D(2O`Z*$&$I3
M9&[M67\U"CL_U0I`:18\2G""9Q<B(EZ%CE\+4ZT&4[G?PTVN@8?K[^0P:`L/
MAM"(KCHJ>H<;DO-HZCY@=598RBG`F2[8K9J!R+BN*-?:+*=.U9!,/G9CFL/`
M1J((>]_[6A.NEU47B1`MT#`G^Q^[Q`\6[?]UJ@`,4`)#.211YFDM5P^F+U(.
M>'"84USB_K:XRS4P<$X&7*)`9V``>@V<%GY)BQESP^B836IRJMIGSB4AR&*Y
M>+<%[,N$]JHM,0NMZ$$PFX>FTU21#"R=L<W3ZG'<IZ2IKIAA\7'<8]F]W#@)
MB124`,H"D5W!ZF[:Q!@H%_ADPBD.<H2[W)$'%T'*1=!0UO#@*A-%)O24SZ5F
M7HEZE#:K[KU(5;ZAB[`0@T22/AC566D1B^#Z%/CDPZSX3$]X!R0U+4^SIN)E
MGWAQ!2OTN:S+C]1E@<KG.I@&#T#7<V%=2:,:ZMB%/?PJC:52XT.>5/93K&!%
M$30;&!$HP2P/F7#_@KB:KR$;;,!_L\3C],U`?F\:@ZB$+25%?:8^WIHGMSJK
M<QFC-(.XV.!(@6M)IR;BKNR&VLA"D%?%K(_WR:6[;V15Z`P\6DJ.=MH&*N$U
MB7TJI$&%U&^92UW__)C(]'DR\9&Y92(^/;TZY$N?H@<K&A$"108*/(,Q)T)X
ME]6'[4(;L`T<`@U':0G*`LJ!ZR!L.<>KFIJM?#!]>$^8!1WE#(W5W7SCK_25
MX+"/IT2S8\ZQRBFZ=(T\4;MBE<BL:1Z7;SE2R?/MV/A'JZ\IZUP-D=E`#3]=
MF&B;6SQ[RIZA`I;<\`GH]%BJJ.JW*(7HI[ZDS9>3#+5?2E_=<9O.W`+Y_R;5
M;6Q]7P)49MN3,M=L#B17.7P2#N$BM*H15/8YH<\1^QZ7:MRE'JH>-X0_!B&*
M,B=\PU/0*\_9T<N8!TU<_F[M6D7VNY?]&V1BCH30N!BZZ_U66`W6^;1YTV&Z
M,LZ);W5!DO6JCUA"#DHH0!):`8O+]]\KT%`D\"@+Y5DI6',*T@(WND"8>W,@
M?ENRQGG`##H@:_"D?4*8$!H:-/L]H4"C6VF6&$N^D*F=FA(7&=O`G&"BS0`+
M0,O`Z4F0NPFVUS&/8UDVZ-L?Z+B;[EDHGR+!L>$(QA,GZ7NN(7PN8\DAQ=(C
M[*NSCN&F6)&DASHC!#D;@N`:JI&6H6J9@U`O__\#.E:(!/UQ+(L1H&OP&PGR
M-PL:G%AH!49HA4A`LE:(!5:(A5LP(`0ZP(6)M=K`FA.\B9NIGK(S+I7BE^Z!
MO)^1"R+*EZLY1)AZ.3XTBD,!IX=JL(6#':;)P')"#ACYNX&@-M/!J*O9,J$"
MK4.I.Y7!%?8KK$>+LWRAB\MKA#3($**+IUE,M%D,@1(H@B2XDC/4G`K"-P"[
M(,W)K]C:)T8Y%,7PGZ<HL;KZ#7KHC-&`O+H*%_IP1).0HJOQ0&=)*PA#/EVJ
MQI3(M?E@#Z?P%'K8C>S*$7G;$7GCN"^[IE^1D)4+JVI9C*0S&MV:/H18H2D:
MEQ:*B\^PO.QH!$!YEU'_*0`3<(-+F"KY*Q;'PJDGK!=1`AS%2;)*PR"G<[KT
M(SF6:D&+*)=^)+$P"K>[N)2XBD9J%"O%``V?V2D3J;'(.(PXJ2C6D+>D^1A7
M`B*6.;QOU`F,.Q4YJZ[Y"QZ&RT*>S(BD`CH`=*KZ,0`GL;U)&HM1`IQ/"D;-
MB1P'))Q]TYP-,I0ITRJZ0R./LI7U."HBP4<8(9*5RZTA=`S2D`RWC`S)\YFY
M/(V2FI&B2IU<(2>P>24$"Z2#X"NC)(EP[!+H:`Z=J3C+&*8;4<"9M(T$T256
MDR;!U`BD7*]!>9=`N07YVI_66A@"&[#_:C*KRS3+L2!?_)O9*CG7XB=S*@^.
M/)DNLCL9VP$F4_PQVDP?W8D_LV2CPFLSX1J)QF`>U0"3^%B.UJC+TZB94P,*
ML*E"W>$:J&B?$92SECD7!?^C3)6H0BNS*2Y+#V52O)?*3HS0%D(KM$90-_L)
M#'=S+GTQ+4^[M_[*-\"9SP'[)`HAQM?3ETY$%"$L"-Z+"W#*DQA*C0(UPEQ*
MK&19LSS*D9+1E^LZ11$IJK""OPH5FZZSMO!,,WSZH0ZK#74)(]78EIZ).&3R
MFG`LD_FX*^!(GF%2QQ1#&'_PAL8JGU]!##0!S/%<B5P;T-NSS,A(F*<8G>:Q
M*'TQNQ34T;>B.:`K`@-()$52`H/"%0="G-!$,DQ;G`8D3:N+((0!H6`Y(R"L
M$2MTF10BFI%:IH38QZ\!,R?$I=IA%<)R/T(LD\+ZSFC*$S#4C^_<0X2XQKUR
MC`__K:OW@$G.6$'&$M$0XI>ZXD_&TTVD*:@DQ8FT^QH:7!FS="Y;6C9)]0AR
MO+Q0B2=%Z[%2N]+_6C(F(YPK<1Q9^)-(2!S,.;*J]#1-FAA&&4KD6*%Q`<F+
M\Q[L<ZRKV4$K$IG=J:;N5!4B:A5DY<UF<15OW,UBXSBB@K,P])7;O#NZ$2=[
MX1A=:C1.U0FE.1.SN9LT(=2W)(WU^QCT08T\T4!O30C+,$^]@(8D.+2W&14G
M8*2!,"`',M5511S$$3`(9""M9$#`.1@G>;K62K]T&:+#$U-KJ1;L'%!_O(PK
M(S7(>E,1L:<`N1IN2A]O3+N/X9C8Z3)<X:A>B29WU9-Z__F5$4263#W"/E59
MB*"\(Z$&:&B$$G#2@BP``[B%78@D#-JW?P7&@MT<6[@&UC.4SRLYIIVQ$GF4
M:DP5C54/;EJX0R00CILHRS#4`\RNZ-@*:7M,!?2=>2N?6?$X(T)4R?*]F;T)
M#+.];KHHX^K:Z$C77W(EN(H]MST(Y@*Z-"B!`E#/\)`$>AD(3L,T"+2Z?L4@
M4DH_7$&=+SN0->5;?8R]B06-Q#"-)[H3VOD=6VD/JR*6:#J0@RBA2+7'R@T*
M>]146R*98CG=*5+==PW([,"L4"44.>!,B:PT4W4RTUL@#Q+>@*'#8LP7:YO=
M=ZT>",$,;1!;KHC+IW@=\ON7O/\)LC-!(7+)1HV5+.EKU^1E"O+[KEE3&C4C
M#775(355V<J(U_^#!=R-%Z1ST5\,G,RI4O@4)8ULUN^55'%DFL20DP3!%?72
M#<_XI50A(N?]ON!B-<G<6RITSNW,7O!U$X*`P6LZ%QK4(<'J*97UVT^!A7?"
MS.]0M'PMM0AJH"9#S;_9A1;>NDK2%ZC`SF^4,=101W:,$^CM"ON`S.?@."-*
M8-3AN+2J,TZT(PD%+;5Z8`INE*(2+"I:OG1MV/>AVE:;X5O[T0MI!!%^TD!Q
M`T<@"`D28UXD(*35AN(U.7Y9MM1U1$`T'_3C.,LHG]_`.>LIDT',&[+IP!J4
MK$<ZI]7_F3$FQJUD68SO01WT^*,D.M8!>3E;HERWXA\=/A)82+=9E"=&T@_0
M_%TR)K"`VX6FO:9`#JD[O=!8`<M8,[!@%1(QX9YK#2V28SO/LSV&3%E!_D:/
M>Z4HEF$QPUJLA1]G/,"*`3//2!H_G!2^JY/VQ3QJ2`(J*;KOD)O=#4;3(]ZG
M^SRNNAK^;91<TQ>Y8"6@>9I?,B,<_4=2VT<K\AU8$9TU]BFK48A:MF5;3KR/
MHY4R^YH9]$F,8V/D,&5^469ZH(:!5,_W4@*@W1]\^S<04FC]C&&]8Y-0AI`F
ME&AM8L?9@,D8CJBZ"BYITQ%BSD!_29]$X3Y*Q9-X-NF4R%/:QIHUC_&M>_D8
M]KF8'I1I'U2*V+D8V[@\:&B%-NAB0BD!_>F<QB48:R:Y'TLBL!L*[BD7L$F/
M[VP?104WQZPHQ7@/R6,I'&(I8_DZN>O5$6K!93WIL$Z*HE+3&SJKOSQD;#J-
MB6)KBJ(H!#%`NN"^KTQE?XDV.RVLMZ*OFK+`YN"7E[R0FVV$#*%%$Y@%^1H@
M80P8C*2M?QFAP!1EC0#*L@F>L`KEA:).X-*FY9#CQTR8=3F,#^7LFIE:HQH6
MH[)!=7J[(!3KUO_.1%$ND>V=975"OQQLGEI;#/7JC/OPZZQ-L3CN.&[%*?WM
ME23ZRGFS$*!30W6SU_!PMS#&(-3R'*^<I"DTPF(U'3ZE0J\A'0$2M0`"5KAV
M"B**8\=D$."0ZXJJ2Y4++N?T7$STR6)AR#[>[G%R[?M>,-;U4V>QJ3I2IMJA
M/U9S:=WY[1D%;&?\:\[@0O]S@\R"F\'P/#'6'+M00_EY/`#>0G.%1B'=PIIS
MWJB6T>NQ#,?HF7H9Q9J"/K.L[/CSS81`2Z1>8OR6\1F?OGLB-?XQHO*!F.@P
MO@7W\?Y+`@&`*C?8RC.FD)%;)0W6R[#BP9<Z%>V&)9T,PBO69AJW\BO_'XD=
ML5:SS9>%X4+Y6:HP#W-&8(1&*//!-@*=%0PE:(0?AX562,\`4`*$1?+SB?(<
MS4<LU_,]=PN\+#7SV2?/":754P+ZP<R>CE\G<+>$/.QK^%Y);B=6"/*C<S>3
M\Y7LAE0^U_1-/YH\W4[6/.[T:^RMTJ>'^1O5`IV"+4>^B,,X%PPB5^=](F8'
MX_1:MW4V0;[LY4O!>V<1%)EKUH:,/!@/NH4>+W3O^`XYEP3$KI5J:=M;A_9H
M?SCQTD@`NI6+F82R:!(3UUR9E?9O!_=P%_=Q)_=R-_=SMS!)`(!(,`A;`(`D
MR`@2*(%(``"X_0=)(`%9``!;Z(@V*`&$2()]E"^(;2`"%$#W@T?XFPCX-N!W
M!%%W@4>0=S^C-@"`-A"()@``-J;7@2@"$JAW@;"$CW?W-C@4>H?W?Z!X_:'X
MAK>%@"<!@6B#ES\(=P<`2SC<@,<2>K=X!*%X=D?Y?Q^($MAY6%GWB"_Z?[`%
M)"@"@2""),`PFB^,D;]YBZ?7AD?YCT_XK-?ZK>?ZKO?ZKP?[L!?[L2?_^[(W
M^[-'^[17^[5G^[9W^[>'^SUW=Y]'^GW?>(&8>Z(?>H@(^'T."7?'$I@`_+@G
M?`K>!@"(>JQO`W@_?*M_=X+H>X(@#'I'?)@'@'UT]S-:]Y.7A),G@9,?B+LO
MB,\/X\IW=YL?"'6W>GU]?'=/@L%1"&T@@89/@D@@@2?)_+JG>VUH_8HG"-[?
M^]#W>5>=?00I?M4O_=4O"$RC^(]'?LNW=WJW]\*G?K:H^(PGB,6'>/0X>H&@
M=X'X_*<'@*-/^820!*'?G_'7A8&@]R_$>]\W")W'?8_G=]XG`I8?_^G7^WO?
M_N<'B'\"!]HJ06)@$@"2!FH#8&O@OR1M!"9\__C/5D6($+>1`*!-H"0`$P4V
M3&)16QN'&O^%C$0R)8!M+%4*M"52YL4D)5;R[.GS)]"@0H<2+6KT*-*D2I<R
M;>KT*=2H4J=2K6KU*M:L6K=R[>KU*]BP8L>2+6OV[$]M^K35JT?O+;UJ;N.V
MK99/+=J\>O?R[>OW+^#`@@<3SOM-VS:XBA?#Q2MTF[>UC.O)K9=-V\?"FC=S
M[NSY,^C0HD'GRZ?8UBU=ME978ZS8[C9_/??]:_NVVEI;F+?Q'HAS-/#@PH<3
M+V[\^-AO^_S-I:=/'^]MB/=]^X=9F[76KM]:EDY2F^+KTGE71V[^//KTZM>S
M'_S<-/?KB!'SC(XY^V;VM_GFEA8?O3V``0HX(($%"J@66Y71TQ9\^UFCEFQ`
M*?>-=/JTUAQ<<EEC2W3;Z&,@B"&*."*))1KV#868[6+-+HB15]0^O"&V((/Y
MK#9>9B;JN".//?KXXTH10D1;4]7M%EUY0"K_N22333KY))112CDEE55:>266
M66JY)9==>ODEF&&*.2:999IY)IIIJKDFFVW^L\]SU+DY)YUUVCG6>_GTU-N=
M??KY)Z`^Z>,/?/3HJ1%JJ`6Z**.-KID-AMQ]^,\WN]@2@`GT.;HIIYU2^9%E
M^65HBR0FE!"`"$JX\>9S_LCFSW*Q^J//?MSE\URK@\:JEF*WXIKK/^\IUM9:
MQ1J[%H:X(6CLK)@IELVQLPZ**Z1MJ36M/M]DNZVVW7([J:?ABBNFML5>"VFA
MHB[62`#M"H"I);9@^^9R_PC)ZJ\Y`@4N54GNBZN$P9;FJT:OVDNK6_L-:N]R
M'SF\G(?6!:O<N!5;Z6P<D1D+I#&LRR)HG3^Q(;A?K>J:_!:[[[YKPC9$5G?O
MCK3!^:ML1+YI[\'Z<.><O:[JLX\W$'_X$72P!GTQTDGKE:T_RWKC*M2NXER:
M?OG4K!&N)9^L+KOMMFN"F4+:C+-`L]IV:-D1:R.T=6SKJS3<%D]:+VVP2OR<
MQ[G.:W;"M\HL$^`R#QDLV2O9XH02`0A00A);,]9("28(L+*?VD@;-^9*3[JY
M0),27:RKU7WCC^@XTSKP<P*57M[8A4>E<Z2N)9%X`&DT`@U<T+22AM<FV+)+
MG:V_.>M*5"]XJ]@=!QO;/D0S_Y'P_YE+/Z71S>OC#:79ETYX:<0"3-N'K4??
MU:Q;AZ"RXE^;T`A<C*1O@B,+3=\YO_/;#^2W04>FK?[9"F2\KZ85+%A%J&XP
M@YE9$&:R5L0B?>]REPF4P"'5:4,6)C!!NY2@!'$1J8"$$Y*KFH-`V3A/>443
MW/U2"!J'28R%+*S.Z1A4OXW933C[T%I^H%&$)'CM@8IS@R3>YAMMN,$-IN*3
M"I.H1-"4!R=.%`CS"(>K&F(M9PO3F'%FE:[M4",6%W2@NPP0O]]`I3S^&A<"
M]5$/Y`7)=%(D'-#&M\0Y,N5#K>K9JZ16MG\`\%8,D\T,]V@PXJS-9+IK0PA"
MT$-W%8",2?\!W#\`1S'!44<FU;&D);6GR4M2BCH36MTF->DDP0$RDO0BX+10
M5Z\(34A[H*0C+(-"P-CH35J7T^)<VG(S\!$P5@QS78#6N$`EG$IQZ`M`$7G2
MR@EUJ$/SP1$TGRG-:%)SFM8<SWABI,VU>:AEWM0>=6@C$SG)"92BDY,ET=E)
M3DXHG!1S9"SC2:((43%8Q<)2^4[&.W?Y$%-(?%.'WJ2<^5QO+>*YYD&UH0N%
M*E0ZNY'/0V54S8G*YS`4NNCU_A$T#RE'?W'T*'2TZ<T813)D$H,G1.BI3-6I
MCC;O%*@X;[89FZTQD"NAI-UL*L]..6QHX9330,PV,):*CI-`%:3_>2C)3G>Z
MLW,XW$XL6%&$17[-":L:2'4JJ3]H-G,;NY#1BL*ZH=60E:RW2%19RWK6LZ:5
MK-:X!G:L"5=K-!,Q!G41DIK:SD]2BG1^'=WH("D3AU&SJ](4Z39;*+&5<%*P
MIG0L2OM%25.N<E"V`M\;IP58?V!O>SOMT[;NIBW1ZLHT"5O8J^@VN,D*AY,;
MV]A>F?I*LKW*6];96AI*H++)I4\%BL)JC&047&M>1S>V&&M;RRH)4LG"$K*0
MA2V@NUQ)-%<6U'5N=+.K75O$*[FKT45JK*&+!S5SN,V;3QPMF2V9:7,?[=4F
M24YJRC8.4B/8NV_V(-G1\03-A8K]B$IQ_P;9QWZVP%RAF4^2!$)@]H6U`C5E
M*\=FR9>9;G0?7!YTH--5Z@A+7="`11$,<,QV%<`-MR`CX!`3-`IY`YLXN@6+
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M$CFV^(UM#.3K:AS7RX4UJLGZ\+@BE%[4+IBQ=YF]4`ZV<VP^*D/DZU)[O_9F
MS#N:;R(INO!]E#>5="R4HPRX,'O#H@8+WS)7GM*@X@R+?_2'8L"%4UF-^]PZ
M"BW11IMU/NL,+JB=K4;8*].RO/*EY2QJS+N986_V9IR;;*JQLQ7IDGK_TZY@
M]G*29!(9;VQQ.]`PU<#;)8D3I]Q>I0,:92/Y[[I'L\F[22YR9^S=\;95%]N`
MJVY.3%=?2T=C9T2+W<K.6)C+%$7M+!N19++M9T.'A;]Q[]_($V;_#0^SF?R\
MU7/_E%`K_O1B)^E'6`^GYL%).J=/$J(%LF+6>Y-T7!8UJPB7R:!01S;[L;1B
M#NDN,&HPLD-Y]K(MZDS.?Y7SAMT&7?$*318I^>'CMP]7*08NSPYGYBALJ>CN
M!7<U$[;H?5UMMT0:E%U-3`V;[F$)Q-A2+7T((&F-GAC,O4`@^-Q?5B2=RG&8
M@B&>1[58T16=_^B7Z;U2'&F+SW$324',RCD?2?BYSFRA8-(EGVQLC1<5TXC=
M@B5(Q0D2#EX1%T5Q55VIW_MADXK=V]+A'H&(DR=IQ/1I6?%)5+:TV,W8T<3P
M!@?.%U:!4ROU!+C_'>"5#-I5F!.!D5&P?8,'@EEP01J$L9<XK1ZLP-Z'=!/0
M&&"B69B_N)07*L5S&!(L\!`_O0_+>!^,[)5&`<U%#9;YD90!AAU^!9\I51G3
M$,4=]LC5,-;HT4:+712[76!_><BQ6`[QU%N'.0<$!HFL)&"]<*%G2*$JOM&K
MK)'WW-2%U9S*2849G51.U=[0O)MU0`8O[M+,)5M\A6$EH0CO65+1F9Y/P)/@
M3-^>X"%S]-VE-4(1H,\#%8"JI!E2+&-)?51P+=Y\@(Q#R5LT1=)TF)DL!DH3
M76'""10O8@]D'-5LT1\J,DDJ,=A-+5B1;%(I\4LA7A24.9;&Q"&*S)Y(_YE9
M'&V;&VT9S:G<.764O6%C5@B5J$`#-30"Y/C0`YD`$&4C0)63Z[F9?434,TD4
M_`$;2):-A0$5(-9)A$`/.!6=H,T7A[5=0>;@[<TC@(P-#$&+62B8ED6AS859
M(49,*1+.8X4:%!Y-*98.?@U8+2J?%5[;6>23R22!"2C2]KV+!!T<]6V$5FF4
MB^$(1+F(Y5D>71E7J6'&0HDE@D1'C)@;&HV-.$&9.,(9A!'546DC3@;'T/0E
M"8:.2?&-H1A>G(U=0U82H`7%7DG2QN!<"XG?85P@S@RDZ$@2@(':.(79,+X>
M`1+;V`&&&F&?8K1"(YQ/5F)*"73:8PA@-#5/X_]AQWAUB*5('FILPUI=@RW`
MU:.U'/9$I<5,'\RT7(4T#;.8"W'2"HU,V]11D1'NI5,,C0)B"UNL$8)HAV6D
MSD"D3@'93-U4A1G-',7`#&W0QT4QXLL)5)4Y(H6XEQUQF,2\Y:`)R4VJVS=`
MHVL`7N`IP>`%Q6&UY30MF3;,U<0IUZHYUZRM!EN554.E9;SYG#G.#\S]Q@M.
M7_5=RZP@)'[YB]T$F'."18"]"G+"A<)TW5M@B[C-#`->Z,\04.&L#CG=S,/(
MG42E9V.Z%TR%S!.^(\V%TS$JG3*ATQ;R)8GF!S60YFFJ3`A8Q$_\'/\YTS-1
MWI'AF)#%VI!E'*ZUU<C_G9A$L1B634PDCDLF"J.G(>$_AJ#246"'AH9*0>`=
M24N)^H^X&=2TY(TV>`,C9A("#2-UE.&+VHP%OE;J^>9ZB&;V*0$?4F,`6-5*
M$EC'O":,)2A:Q4N\4!=U19>.7:J.N5JLK<9RE97[E=IX:!A)0>3\D,ZD1$BS
M5=FSP1&]N->?IJE5R,I0($Q-A<\LMM&.U@>!Q0EQ+@OXD`RNE(NX+8N'J(7:
M!8V@N=1ZE8[J_5*0`DBEG<P>3A5O;9^.W6$F!5^D25.+[()J)!>EIMJE3NIR
MW1JI5.F`CMS[16::-6?FF.'PN9T=-<U=K(4W/(T4P0D)PJI5G&?A+<?I$,P>
M_PU.[=6>OBD:BBP=I:"(G`"CL6I3>V8-\BC'P""/R."*6CP-CE+*]:S29X9(
M'JH+-4##1:9/[_@.5PY%\S1B--U"Q&W(6+$5D#77:EC7Q7&JCQ5HK+&:R&&&
MRX*J7=%+LGUIQ?32H+A*CUJ.PWR#*QJ*WVB3.W:I`HX6T?(K61S>V,'>>+@9
M?#$/VS'EPH:@[.V*C4:,%I7&SW08VO(<`^I9VSXK<3RCR<!"*_#0,:W,'P[%
MA*"9:TK3SVK#@&87J]%LS5HJJWW<IAZ9=)Q5^S63/_8>';T>@<VE-KDH-GJ;
MU<ZJUDU,+@H0P+W%\-E1A+D0\44&9(22S9$A+U99;_]V#L[<U_ZYU]K<'>S1
MEH\2+#,2K,\`S+3H1SUPW86JZ(5>6]7]11X2ZENT@1)@D-?TSD8J9B>-DYM9
MT\_:)EJ1E9%9W)#9+,U*:N5QB"YX:XL@E'?DU"G&4^M(DLLH'D?Y3Q96;>8>
M!13.5GW=Y"01'S=1V7L.28Q<8B6)%-U!A__M'$MAC].Y:U*<42EMS,\(A"NV
M13V@Z!1-B_"6(MQJ12BJB]WVT.0(@!+\4X*)5,@XGG2(U;>"JZN5:X'.F,N*
M54F:WT:`W?V`IWU5R!0U360`V,H![,/H&_S&[\"F'.X]G^,*C4&282V")/SA
MR'I"4V\&%C@1WZ2<D0R;Q0C`042ER9#`&(OE`*SPKN+K;(T2J(#)HH]&RH^$
M_$=ZAF6`ONP)7V]:&=G')1?ZK0CZ353+D-DCB@T"2\^\_A'X])O$@NXNQ9NY
M6*%L>%K\8AWGW@U$-,?O3HI,I&V&(4C&'JV]-.M_%*N#/E/1K*JOU:E!EF`!
M(EY139+OW2IH5+#U_6X].$;`Z@TEP\DGZEEVVJ=KE$`Q@1$R$1Y0=-G*$M=X
M0:EWQ9J-/=>.82F'Q)@//N@5\BOR>5(A8AFS/A;I_P%Q4QRLZ`V=8>VB`![)
M&8Z?TK90<"&DOAD)MJV-C5YS9RV;;-TNP1(&OO9EN@W/Z6S./9OH4XFL`>C6
M,45.IP$B9NK<C(Y';B8*I!8NCQF9E$;IIS;S:/5FF*8I-AI54989W?'Q!<-J
M\4*$[T%:U^;;Q3:<1\54BW5,K+S3/_IHI&GFS[`94Y)A'+$0:_V9H<G688*A
M:ZW<4W9%G@S,V>1#-MS*4`.U;3@.8U1DU_20":C`+2"P<(:C?"@9;M(FCW5J
MJVW7=UU##_Y:2^5>H>6I/:G1K4S'VN!PMQR&7Z66F@GJ`6Y+G`K06`^+GLQK
MQZX-T<Q*#@M0^#4B@;'90_]"QB0M[,)RH\W!"G]E3,@P+(7@Z#CI52,68HLY
M[CNN6!P-7^N:G(.YW?U9[E;<PB2P!O(BM=^92@>_2P%<@[W9D<<0ZY'PQHFE
M1E4CZ!M/*KH6V9%IJ4AV5<[]<!)Q%I854"_U9F3`1YL"ZL^H8<MP(.*A)#8+
MA3SFUUY1YN+QWIW^'&*,CLP4'6>O5)!F=A`_\\:@X"3?*EN/TXJ%;8RH&!*W
M(R^NWB6J:H9EK3G)UCLK!858@@:90!J0]LE`@Z8-7L*U6`RA;8L(]6H\1UI1
MZ8)OKZQ%5T+O@K?Z!TF6;\P]=\V!$I*@&8IPX)71MV_#ZF#;MU*.^,3D%^]]
MR-'_(!#K&)XNIA-,;0^[]>GQU8O>P;-'V\V+:!D)VNIXVZAD_J3@B,X:;V*&
MX9Y*0?8ZZ27U^??)?)$`2&@ER=4U7$."`JXML`(K,`(KA&LDM`(C,!"1737&
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M\IY*`8A``6Q?\S:O(I6`$30"+-1(Y,V8SIZKC56>-:R5KPL77B.8`M44^%!P
MU,CJ*'X6%8M2.EG@2%$,FE$[RST6>3!5IJ^7H4>29N;T>`9(],SXF;KS.8UI
M&TDONNL<Z;&GM:\<3D!@<9],([1!Y#0O;R'J!5V0!NWW!17]NT2.J@#1IM;8
MCAVS5B/HP]?Q-$D:CB\8:L4I>R*,KTBPY[*B:KUKSI59Y7Z[O\'DYX4XA`+%
MS!QFL2<@\Y221[D<G#ND,MICC__T,:!&>E`,VW=&YD:Y4W1`QSXOQLBV06YE
MY=-'$!"=U5'$B*4641%=*:?B&$/?B*DQ5,F%%IH>A1YA\7OPKL+D`Y]C2]VS
M:$=CB5U/BR_Q=!;O!^<6WX7JL,,>)/AEE<V8YT[Y949%AE%&R)#^R@:&*OCA
M".'LUTQ*^Q[!?96L*I&\(=-5.[N738B:S!>=)C)=`CQ)U#!O");'<5F5GWU4
M5[F.N<@]O#6@N:]]->I&Q971X=(14,6BOI^93ER_$4#\V_>/8$&#!Q$F5+B0
M84.'#R%&E.AO'T6"_O)ETZ?MV[9_W[[Y^[9OY+]M^K;MV^?1VT>2`ST._.92
M8DV;-W'_YM2YDV?/B#.!$@3ZLN1'@1X]$MPV,N9,A`-?^I0ZE6I5JP*#GJQ'
MCVM7KURI-6H4@"Q9`0$$E#!AJ^`^;=O>OM6ES1;=:[9LW<)KRQ)>2;9D2?HK
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M&-^L=DJ*N'3QT)L`U<<;D%@4#32GH/]*$<0C9\HLW%M)V];==\T<B3J"?'-N
M.Y*$4@XK?)?+%[UVX0U88(5B7/2]6)0HH:S[SG+##8/BLD:;3*V!D%/%_"I5
M5,-(M03C!NE*M;^170T.-8I>78JC-5?K*+.5QPORSZ=*4A%$CD[*&264A#2Q
MQ=20`BHHH7!E%]F<T+NHHH42K>VU1#>J]DW>=&.97D(+G0E?TT*[-2IM9#:O
MQ:*$'=CLL[,;]B/T--RFU^Z\!H]%%C7$&NV[W06M-8._:J0(A>TKJP12E8)K
METSSTL74Q1#KBS"^//[45$PQI;`R5RFTU:B9'?+-H.62(K$RDH)MT[O5C%/[
M,UY5_H8CCDY*\_S$@88<<C69#AHZ*LT?PAHU#5^+M=K;+G*-6B6'']0MJEEC
MLEYM#PH2R]ATXW(U97-35$H/L03;^RFCMCZVV%#,T.T-B>X:[_7_V>_)M'(%
M(M%KYD(:C</TV\__4(]L2Y1OKJ`1BS0`#E)D,8$2;I$4R]G"&IP2T&)&=9A2
M(69CB[/&-BY8H<J\ZB(A"0KTGG(9HZ6&7JF!GDA(=RX4CB0S;H$*W,CT,]-L
M$#1N$Q'ZOI/#-IDK.2LAS;<V5S2B&(5W-[FAB>#DF@YE#T[!HIIN8$.U(]F&
M2PYQRI"PU"S\&2N(3@'1:,!3(M/<3G]E9)^:IL0:FJTD3K6YS9:6-#TD84DE
MO%&)>&1G1CUFYX9P@A+?8M$*P`F`D))R`VD@L[B]D$J"DDA0!!&#H,4]:!>*
MF\L&@?:SJ:!KA5S,5T)`:)!>H8]*%6K)_U(^LIV+[$LISR%1L%J"NEIMZ!O*
M*QF61)1+7V$1?^%9CMH`QI`PK1(VL#$9LYY(HWHL,UH=XDTQ0P@5\PQ%("MQ
MXI7(DQ(6?4=7T-SB'L'9OI'81D>WH5:BZA2<7ZJ(5J&9B46"&4YY5@4UBOH?
M/92@A(5%2@F2N,5E(-@@`A'&D8&9Q&`4HR"\C.ICF[J&-3+(JOZ@#UY#^8XG
M2[@0SJ0/7]XT2`Z)(B^95=,D01$)N(H&1M>YSH4:&E1WWC<V%)$+*[?+X42*
M>9NE">]9[X%:U'RT$?'=B6B_$HD-04F3>2Y5G,@:S2PU$Z([WHI9N6/J5:FB
MCV7>LQ6-*,%9ZO]S%@/HIR!T862!+-$X23R"00L53"3?&AA1%;0PB[D%92*S
M*LJ,K"U-N:J+/#*O,!XMJ24)4D>.E!*PI00Y2T'=AD@W-V.MQ#LBZ4QF,@,2
MTI$)7TTB[+JTYD5\W50Z8)HL4[R#2HLBZXLNL0Q2-#<[K,[V;-IZX?Q(`K/'
M_@IVT?,L;8%KDV_\D6_4R&>D"J@$.5P#H!),J^1(12I)R"$6C1`,7][:2`E*
MKE1[>>`M[O+0"[W%?.J3;'`=`KR02$\\0U,(N%##$JC4L",IB0ILX/8^BA@I
M1"MCRG.Z\Q8T7J\BR-D(U<X)I=S8$#G)B5&7>$.MC4B/*2CA7]$R2C3_K*"7
MPT227ARQ%9LMJ8DW7$%GC-KTNN9Y3D9LZO"+&]+3>T+C/I`JI`@D<0UUTJ53
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M],OH%=,ST\&3MW3SO!A!B38R@C#5?/.F`D_&;0+661KIQ*;@M&3;003XQX=3
MGD"#M(1`LM>&PV18D`/7-O?D2B.40!\;W\<1#RNK74&UR(5&SE.<HLR2([3O
M#>:[0@!6<W@H,K3XKCQ_JLP=8D?+1<U(=.K*YB#<\%<S,:=0<_UF^M>I$JCX
MZ5)OKLME2:5<U46#'9Q:M>?_S+W/`(3`!.0U2:J2S.F,+6X7$=I&`G=A(8G>
M'4AL7^KMGFFE`U,13O]RR@V6^!0^H.YFEQZIC%'N-Q2XX!(EZ#HO1@T?^II\
MV#>6!TYGWF3B:%E/C2[,^&I.MG;1"ZS`+J='=8NPS[,<4!(&D="`W#HJ1[;5
MYQ>46'_V:KDNSQZ]WG9JA1!+6BZ"I+6>(0U*PB/@M#/DM\SW/M*L:GV7/.>+
MSO^^_O;F\B3(W,9D48*E"Z?W18H*8PU](+XC.OC`BO#\Z^,R['>*G/)$'[PB
M-]#E.02,:IX(C3('IN[H1%"G,]R"-.RF_RQ0.-`#=Y""OSZ(S"[J`LUF-62,
M;QBA%0H`K&RL`$R@]PI"H/RB<4`-+Q)H5?1*W\ZG`D%0CV@J=W8DC+8O^I[&
M"L.F;\VB(YZB+@>14"J28DA"PTC&9&=R25<B*PD%)GN(:U&H(0W:H(!L3`G<
M@"V0HD$*)._F[1KNBH&,[]Y0BI6H\$QBI7FN)U;0Q4.TBIG>Q.SR#3GN+EOR
MQ"(V3X:TR?*F!)M^(WKBJ0T1$2?>R<)<Z'I28J.2J![(R73BJ-^**!&O(WL@
M#1J@H=RX\#[R8T;<@G%Z[)&\:R^TH<E6[4)4+H8PD3U21RA`A";X*WMPI`>7
MKR.(!U=2I-MD!K&,8D:LZA!?_[$8<T);4(/C5BFS9.-9"BT"[\O,GHF<C-$J
M:,/V:`RY:@S^[@Z[""3G0$TO\"V!5"TNDH^%"J+[JI$JQDB-KJ?/8B5*EDF-
MK$=KXN@!Y[`[;(I"ED1>8,L>"['-^F4="5()?Z;H#G)MJ&\@-:P@K<(CL+$1
MXHZ0"BG=6K!!&&E!'&@;)*,N'&-:+`0T"$7V'%(GTH6UE"VQ3N*GTL@S.&)$
MOB5//"\K++%H@NG+DJ8D=5(JW.NHOL4S5$(/@T5%+G$G<2(W;*\1)L4L4#``
M\B+^<BXC&4D&3P6#,,72AHY"R,PH;2(.&2]&P-(M'N\K)%$WF,=#^)%*W,(=
M9P<?H?_B>TQKX`21)+FR+FVB0];R'=]D6C)#$TU,3612#S5,2#S'+I6"`%T.
M%AHA"<ZM+$Q`!3J*@4`EDC;R@BA'@P3O\PSS<U+*)D$/F!32E]8,L6B%S5))
M.J)/LZAO%@E+:_"KUC8S-JF"6'3HZ?:2JOX%M[YI)RVO\5PN#9:R_01@!2^!
M7KZA8\A0&Y:L+FJ0XF8F&66SS<"F#[VE2\0';/R2-E3">UIJ>JQ'XLBH0S*G
MFG+&(NXH4`AE.X@Q.MFS*HRP`?50M7`%MNH&A^Q21?R2;V`A%I*@!!2FD-#-
M%G:!("@C8S*R02`C570A\*A.FTAC/=M0$&,$+E!B0K_G>IK_:)DLC!<M3Q\%
MT>N\2%R&Q8:NB);$9CHRC"[;<T6O8K`ZR$E88RWK\V1DA(Y8P^D:\D%S4"1A
M(XGN:3^+0.::T@3<0"O_H8&TRU3*$=_,<:^FDVAPAPJ7AG9@Y(;$[B)LPR"@
M\W6&:S;R`7BF1,K`M/*L*;%08EVV0YM<I*.@IVL@E$7AU#IJQVU::B-<)TPK
M=#+$#9WH=$^$:B^EAA[/STK%TO88H1%"``7O8SY8<$KR+B]4S9(N*"NCM$.H
M4$)7BDO1$S-RXX^,9Z\:,4:G)8VF<XCL3":FR5CXZZ/2L81P,$YA%6^.<&RZ
MQCB&2,NL:E#'!'S>SF"H83X^$2W4_T`2A)''<`XO#"<5DT^BINK51$^7I&??
MXH@UO+0L5>)FRNP`5<DR2/.C3@18/.^Q9.B\9BU6S=6,5"=<_`M#[=$R^FTE
M&^[J,,Q.G">.WA2KSDY%KA`+Q0*YS&(^;,$I\([X',0R466\>"7MS$O:#O"5
M[NP`L0@]"$7L$&MJ8"\DLC2%2N<VCL3K;$4SLJ\HVJ6C4M7\VE-&"NU<EPK/
MSF/KIDQ68(1&FFB]K"1)G+`SE28GL:IA7X)J;`]AC""L[,-AC`-)':C>%(=D
M^$-%]>CLVB8ZGE80<VE:KJ=-!LQJO\$K",U[[L0M)*QT."]H?B4JAE(F1HK*
M7M422T1EV?\6UK),+EUF)MK&).AH3,QSBK9B:D3D+<K#6[QV,J;D+5:$?<[N
M6E.D&9/27VNLU0H40?.B55C-5>A6RYC63(KE<J&65$4(3/72'<&G\:"F0\!5
M=.L%,_8/)Q7229+F`UFU(6*J;6'7^YYV9*^U>3B.*7R%.OTH-TY)('@COP9N
M<T/D`$%*9[%#-(:$M_"V5^$C@!ZEQM!-"8P4+A`40J;E<?--<HUJ;1^R,R_7
M>S&,3$!LCEHR3"G#"K^T0LWN=<H#2[96Q>H$79"BW_@+/)XCID`(>H!R7Z@I
M=OT7$5W$LV`KZIKB<,>G$>6'3K0*'S0T1G[-6P2U:A%.)O_O8:/AEGC9A5\^
M(X.[IFU&R5>([DYLKQ7:(/?JPRP<)HW^`>?$L6)0S3F-%+)(RLM^8K+&1FZ(
M*2%J![^6I$HH]$A`-23."67O!"6B`WUI8T?>L2+*4[&@@HQ6]4HI4$MW$V*<
MZG^Q^#Y!25G\ZENAU#F"(XDR(E@V3"7H-VI4"29>16YD"T6Y[(V[C,OF]H7&
MRQQ]\Y[:(&':SX`$H[D68RX,Q]ZR4KT6JZ242N.XJ3SFDB*6YELF5F:.;6\/
M;$(QDT7\B-`<T2(B;!\>#6IFHG1V9M\XF(>ZB)8\:8@,*X<X,(M9_]E_A^:(
M<'"Q2H=+`8PUM"'R9H0R]E1&SK=J@`J=PH=K`6R8&W05FW1:FG%?X:.ZOFJ/
MAU,-]L-8'>0:`F12XV(EXH*5.DMZ1"?,A$2E-+B=L--.0-+`;*/$N*(L(>QZ
MIB51&F[!=.544RO[;F65W22Q<-!D9,TX6[F?_=DF\O4A,LXU+0IWOHQ5@\*=
M"4TDSKG`J"<?\*$KWK=:FH9Y;>\K6H$1!FEAO)`ME()3^*/)S!%AY5?"PI([
MN3,[?TIJ)D]KFP5&UDQG6*CLQ(PS@X:(+'D\/ID8JTT0N4-0A^F?A7JH8TV3
M2L@UGP);7*@!B;F^6`TSATXVE/FBJ?KV!/\)A8UT(W*.^):IJ[B"I1>06MLH
M4;@YC9(1)GP%@I4QT%(W-.Y'6;IF.R^*LA3"M-Q+?SU3'8EZK_D:7CRC)8()
M.I61DD<"F>/"CZHZL1.S%8H`/Q3I+2S-WIP:^MS&G0JZ>+DFM785MF!J;EV3
M=T1+LF[2IF_%LBJWKU$[M=O'KD&V`37(2;5BJA5[MA>E#28%/]I*9+"29$"$
M,"7+B^/I7AOBUHA(Y1I2M9$[N:=-;Y;F=2"W0AZ-M@&($SDQTF(AD"*A%:X[
M&F:[41CS@-Q`''>;U5HDI'!Z.GZC*2+6MOY-N=W[O0>564*CZ)#"<K3!Y:B!
M'JA!,0]5+!I!!8S_(#B%TU_)H@@:`182&Q88NRS>KRZB^K4<N;WA>\(I?"?C
M=P(KU+!IHR_H[5-,P``&G,"9<M(,Z("\T`TFX:[<5[;A0\$9<_>,H$BSUTA;
ML<)M_,8=4D,$A14E"KPB6QOR"075H@240`WR(\5C."*0;S%&4#];X<4#H`"\
MT'PFZDF%&\>Q/,O[S[Q0#W)A&W$NZ+VPN3(0AW)2T7`D)LG&4!*T.TKXAC$C
M102F_-[ZY;2U_,[Q7/3(BUBH[LD$#_DB%S-7\;67C",;0Y%J6PE$P#[.XOW^
M:1#Y<8:O/,\IO=*_[D26):78:=E.@FZ'"9L%[ZD-FT)H<#$:R"O:(`U"5P"Y
MU((%,6?I@,C.+7W6:?WCTI5;/HM02LF8"]UR+LD:JJ$>8HXBAS;P4DE^M[+6
ME7W993/+5`IS]@VJ)T./`^`+D\)299W9M7W;2])N.!O2J>Z]0(_;R?^]W,T5
M!R?=W-5]W=F]W=W]W>$]WN5]WNF]WNV=8)(``/1]WP'`HWF"!/3=$A`BW_N=
M*MJ`!!;"%OA]WR/AWAW^X:5"X1OU("1^A0%`X)4"`)*`()+@X/7=WPNB!%+@
M'XB@#5JPWR6AX/^!X/G=HSL>X`%@55A^WSVZ#4H@(10>Y!-"&V9>XV?DX-N@
MY4N@Y:<$`&R>WQN^Z!<>`'Y^X4W>XA=>YR%^ZE$["38^(2*AX'5!Y6'#Z`DB
MZ!F"")"`(%)^&R+AZA5>0Y(`X0TBY_\![$\^":YK&P`@#;Y^Y!%"&P!@XD_>
MTO;^(%)^)FS>($C@Z8N^]^A^XO6^]^3`Z*^6RQH`0!9:,.OWO5%E@>79GNHU
M7[5M@>7)RD2"'@`:X1]*X.F#WA5#'N\MOE$57A=:<.B-WCA.O^WWO1%L(>@U
MI(09PA8HW^AU7AM27M^3_NNOGN,-G^X;'OFU8>C;`.1[GUA3H/B#W^BMH05#
M/_(W/_NU7W\6?_N]__O!/_S%?_S)O_S-__S1/_W5?_W9O_W=__WA/_[E_W_^
MZ;_^[?_^\3__]7__^;__`>*?P($$"QH\B#"APH4,&SI\"#&BQ(D4*UJ\B#&C
MQHT<.WK\"#*DR)$D2YH\B3*ERI4)220I*`D`"9@`;&T#T(:B-I:V`$B*J`W`
MRXX]?[(\BC2ITJ5,FSI]"C6J5(@];1$D$<GGU:$`(DU,`F#;RJ),JTX]BS:M
MVK5LV[I]^[3$T'^24M`-*[#GSG\^M[4!T)6@MK^`DU@-"C@PP9A[!7H=R/B?
MMIB`C2(<7#FHU;Q@A6XV>#.G9,(D/A,T._"Q0,V:;9&0:1HS[(/:2%BFV_A?
M$M&V.K<Q;5!2YZYBZ9+0!O:QI-<X<\-]#CVZ]/_IU*M;-*OYWS[%NP<";B.V
M9PF!?S^C_HNPC>A_Y5?7O"M:6U;@Y''F+:$U:.F\@)T+M$_6/]LD,9-!KD$&
M@!L#)?%33^_!)Q!81O6F54$W;1;47&T,Y=)FO<TEF'T"#0B`0#&MUQ-X_-UF
M78LNO@ACC#*BE,1+P@W4TS<]%1?:8@#X(Y`;B25FU%_%&638/[:`!\!.2?(U
M9&(%$G33;=EE=:1D%18D(F&`14*?B3EI,UZ2ZKEG6G>H+3CE:1QN$TF#0SD8
MY8,%T3DD?Y]Y&:5_,_X):*""#MIB57;J)DD:Z_%U&Y9\+7I>B0F5L*.2#%I6
MHT-(@&C6FDH>ZMZB(\;-Q.)`OU&JY8T"W7)H"6-NJ:6HD*EG5`E9[>5I0I$-
MA`1>N_XC9):$#DMLL<8>RU030MT)V#<$*6:BI)1%*1IEJA64780@ZE:GL`L.
M^9=1TQ*)D'W;X#=D$MXN:%E,(9J&!&]U*JCK7)[B^1UM=?;W:6Y\`A8FL@(/
M3'#!!A^,<,(*+\QPPPX_#''$$D],L4#Z:*-//MG44P\]]&23#\<@UY/-Q?I4
MC'+**J_,LK'^Z`.S-B%W[#$]'-N<3S[Z`-F0S/J,G`_&&`<M],DM'_^-=-)*
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MVP2YY[EO@`0L8-BNY[3YI6\;/%O<[K21/Z>T_2YGWTO>-N)FP`QJ<(,/P]C&
M)I@/6^BB(4#RGLPD6#=Z?,Z"'&RA"U]X,,:9#&LATQG'\B'`A'S#=;NP!O&@
M-CC6U0^&1"RB$0/EK!U.;A>VV,4M=.&Z;R3Q(;J[V=8&ESQM[,,?.3RB%[\(
M1K8D3CL[3)X^7K>3+79Q(=O[WO&TY[HUAG&.=*QC4YS5P*IA<%T,<=;NZ.<Z
M;]AQD(0LY%&J)L>)/.^,NTND(1\)R4BBI8&2@:RD)2^)R4QJ<I.<[*0G/PG*
M4(IRE*0LI2E/B<I4JG*5K&RE*U\)RUC*<I:TK*4M%2;(6^IREWS#V,D<R<M@
M"K-BOGS9,(^)3)2=+&.*&TCDD@G-:`YLF3G;F8%L@4%I:G.;?Z)FZH)GH6U8
M8A;:X:8YSUF=G<`L=3;#F^LL(0O7H?]SGO1TRS+U@8^VZ4P@.QR<)$I5SX`*
ME"E`BM_3J@$S`6U#%@8PP35VP11@"H2+_P#2%AE"44H.=*.CQ-C-#/>X;4C"
M`"$PP;82LC.38>QT7/3&%AE(/GU$#:$I?9E-8?:R@]8C9E>[&OG8Z;&2^;*G
M/MU8/F@*,V\LLZ(7/1D7@=1,CDK5B]KPQT=_1X]JV$(.`@A``$+@!'KAM*8I
M7>8'T=;3B594,M=37='*^0^S.2X?+\/I/[SACX+^D&-CQ2M!O+&-I[WMEVOE
MV<\X9CRG)G5Y%V,IQKRF5`;R<:J4Y=M3_[%,KTGMJEBE1R.\ZE4!F."?6Y2:
M/`U2UV_NM+#_3Q6@/WP9DFP6A'EKS5DU[8?9?8RQK<`3H``S9MO5%E8?+JWJ
M3C#F4J5BMK+,/=IQ5?K#SAJ.$0$00%<#8();W**G>7VJ]60K(SQ6-*%`,F9W
MRVI%G;46K@L!;W/?BZS3$7<?D7TM6\T&7!1*]W>?#2UV&Q,WB2+L;@EE+5/K
M*EBRSK>JRBNN?%U*4?A*."T,GF]]GPMAF)V/'@)9)%#W"V+/5A>T2DB:;RDJ
M0,#A3,`3;G%;OL;=@9PX?M7L+E0QNT[]AAAJG^UJ5TT@N_(B4CN7A5G;+#91
MR)+OP4M6WG)=#.6(M)2^9[3O8^=+6ZV-3F=;/&]>.WPU@@S9=!>S_X4L8!&+
M'7NL%4DPP8B!7+FE?JV\!`%NU.@JXRCK>2).;>J!XSJ0F^*M:C>V!_'<UF$Q
M/WFM!4Z(+=S@!A,400E)H`8TU.S9$KC9JW!>7^+2>E&+&B2J>W9Q2_F):D#'
MM6H:KF%"K2EJBXW5:#P3L$:IM(U'2P+-TFU$&F`!-5BD(0EO'B#SK%D0J*:V
MFBE=ZUU?.F66TO>BI3XFK0E-9#*">:FL+J=A9X;H1`NY@7ED+T;VH3;IQJ(1
M)2A!(Z!!C9I!HQ5I>#/EIB=D&:]WD6T-=SE9G.AJW_+4JHZ;P9FJLYR9-]#>
M7F=:G6IN5:OUUA7):6>A`8TDE*"K24A#FCX]!HU8U)O3MK@%]8!)R76.[M43
MSW:1F2IP7CY/C:VM^4`2O-RE:I3B*5%Y9QO![A$+(`3OOC0TA/WFDAO1F/\Q
MYVA=29UMK>T4XHI>:LM58G'I@G;$7FUH(VK6"M":P`T`K6.CF[[**5_XOA:N
MZ$>YAEF;1SS1`$=)UCNKZ>I>=\1NL`EFZ1$+$[AY[&7/8![IG&<<XWRB6_2:
MDBOLX,FBG9.L)IYZ#Q+J+K/TKLYN"@)[S0JN^U<)2C#Y0+1AB797E_1$[+9%
M6;TS0?+LHS?6X^0K"7DJ,_"XY;R:V^2\7#KS+&X,C(Z&02]Z'PO>[P79QS8F
M`=KQ1)+GMX<DU%'[]\/5`_.]]]JBZ]Z4TNX7&D(O?P`D<5J$;.,6)C#"+B1?
M_?@7;&?4)G-=.P^H#_\N&DI00?*]"FGPARW@-TC_UW-V!W%CP"=_E=-2C'5<
M3`9ASJ)B;D-SNQ5PB69U,!)=OS-O;+!U7$=Z`MA>L>,\)<@X)VB"*=@08L&"
MI9,WK%9S6Z1@O+5R]'=37#1G`^$L&+.`U+,S-+9/N!57=$9U,J(-VJ!C3S-O
M;6``>F==0I=^.N2"LS5F"K$\"(&"65B""=&"75@Z(O@P!S=%R09<EU<]I:-.
M/8@Y5Q-A0OAO"',RG"4ZL:!Z'UA=EA`P,N8\57-<NY-<]+4-@)4^@[A#DD$^
M6:0\CL=8BJ@\B`@Y+"59P@,:7TB)7FB)E8B)8#@HUZ>&8G,RZE17@F9,WH0S
M=%5359AO?49]^2=3G25R_TGPA#Y676Z@!J]S$"R87'>5@LOS1Z]CBSPB&=W#
M2(4H%HQS0<X71_5S02WXA:?5@H,H/)I($9=XB9UX3`=7<%#5;T%H/[6';=,D
M4TGH,=0`"VT0`$WH7P*@:4VD@R<H6;76/<ZG129T1D=HC_>H.X.(C_>H/=QC
MC_W(CX^819+A+6(!)`)Y.M&8D#L1B0VYD`*2D!%!C91HC9R44=FV:`-!5!<X
M9&459K!3A9W7;<5R,B#3:T50!.87`"+@!HY`A4#B1PHUB)$S.;UHDW\4D!9T
MD[V8CS>Y0#RIDRS((\PXA4=2?!`9.TDI/`SYD)'H)VJ%?]5H?$7($!?UC149
M*/^Y,7.!1F@IE7#)1C'%Z#RE8V2NB'1[IW<FH`11*%D[-(^M`UCTTT;[^#TB
M-#AW>0VWH`U/=`V>XSEV29=MY(A':$'V*!FGHSM61I$**19,.9%.N9CM!9D,
M28D[(7QK)995(XT?X5IYADAUQ5>T9CKU5U%CB96;R#QYM3RJ65B)\V$RB(-Q
M=UDV9H.`LI4<B5K]TUGQE@8F<%W6U54AD`*#0R5G1&3.MT.("4?I8PV[\%#-
MV436<`O6L`W4"3FZ<#S9*4+/V4/74'*W8!,E)YU[^4:VL)=]>0T_J9-]B).0
MF(E?^)".69G-V#KUZ3V)4W=B,9;%<9DN")(7Z!'85E>7^+DS-H9C0%4/-4=6
MU-9L!'B:U&%[VK:%3'5#X'2&FSD=4B0@2:2?6\@\D6AGKM@**>E?G.8&;T`0
MCB<@^<A(OFA"/=1#?DF==TFC-0J>)5>C.4JCO;.=GJ.7?MF7UH"=A/F3E-.'
M\/F.29J0$\E[C8E_!R%%9:0[<LE"M[AJ6PB3S<,\4M0\(V%[&&2"=08\[D4E
M@"9>J__XH"\",PY*+"F8A9^)9#=V8W76BE@%"ZU0`J"U=UU58@+$@I(3B,M(
ME],9HWVIHS0*3_#D3X?:.8=ZHS;J.3":E^3IB(!$/['#I(RYI)38/?0#6,M#
M.;JU<PDQI:X3D6(VED.FJI)%E"I!IFDZ(VI79<^E9#;E.(U&:,^32\=Y62TR
MD3K4I2XXEC&YC*Y3IYW59NDX8J67)8T91>0CCZ7JG%!T/#0*GH]ZEW@H"?Z4
MJ+*PK;+`J.&*HS2::T=HGN:)B%VXJ?=FE*?G3.]:4?P9B1IE>_0E1=[C-<?H
M4B;8&(@'D0_D//M:<!+'<%]HFK`J.\]#,VXCIUS9>P3[')3_Z85GR'MI*"#3
MYJ:4Z'/(J@1ZNG4JT'<I>HB1<X@UZ8M'**,\RJB2X*WP!*ZRH*AF-CC:"D__
MY*TWVZTLR[(YBJVW(*G4FD4_>:H5*UD2ZZS1>+1B&4BO0XPG.$9Z2$;3)DAE
MY*(T>8(-Q()<I$5:]$N"!(R%Q4_ZB;##9(DP>768BJ3+98D!>X)_N*^?&*)8
MU0KL)HL^UE"WD8@;"HC=(YB0HY<]E&O7.JZVL*UX.+.6D+-R(`DUZZW;FJVV
M8+@P"[G9*KDV:IX0Y)?I^HQ9JXRWZ*\NF$<?*FJ-]XF<=Z]GQ+9>^X6A-H0:
M68+&^J$;:J8F^(>86&MZ>[!C>S`,_V9ECB4\]Y0Z4V=S=#:&T^&D\PJVJQ:U
M_.I]36JPMI>U6JB%#$0W^U4`6[=W(>`&UY`E?@2):+1`;62>WIEK.@JSLG"S
M+/NR=[F^>)BHBWN^A*NHZ#NY,CLX-VJ//OM00)D^([*DB"=/Z2>4+CC`6#LY
M3;N?3SN$[KB42-L]"J6?JSDBC/-OOBAMK[NIB49;*1J9'7%/;*J[)E%NN$F$
MT96@K?E+8R5H&1D53,O`%.>%B.1X*,A/)PAH.R%(J^ED$HM9,UR"O[2!OV,"
M&Z=W_N4$DP!1SD0^E<@]0OF3/WJNX6JX,PNYB[NXEK"M+#N_,KN^5\RX6#RX
MUPI!V<F/4?](F18"E3PC+)^+M@WA1V=$P5TZL1;#/!>E11=[0:L1C+*WA<=8
M3J(;J*=SM3`EDKGK$%UT3X(E;JK:>Y(U7VT8PDYA4\:[NL,*EI8(C(TY.63)
MB"<#6(+\P"U8B,+C#1,JP<JC?X9##:U`7?^G!&I@>F7*MEQTLI5JKMO`O8$K
MG3@*GEDLOS?+Q?;+ONZ+N,4\./3+J-OS1+>PDWUXQFVLE`9)D>HJ6V,&-Z=3
MQ[<8DD5+C(4X174\CZ7C?%EXD-\`6)KY;V.YKU_*.,1KPZ.6<Q5UD!D().=C
M/$"RJU_V9:\:R2(<BB_BIAA$2<[R4L)#K)O'>QE<.@1=@H48QUO_"I]\F*HL
M:(P"LK&BL\K4]83^-<27("S2[$Q2I+HLZ)8X>9?7::[B*JY9C+XMC<P\"T#K
MEYU!FSXAZ:XCL<'F%I/%:W"DV7P6W8B,,T4,Y"PYW#VI^FQ^],/>+,X!9IKE
M%9,5AZ;]#!(5V\!6_6D?Y51T]I_<YQ1S[&Q35H*7);;J.K'/VCS.]X<7A&*K
M^SK.I\-Z*[M;>F,R,WY)8`1Z*HMN$$]@28F(I%M+2;)S69C3:0O/F3PJK=B-
M:KG;\)>#,Z6EJLG<0\$4[!1JE,U&$Z9CMJO-5V44[<*Y=$&4J45&C4B?+5^1
M>*55B*%4S19`$C7TL*9P)7S%Z&U(4=E1_QW6#:EJ%$S2TY9&TE:9\E1"`5M.
M!FF,GTS474I\%&S5<(R<J"R.(-<&:="$:!D`I'<+X)5#S>/=4F3#Q8J3<`1%
MV-E$=RG3S`Q%SLE$TZI=.-K>NK`+NL#,Z^=$3%2>.*F7^?BOT0%>1?ULR[MJ
MI9QX7;K.>X'.?B34]LK09KJART/!201QV.C::L$S%UZP.(93Y,;(5P?"$;&%
MEHV`^OD\Q3'.L]S4@':,A2A(_1I':HN[\B3#F@G7>9N0`E2\98E5U!`-@4?$
M3BAXV_H0,Z=VT+:<.)F>Z4JDVG`-UH"/0OJ/1TB=UD#EV>GD3BZ748Z3BSEF
M'XX66SG4VB'#:/\8B"]UA2=3C,:HM>-,4=[':DG$R!%:X5&!@U0#5UZ.$E/4
M15GXAP0=MFC(>>N<G#/L9`_KPNE7ROHJM:7)/7%UA0[NPJAFVS!H4!PX;!X+
M6I`&XA(:X4+)DT1JRP]DJ7_$O3;1G,VI#>_GV*NN"TDNV=OC@I8IH7]"6P<W
MD@Z.9._:A8X7B&14'%.[X@=LPTG$W'/><_$,?->V3EQ#KW/'%*D*O0N]5BY5
MIH%*-9OJP@F\U`("6$K$3_A\B('-16%JBV\.IU#:A@"NX[_#X_V5?()W;Q<A
MPT[%JN/=DT=NGS/9D_H>ZKH#Z";.SW\".P9G6#U\I3I(9)EIT5%KP?C_"3L.
MB<YH'ID!;^P0(>?D%M8RN%?!4U,V96-?UFR<V!$K3F@0#7%0%4>OZZ0R#-X)
MN=02'-"YFMK.)ZS=+I:/SM.K/>X1YKU#!F+LEJ=UZU5*AQ'ZN:0F6+0V*=E`
M&91^N)-/+[8/R<$(\Z4<.99R#(G,S3W>'5=1^JG>VX)R+K+./E$B7_$7`5P'
M^--D#Q)>*'RF.?"[DTW.<V.:/,AT7WR^#=?/)M8K#FBJ>\=NR,BV/?40.Q"5
M+CJ-H`1N)HNA18L=H9DHMJ4!K)RBSN]*U+;.!COCID;.!F&-N><3$Y-0W444
M/='CC)\U[-M[+$/*(S0O)7O/R%OCT];=ENS+`O64_V<?%=\\A<X6I@;+M#*6
M1<:(^4L=W@:+YEJ*@L5([=9#^(H6X10\M1@.$>LN.G=*;"5:78+7^_*>2WY4
MRLAX1G'II*3=_:VUSDM+_DJTC+]/A4C3K.<?B0`>I1;L-?3UAD>I@^M5H*D%
M$/3HU<OWSZ"W?_X0&F38\-\WAQ$E3J18T>)%C!DU;N38T>-'D"%%:MQGL.2_
MDPD-^DNH3U^]:BZ_G4PY<B3$F2A1UORF;^:V;2AG?@OJ;1]+?]OT;3/JT%_)
MH_L0#O7I$Z&V?_K^!0T*-6=$E@V';GT8MF9(??X$KF7;MDV(``+B!IAK0EO0
MD?MF&IVI36K);=J\;2.Z#__K7:"!$RM&#)3H0Y`0;4ZF7-DR0ZX1_6[;I^]H
MPK%#"3/5J[BG09R0:X:]W-KU:]BQ9<]N+=7?;=RW/6O5VIEMOGS^TB+E_11I
M5N1G;6;NRC`U1,5"_UV=?I0YX91,@=XE.OC;S+^HH>K=NA>U2G^IF3\LR;IU
MVGIMY0MLI,3$7+IR34B:%'(H^:="2^RN?3C3IK&[#B1+FZ3(0D^GDR2C;4(*
M*0PK,X>^2PPESC@S#JJ&"N0,PO,J-/%$%%-4<46=6IS()>!<E#'$R_Z3+"R6
MH-NJP*6>,D@;\-:;J4'DM//)(9I0FDHJSHB2D$:MFOOL1'WRB6\^MF!II`BZ
MYI+_2P`EW/`H,ZT2^NNQ!)7Z)L$#!TR33005Z_"YWEBT\\Z.@GJ2(2#32\])
MPH"\:ZKTF%)-.CP357111AM%\;FS])+TIZJ^20\R[,JRE*PFN4I*1Z$,"VS-
M-<\LL"'6A(1L511=T@?++!M)XKXO\RM!"0<S`O`?($=[3,XWY01*EP/3%#:Z
MS!;BS5%F%PTK2A^Q@HHS$%D"<9\"K]63(4F;]?9;<%=,LD7E>,VGS!53Z_8D
MOH[D2Z]+0^V05UZ#Y`PAA(PC4S0?N:6(/*B.<X_%HUZ%E:U90Y`K/[J4L.46
MDB#""BB=_+*8,8RUN:987:RQY9J';;%%FY%+9JS8Q4:;_S%<EDV4\#M+O_&F
MI\(T_,Y/4GWRD3#G6O;Y9Z#S3$JAW(H63KB7UJI'&ZU82NO!#S]DM:/G2%QI
MNE#_*TK2`OE"2L>2@,0L6\)RFIA>\KYB3\=MXIV:T2JO/#@))13N<F$3W(`8
M(ZZ:"LK8[3)NTYI=K-'EEEL^WD:7Q0/;99M;(-_&EFVL.;9'DU(+>G/7O"JI
M3J^R.LVS;'/B*BAKF^)\==97]UQ52U^*[VFRV`Z0H;`L+;>B_R`L*;6)3R7-
M*'PE]5.G#CWDRFS2<,9VYM\G`L\IEJO,YV"!8&FEA(6]#"!OBBGZ^S2N$-.+
MS8PG3WR7DD6V11?WX[?%<)+K9_\<L5Y'([YU_FV2<&#H-&@H0/+&4XR2E*89
M!D8$J8=/KD6BOPPM*OVC8`4-TK8(8O"`&MR'E?+!-`D><",IT0UL("46R$"D
M,YG!29G(0RU.%:@[95F;ODP20Y5(!S#TPN#Q5M:L!6)/($4H07YJ)0`W2`(O
M$_F;4`+5M<`$ZT#LBQ_)/)8X^671?==@'.4HIQ@>8=!J%B3C1FR4I'OQ9H7Z
M\(M1+&80&-$#.$V#6D(6(I&!E5&/9?R@E5S2DG.YZH^\6=:R_.4:=:$D=V0!
MD4]PTB"_B(:1-VM;"W<RKXE]ATF:T]&--I6AS?7$2D)L1".\UR4E.&R)$6D/
MIY8BJCC_)>@6NKB&X;@XN9!I,7Z)X^7\O%BYDQ%E>6+;8S$W0BC)Z$5G>OI+
M\;S!1@^R<42F.V2_;F=,;`8M:@7+BJN$PR."G.LVW;3>:5ACG!SB3B3);-&2
MD).C3WWN5-$C7C.C(BFEE"=FEY+2#4'G+[SL#FAQQ!XTH&&`(G9/`";(6^0F
MHI>9-<DGVGG3@6ZAC8O.#WZZS*(L;.%1^7D,?O83%I,:)-!L8C,GVCKC::[U
M'Z8IY6GY2F=*;8K-<^K&5>1DRR`%:29!^C0M*'6(E%+3%*\D1GB?NMF:>"6\
MM>GE9B_,"K9^<KNIK`HB2]H3!65W,&I`HPVF5&C#W(`5BV`K_R&+00Q1[L)%
M+KJOE^Z3A27J*@F\XM42DMBK7;.8.,E1SEAWV0H_;WK8%*[*@,HLCZ!H)I6>
MJ?"'B*4L_WPT03PR;2`"F:,^\"&0!AXM+:-MR4I$BYRE["@G.6)(G7R%UH.L
M59'8FJ>$/+47;'E*3UV](69!M$<V"I$:I;R;EQAJ"]Y!-G],J:@V#/?<^6$Q
M?G45&4CE9UV^@E2Z]1,LLMK6G#Q6MIB]N>:D'MB5GXPH>J`2;WOU>)S6/A-=
MK1UG'`E"R)U&2&<]N<TSA;F47CW&:1<D$%!>.$,=W:4J69/*)WO+ML3RMHQ:
M$:)`H&$"[I4U`)*@G*YXF*T$76,7(IXF7"[CEUU;\)7#*T[Q1_WJ40[+;W+`
M#-R!=L@>]]KT28\EGH8*J\'I/&:R.28R-C'K(HBPL6DNX>P'@^H2&+KD-J,3
MSE8\I<X?H6TK/5KO^9#$*:S!-[S9K(?<8!4+^W0I+@MS@QM6&9&@3)1G46Q3
M@MYG.%URV*.6^&B*\>IG%O/5?3$.V8SOAYCRM`V%139FM\02L*-`!VRBPQ0C
M&?]]Z7!)>23HQ,Q6H-<0X,0'.+H)I*LNQC3Y)FBB"LH,5M33$_)@QD=[BEY[
M"2)$:!!WS?AAZ)LMPIN4;>>B&Y-N_/C,8;O>]<\P!G1U6YQ%*WXQ6*6A%Z:S
M"5-/^TJM.\3.D*[V-FN'VS7;]-$Y4R*W,GL&@F!)2)4=B$?4^H-I:U1*AX(X
M1Z4`I]1)1@F#E*3IOQGF3#=<(CL9'=P*QZ(`:KY;"`+#MWKYRB=I@M_A=BDR
MN^HYQ7O%*W7E\.=`'_OBE'O<_;8S%&L=4MS\:V5:&#1@\O)&&Y_UXVCUM11-
MDWOE.P^)0+%ES8*-\ESYVE2^EG5C5N$D0HEUCF0@<AO_C`WF;TA+-QL[J&^7
M;`8H2OZV=:J<<FO[I,+T:`2&=UVK24@"XBQICA2MH;&[=-1]=N6S+*AKBTDX
M@L4>!:EU<QEW:P0>8VH"2GIBS?/5Y6A=V9K9&_V"CRL1)'^X/8^!:HIXS,M&
M<QP![V]7BCS'8,MB,E1G>P2N%/\^U4I5%XZ^2[U""9*%CG0L\JVQ!XM8I(%A
M#'.#&CC_8P)1?);%EJZ*Z\IWCNN5KG3OZ]WE2DO&#<@TO\T\!8^SU9T<A#Q8
M`0Y6Z!B@OV"%-=2O?OD55;4A:4?(#,EJ,NMM7J=GKFF$?0A>XG:NV%U/CH&D
MZ>P+-F#R&R_;.QC<2X+=^Q(3_S""[\`(JGBL&@N,C=D8DM$BOQ,T2:`N&,NN
MNONKAW$NY^H8E#$P`M(.\],CZ%B7GYB4Y,&:$FQ!D6":EXL9G%`Z5B*1;6FA
M(0&1-EH7`P*C)E$FF7F(K;(GB[$1O."OHXBDSU$TI#D7.#(8*VFE&T(*I("T
M?NF?HU"+"BL[N_&>$A`9#S.\GZ@SQ7@?,YPKD5$Q/^LS#'PVO]LERS&96]B%
MR&$K0QDCHG)!<.'!F&$2(<0Q>-HV"-/#S#L,>C%$!K$YZP&M>H"*W>@,ITD3
MXOFN0SF+[QB,%)(4[_@M/Z%$:NF,4PD-5`F1S5L)"3F)W<@*I/&F;A*U<^F,
M/[J-*?\IH00:,V^1BK@AI20HHMW[GC;+"#WI$%$1)HRQG&O`I>O*HKYRL4"[
MN,C1!O;!J)-!&41+C%.4,$+TF7BY,0SRC(DQ,)C)1G&DB&1BLOVKH[&X&G2*
MO;)8C)U8PLZH#C[I#@,#LZU:P*N:E_58HI3`QHDX&D4;K:PCCI<(I*Q0BGC\
MMN\S$V]!&ER#A5D1`(DT+B4(GXKXG4C[D^VH,_9AGXU2QAB3A8[K,T+[J^?J
MF/FA,\!Q#*=*(%<;1\XQJ@MR(">!#)H"13`[&YA<.=.#(Y4#M?P*D:BA%M'X
M'=+`BZ\!$DW"B6$:%R'TNGDQ#-#`,NKQ-?\IH?\[%R=LPM?_4S)U4S=9E!JG
M1!&_,!@A:H,D@`N&"P`EX#`&E!@K*Y"8"IRW>[N/X2AFF[LWW"5M8)P1D[Y@
M,XW4HC9_W,E&<4K6BAU]\*]"HA;'*!L_R4/#+,$;O*`(TQ/#\Q&CJ!.C4"J=
M\(S!>"6_<:LU0<@CN3)7RQ;I:")%LTJ;&+,A89INZJPR<95`<IJH$!BB`2@7
MD4R0:`_@$*)88`7N\9Z%"A/7;(BNV"'`*19;Z,AB,S&1Q#A;.#;G&[G)J25B
M(<-@P1#=^<G)9)3<5(GB,1[2T<I\Z`Q2L8T"LCE0]+;Y"L]LK);>`I$?=!*I
M^A7T()71>$SI>Z6F^Q7P$\7"I)#X_Q3**?,'US-(IO'*WB`=ERB@<5*(SP`[
MW\R(UL,U:)@5XPR`6W&HBCA"05$J]'D<R[%+$ZLN/N.SC]I+OF0,8HD^P%R,
MH?FN]0(W^3P_""$O67PZ+12(H0(VLE&M=@L/',U1(JLR.*LA[#NYF6F\ZJBG
MD]**;U2J>JL*U*/)0`&CW%R/!>,-:G(T%D&KSZNFK`C..1(E<?JCS]$)X]BG
M'+I0BD@:L*(')5`!_%"SO%&[B_R1;?NN-RD<C>(H0:LNZJ*[O\(HN4(0,BR*
MJ?0U.472%*$]5D(:IEF]2DH*\1,._A*.>3$/26VT>JHG0UP6!2TS.8K%"@U2
M4*S05MTA^/_;I`$Y1'JT1K:Z&+R8&?TTQ.9X$ASY%O)0G5]=U5=IH*;Q("<T
MB4+*"NHX#,C""&TP,UAI!590RR_1C_U(JT[BE?2!QN?:A0G$(BS:0.I*'$25
MGXO*J#@)MB$DO\,+5:"YT0LB#,,;$2LS0E8Q"W@ML@ZZ$G'RNE#$&IEID]1*
M#R"9%,`1N,XD1F%T(ZG\1C0Q,+6B%[990`83Q9^I"1**4P\RUM$*-70Y#MJS
MCDJI$UZ1UH,Q@`*82(9SL^3$B^]*"L<(5%L2U!2M3I`2N>-#UPY4UV=$D(GU
MO"/=UZ"QSP<[L!L*TP9)3J(5KS_:%N=X)1@J*@.CL_N<*&(</6]F$(S'E+H!
M$14`B1DEO++>D##/48UTU":P"`S;%,C5BY$LK-!W2HAL0%DLH8944C.)E`LU
MF(3DE(R#%2;T<1Q;0DDMND`7LSMCDROWP:CZ>4:VVCZG*M"F_9F8815!`4)@
M&XS]@=K*_\6\YF"_^I,^EN@53ADLG)M$80(QJ:U1(4N*(7TD#'*2T^`A`;J4
M9WD0JXK5M`6BG;J:^7*5!GI"T`JD41H[MC"B[OG0/O6+'ZDW!!F9BYI`QDU#
MO611Z\VB;=@8RH'<-`D+V/I<,FHD,!./H?B\4T$K\Q+?G8..P2@0^)I7`PD<
M,.O/Q5@*SO45P_J<FKR4OE#-G%"W;ONR'5*Z=#RG![G86,63X!R(CKVO)[.>
M!D;>MJ"&5FB$[LD/$4`N\>&ATMS2!'F[80L9-&0Q[&5&D>FER*&?C9033LD4
M]OV6VIPM)/D0ZSD;[WNJ`\I-FC&L'++%&&Z6<9'"AA#>@E`)*O_]820N%6EQ
M#A$1%4U=S\X<#`6)S_'SIQU9$*HHG2.)K>\*QTH1$?^ED27=1[(`8O.%/Q4Y
M7@IN8[;`6P/TGB1:I0%CS:=ZP`,Y'%HBU.E27!8SL;JDI8LZ%ML-XI;9%(%A
M1:?)AM]`Q,!06,80E52D24/V&=LPFJH22'-DQ%8J71]$+5Z1-P7;%-N"(!I$
M#1`F1D")J!]#B"/4%,!8BA'QE!7B%+.XTE%9KH>;F*7-E09TH':A'F[!6-J(
MGVJP6S<^F`LS@2-RN(88O</HD5-CDW2-PSQKL15CT1-NW,)YG&[EH5RI9&\I
MVQMSNM^QKS\"9980(75$#4T"3W&^Q1C_ZMV5"#5ZN)H`5`C10;IY?5A^T8[%
MJIE(J<*G,%JOP#DN'@N#E:UM02\23*R`2:?,@$J919N6.A]3Z6%_@2H'8=J0
MN`0W4`(#2()&@(5DKC!H6,LV0YU!*K7O`C"7`%=DY*CL'32.`JS*&>1&W1`,
M">=X9IT9[,]?P:=ZJUJ<7)N?+J,LC*PBYI`%X:'"BY!3*9.5^H\:U=1[0>J>
M60B++1&)2`F-_9K+ZDSA\8[%2+\_N;&S^8Z2I9DT-IU,1>0Z,KRHHF?.FQQ)
M<(,T2((V.&FPNM:XD(1+D+5+158V8IIL$!F72&&:_F.:QJ(#$9G!FE7P_;:D
M9IU^4B1_X22'_VB_2+ULSFE315,7",L=@,:4G@C&^GVH86Y3\ETE2VFU2MO6
MSX/:F_S,)68DJH+9@D9JK2F)#2*XW;UH+!O63A)3OH$<27"$L?+K^;@P7HR+
MC^E)F2J68K&&6(B&:JB&6(B%D>EN9</F9[O`%4-<QIX?.CQ&Z4,,5]X0T+8@
M')0407DJK1V5=W6;]RZC4E2K[_*:TTDM#E&3TS0@K+FCT%4/%*J:E8BS4;PA
M![_")ZF)0*FT;M-$FDGB3'H7I\8*5ZZ=B0N-2?%M-=Z67^V9RL1&8>(SYYZ/
M6&@%`1`!NJ!78=I:6#H9[]YNN;I@\$Y#68B$[D:VZIR[+`)7^MGI4_\IJOR.
MUTZ3%FMYK,R1UR19WR1?%)124HOHD)W)SY-RZCAKH54RXY?*G3)%#2`N.)V@
M;7=)&Z/EJB^3+'O*"4EJCJV9F2C9D7KJ'03J8:L"'=[R'*KHS3&ZR!7'DC9H
M@R(H@M#ED-),DV/$,U\2F>Z.A4@X/DMH\59HA4GGNUB0A%C0KL;5&)-CC.(Q
MQ"EGD65=,#QRB6Q@(^1`92=/D"A=(R<1FQ(O]4E59R1.)R,F+40LK$TIO&?Z
M)H3%&II,FP0Q&U`B12*NC"K'/D`/G3=E#:H@#-=*"J-`05\WKW81,AMQY9Q)
M[4@Z$MX:PLLUX-_B1#8>]"R)!1C$:BD"F</_L89B([1SE70?CX45E016:`1)
M=Q^/L86L`WAI:N*$M/4[4?`?V29S%*>_V2E3K:HW<CJ3[6F#KY"T$5EZL9:G
MR<4Y\DGRNJ=$+!UX>:R?8(_-/`O8@BP_OY/0,8^L8JTGEPC"Z'#,I)G9Y5\_
M]QPES#X(41M*L8Y]EA%($XNC8@^S3&9JH(>D3WI8<17H#9R1<:Z1HRZ-,^_$
M=1_<`REK`(Y+/V9I9%LEZQ.9BK?/KGB1*([B&$66.-ZJ2Z'QD42L\;YZZQGE
M-/L*23G/11240&=TB?/:'?GT<"!F2K`4^N"ZI_MP.=MW'8M52@FR9@Z;?PBK
MV&?.A0QKIR@-*91'__9?&_GP5UX5@K\LGDKF7+MTTR^E4FH%1E#]MABU`WD[
M+D)#(9\[(*>[ZT17]DF+%B_L,O,CS;X1W!FJJ+%[BT>>>AFUI_0+L323W(**
M.V*D:R)^<#EEX&VL(`F=F/7$;#F++Q^REG$T^(*MVI6(.JGSX>ZM'^S-G<F=
M[;_PWL&Y]\-A0'&214RX1D@#^Y`+`UA+AJL5@"AAHE$C:/7JY;-F:R'#A@ME
MR;($T98L6Y(J5G1HZYHNCMML:=.V+>0_;?NVZ4N9TI\_?0?IT4.XSY\V??_^
MS?SG[Y]-??YF`MUY<RC1HD:/(DVJ="G3IDZ?0HTJ=2K3?=]PWKRZ[=M6;__;
M_FW]YD_L-ZLGK^I$2W4MV[9NW\*-*Q>IVJ'>]MW=NG4?5F__R&[[>97OUYEB
MTP[-"78N8[E\;P;.:C6KOJN6_PZM*Y+KV,I6]6KCJA7L9+]^S5JNC/GRZ*\]
M>>K+!W,V[=IJE)00$6`W[P`"?`/__;OW\-TFE+B1I'&AQ.:V+#UWOGQCQ^HC
MMV'/?M,OV9]#6Z[DF:\>S'SY]JE,>7/GSIX^U=ML+'\^_?IP)T.^JPVG=[X_
M?YYDE6HZF865?0<BF*""\JGU56%9)3:65Z1MLP]J^FQ5$EAE888368LM&")4
M\=W$EXD>QA=94NP9M9]?)E6X5UEY4;C/?B@%%EAM:RW5UN-L2BA!G&\"$`F<
M<24`Z09R;P!IA!(FF,";`%`J,8=R%F'9G"P7802=0[=LHTN8UH@I$G8B[7?C
M4=X15==--;67#4S5U*,/>C7Y5%1[[_FDF(A_`OJG9?B=9*"#7'FEUS=7^>6@
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M3M1IBQUF$UYHQQ9T;5`6+9P;EX0KV9D?3<?0EE@N!/:95S9T;4/:7!.2\=EA
MB.M0CCZ\5JMKE_W=3>:9QS%XU<Q-()L77]QQ3I6F+C&++)I-5.&J,=YTZ1)J
MK]HWLEOH(7[I\]^_4K1^94^)`<M.6*,_EMB%@&3)V_1V-I/>^2^"3D'98]1R
MNK9]0S:V@PDU@&0T8B'G%CX;B?-L_^$MX#4D(\K#DG*4(Y&+7.1+9M+%+<3T
MM>MPQ4XH04K#:#:?G;`.*T*)S7@"II)TU8,GF!M*X/2%GGWM1X*30]6)1G<2
M,^D*-=]XG,ST)\4O2G`RHQ&+%3=5&5YQ920!*HN%(*BBO8$QCE,YD7@V2`]J
M!$M*0PJ``4I@BP:AJ5L@R=IR6KBE+5FMA0^!S@J+QS5;*.2$W?K8HOYR';*Y
M*#$FTM7-JC>5]9G-8^L[8CYTTI(B!NQ5/,,>`_<3.#F*:##BPHY7.".Y+@J&
M@73,%2Q[F3[_\,11F80?'5DEJOWM#X*^7.93:J+!#4*C""4H5F\D,8MPV<A;
MVEA(1W:QG/^*N/";TI*(U!QR#:W9\'=H`MNHT+/$!II-1V-AD>SZ(\NB*/.3
M1J$C>.J)GMC4B63<"Q@"`P=*`6GHC'!DY@3;U*'315$H.>%0C*SRK7`YZEP+
M92A'`S6:1G5(33(JS3:\PK!P<6>`'5WIBOYA'CM"HQ%M*(Z4E."$#('EA%L;
MB4(T$A$7@I-J%ODI="K22&]JHR,@L48@%U?16B[J.HR#70-)9\#,@,M4M3H;
M6M26/9VHQ)0I>1]L4F)$=[[R8FK;5V0VFCI7WB^A<94=3D@9,*#8)#0M`1=V
M,,0I#<W3961S(XA8:EC[H(UDDHDK5BJ*T?X,S&879!VOQG+8RZ[_31]VI`8T
M8A$E8@D'2I*XA<N:JC60/!*2J;U2ES#RG(=0I)%<VX8U=L&MQ3D5)1]JF8%*
ME2._EBZ+012)0=\$NT%QZ%6>A(J?ZJ:2/:4K-F`U8EC=N5>O!G9?6XTC`EFB
MN8!V)JXG29A/=N(-GXCT,TUS$'OBZE7,PG=<[1,LO0JX,7IM1225)2.-0K,?
M_#P.FQ!:;GQ]R3'-V0X:T6A$&HAE-#?(H;3>LJU2&9+::A&U6D-MH6Q!DM3:
M:B-;.M4M=DZ2MZ:A6"_!A-U/7(27DJ`X-+[+*8B\$Y\"6FI_<_EOW>H:5O&0
MQSRT2\^0@=)C>C7W9=ZQ6T_NR1?9(*1/_]@\C*Y*C*/%V(1#\7%9[PA<X"^;
M9IX&$^_%CCB;>G!&;[S"D)U2<EZXYLUFVSDFDK]LV)="D\%Z)-*4E-#EL$&-
M(PNYL+0N0DZ*5&UXS`E>B,])VQ%GARL3%9<JFUPSL@W&44'4K:4(R,O1)/:,
M)>)*5MT:%[6\<B7^,`\^Z-$]L'K#7>3]SZ>%Z)_'O!=FETG)_2X3&L_8K"PX
MYDF5T4@]+MLYV4H)8L_:LRB`EB<?WBF,&O<[H4)YAI.JA)"R.YH2.\*D$7ON
M3=:(XKR1:$W$"M%%\AP2$:Q99%K+V<8MR+1-,P7R3/=[<5]+:M%GB\8L)M$*
MXJZ"H0WI9;!L'O])5F.$%1_RTBC(Y7=A&1,NE2$%VJZ.3TK@-&M0BL74+VO=
M?/7WN&P7'*&%45L!1=[MESML@%?9285L:=F_"!<LW"E0`@<%<X::!-ST:`1N
MBD:LY)C[T=I@ZFDMG,)"2\(Y5!-J\#A"IF[E^TSBTO8`\U>@V1G\Q5>1,1D]
M1E7DYG5G)=NWPTOTDU'5\ZME<U2NK/J6L81ZKZ9B%WD*M[;"F:3-94Z/?D1I
M+UGRLJ0)KZ)E&74AM">WTS^?_%&0>?93F7B'V;X+3B+Z%[JZG/+\*XS0H]&*
M)!C=-T!*NBW8[4UO.EUX44=>0V+H6HW0UK9A>QYV&A@8_%0F5U?%>Q;_%]7&
M5Q7&,E.%$=@+Y/!3;5%4^E;FQ(N/:Z0`Z/+%E_R(W&XK)@(TRNC*A[NP#QDG
MFATJ-;E?QU"BGSJK1&/Q,0EXY)>FH`A&\9S'4:%&U;XVA9[H_9P8+8;8+$;C
M;8B&?$;-&(B7"2#JA`L1"5V#?1"1F(!(0`;48`>W!,]K+1(,$4\C<5/N@9A4
MA<UAZ)<R#0CVG$_%K<>IS)/B*9R&]`ZF-)^P]9H[Y0_/I%%%54_Q>8;_S1SV
M@)*-^=`F!2!_D,^\L,]Z`)01X0E"'`1_D$A.F-?(N`OZ8,__U!>0$0X]7,QD
MH$1>H4>.F)A$9159$`IRN>`#NF'$S=_#E81CFBU&H;P15KEA'.T'2WP;N*6!
M"11`<!2)"2Q$8FP3"C5$:KT;E\C;HBF21G0$F=B;5*%)/.U-1BG7@/D,#6)&
M,1%&XV&>E7$2J!3?HICB"5566NR$V%P'AIA$%^W3U@67W9E-983*8JV&CBT%
MX]7*];'$0*WB$Z827=G*^HT,$YT+^?3<_9A'6E@4L94.J\R(,^:(AOS7UY69
M,N;_81X&D!(%G%;<A<N$2B9ARE>`5!)NH\0P%EAH`X+93AL4'4T%`)+(`5&P
M6P<N4D0L&G3,WD3<7B)N38AAG7;\6WPXH%&$BU==$%69S<H`%H&$(V\)FX7(
M"T+6"*HTR!4!FOZ9A</5W<DHGBQM4A7V(B>Q85.PB.G451>:54"954R\FA8F
M#!/UQU+X7&8\GH50E!@VW,Y<#$@=9#KZTNR\WVNPQ\?(#4R6%WC,2ZS1GW6Y
MDYSUEE!*45E(X`;%0BM,DY'PF0FX@<O45B*ZFZ%EQ+MI2;58"^UQC8C=6_,\
MCWGU3%`^A5\08V/=#`!BY#$I2E19686`RLXLCJ3=3X;<_YQ"$M#.O(@U[HR6
MD=I(R4]*)61##E"M-86R`-.[I(<7*J7;^0N3J5(0E4Z,K)FNL(QG*&8F/<B#
M4*6=*0L][=!YN<1LY$.,8`=7F$3^7(=7D%W+R>5J2LQ,U`ZX%8&0#(<28&!.
M34>&><G4(9+M40U$P%M#*`28=,N9P,K_(8C,;-EH)(96U&1+&68R7@_S;<@5
MG01(54BA-`QA--^E$*59!$B:T-B'^%_768KU>5FNM(=08%=F_L/@2.%!I-)^
M\B''.(_WL(1:D%FNB%3IN(R"^F:RB=)ZVF=+BIK=2(C!:"/FT%>$^D][Q(0=
MP>,T%0EO&($<B!!D",]0G25&'/]2U0`5(U$+/\:>"66+\YR;SLEA;R*6FPP?
MDM&*]'#G)L:EW:`%&_6:&I(:J;635[33H*34+-*E#\)*=^"7-G;=27H2>_2)
M]O`A;.`9@D59>NB=37!*Q]7$J=R?73H4O;2AA[[<D6+&B\@/E;)1&U54EN4B
MG$:02[CCK\!"+.2&T0B`"'AE[XT)0X13<\!HO'D)C+90U3!G42D/URC$-=B"
MUPRD7WX,.DY*MN$D;ZE45N'EJ,V//+4,0KU&\E51IC0?<<T(Z:@=4:;A)K*7
M.;[@$/7B@!73EZI2Q]@5=1EH2W9/Q_T$P^#%2-A)KWE%97$J-/(HGQJ6/]4A
M5F22?%;_4L]MF[3RSTMN$"Q$0QHDP;#DCA-80KB$!',HTD1`*C]"*J)!JFN!
M4SD5CPF)29GDJ+_YD/]4SX!TH[CLH:G6RLGH7)V*QE:<6&6,'8A$WF)=2(QP
MDD.:2'8H3,R-$:N($1V5XZ.HU<S4E6L`Z_G)C4JTAN-Q2`ZV*H1RJQL:D*8T
MJ*,LW'%FQ;"M+.78!-#841HTF'`8R7'(PE!LT]5(#2.]:[Q!W9:\D%&Q$/$0
MTB-]Q*4ZE4@0QL&I"3.AH3+JYZ,T["I%"!(.ADCQ2K+B&[%9FJO(6/RP2"71
M'8CTS":)SYR>"*V<1956T(")AOVH&,QFT<!(XU]BIZ?6[$H]_\BL:%JUKFU=
M#&[@4L[*:)8=Q0(TF$`)&,EN&(`)*(>#B`1SI*70PNB+)I(MQ$(L1(+5O%"6
M3,<]AEA3H0F*<5NR"99_G&PT!M=8(`H#4A2FP9%)%H;8B%<U?D:)8<[85"-Z
MBDH.#@J;:$59U$06ELVHB`WB6$C#V`E$WB#*;4IZ\LS-*>[/=:-EU))#^ENS
MYLA@5=R^;J_$^,4S!0UG*4$2\.P>J8$C[`+02@MTQA9SQELDQ()K2<(DV%YL
MK:BBF=,&UIN(31*G=&JT,E-=W%CDM:U:F2/F.:]UCHX"(1=RD<UC/`ZII6&A
MR"=%P@;F_!:?7"6OP8B\.&3)Q!I-6/]%&DEI-`8A^5SL^5(>S8&,M3+LZ:0F
M^_Q>KM&PO<3F!N&1N''ED20+9`2MYCX'1L!H42&:'$2=/J8E/R)MU&G$([$;
MNX6)-K%3AGCG[`B@.!(*3B8A"M)9>L:5`=YJ7FQ2%/4P)S&.;L;8FN5(;38N
M3(#'`_&*4[(9AX:,K(U7%K$,1K4AX/ZP%/U6OY0$</D$WI1'G2POQTCR*K8'
MIUS/(4O,2X`;-.B1@UEN[]G(-CV2BSJ'O$D"%)-3:\EK!SZ2F7`+4YE0;L4(
MC)`-G`YI:_0DSY%<V6019IBIUG8&3E3C7H0M$*W2)W9569&L*69PS2D*+1VL
M:`07_-!+%$W_3RUC\I?9L']L<Y@&#'Z:&(O5XG9E<Z3XQ)\"*NX,!\\F1^^(
M<NU9BZ(.[?]&G;4H+3X63TC8%C=Y$Z`%$N>U+B;32MIV8@=KU=]X2%B`FN[J
MA79,"+75IBD:'T[@II.6V#K%YZO8"8_]'@>3:CD76$VR2.^UW\:0#0.=46KT
M1Y""]*3LAR;;#C40Q+@%`'*X\SW*,Q-/BSUK+FM%YZ`-&B7>PE#;ZP9JT^^<
MA7\EL"%':,MXA[(8;SR1C<P`)WJ(A?GDBUJ!Q]SHR*_Q'XZLKID$2$BJU^)P
M1R75*0&UC@^W-'QQ'59)-$\:GQGAXM:V=:#@68+I6>I-2>]@!U`GI(\^,D>7
M<`F]7O&]C@E.,U534>*F7MM=3X4UOZ"Y\""H!A[CN"+B]&&TM9E5L]G`D6''
MB+97:"3S'8:)1>]DF`R;0G:W=62,,$Q>]1H*FXM=MW:@;/8&18)`.)B#<0V$
M)''MF>4A3<U/`Z368"JF<DMU#B1NW9"L$%OOO?5M0P4<%T79-LQ/OMA`J80V
MB.\\L1^&O-U8GV?RE11IF.3CA*V;P")U_U_6]JF5G(ID\K*JP[IWB*"'/PA=
M)#R)T1$)A!%%3^'S:QW:46U#MFB-UHR8\63=[QB%1:L%6]^W5#R(!<EPB641
M'?;E=9Q$0W=++6'@>U[*,85CH6#<[TUX2&>CI.&(#H5&K!J<`Z>XB/@#.OL(
M+)Q>!0:`"22!N8EE_<8H#*G0E^RS0C"V+-><K9A(HO2>5I'SC*_*NUR,RH2W
M9P2I5?'*9NBK1C*,^*JGP\*XB?ND$E(VE%\6]8#(63^4:0Z<)K:WF3=&;,@)
MN+4!N0J'<)3`4&=@T\KS8!OVZ5Z=#37X>6/*B\RM26H/=L+YN'A,O,"8C;2$
M,[G:QG&,LL*))/\OZW]P3,C0]V`L2@R^WY-:Q;154,L]^:+'D6LH(4>71(#8
M2<"8!]D-R,*EQ*Q@*:JW!9K8>(\PF.2^[SPBW5#`<NW]^;70'D-@ZC8TC])A
M'1F-=:U(.*Z_A64ZX9GE"7X=NGYD-AGET.^]8O2*3F@2B*N8.E-+.^J$9\CJ
MQ(O4.$S^D\T<Y_6@89*=.W/I1%X'#33`0A)L97'T69-G[G0(U;0<.^[I0NKJ
M%`8F>;WC-U:DG1GA24GK2L&\AU5W2$5A6H?,R(>HY@'N3^0I,,-/#E"P.R&?
M\%CA0[LPRFL$'U[051.*?%2`!TS%5!ILI92(@!(HQYX3.VO]^15OQ$C_++L)
M:D<WFE?,R\=_L4B40H90U%P/`1O.&1_B[*':MOI?I2:QX=U=FB;2=U1=?&)D
M7-RSX4GTZHIW*J,Q>WWW^:D=$83D"N*.)T$](G$2(P^'5<N5<,W>B\3!M]Z"
M;ZAMKSU4S`L#;0>17>F-H*I\/OW)K,R1%H9XEX;M.KDQF_O@P])ON=.HJ+=K
MF$XO8[[Z!6>"44,21,FOU_0U0+0\&WLYI?)T1-)&(JH+YU/H+YLHJ9F;AD1N
MHY\K`6?@>7;(:!>C-)9K2#.I!4C9-$S$V3Y\"0@N?]J@F'T+#VGS/\7-"IT'
M];;J.4**<D5.7PWR.#%0SU8L:^JYF<EX)Z/U_U<FMX&=<=$.9T_OIP@FQS2-
MC81<.\%(5Q#;J`/$OGW_!OXS^&^;P6_^_C$\^!!B1(D3*5:T>!%C1HT;.7;T
M^!%DR(_:$`K<MF^;OV_>$/K;IV\@PV\%1=:T>1-GSIKZON6K1P]H4*%!&[$J
M$4"`@`!+!8@H(>G@-FVVJ-J21-62I:I7956]577J-EMBI6XS>Y;@3)UKV;9U
M^Y:B/HE2$7ZSZVW;S'TR$1(TN&_F3);?#+I$^2\PX'\L&3^D"1=R9,F3*4].
MF)"D7,R+&\X\&=@N8K^B*Y<V?5JB/I]#60=%^AJI4@-R\B+6-G5KU:ZYJU+5
MM6V7MEO:?FN3>MOL/_^>/$FC=OZ\K=R]`^5J_I=9N3]]V[7M_9;7K/'O!Z=+
MEVF6)^!OVL:3!(Q2'WC2#LG[?0P=?W[]^SO2%WT9H<\04TFZ@08B3"[^%%PP
M(VWT^:DUUDPP`;:EEG)#EH0(TD8263KD:BM+/.SMJUVNL<4:6XP[:\7D5%*,
MP1AE)(BE`1NZD:'JKOLGGZ#JR0>F[;;+4;O;C(L/R6]@<B@E`Y7K*R'F'K+N
M/<((FQ'+++74"3#-]C$.)9<8&E.[[7SB21MO\/*'I,(>4G++."G3QQ\((Q2J
M*`N92DH))6XY"#>LJLKJ*A)M^4H7:W31)KCPC`POK?ODG+2TZ?Q"Z[K$E*SG
MYR<@!_NOK\=4(C`PLTK%ZSO!($H(1DI=?156BOP9$\>R6MRF1Z"$%(B@?;Q!
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M`O>L*A7R^M^':;WW7O:$%*IH;WQ%>K&\C#L\57C=#5;)E`"<R$G$(L:;\LK7
M>EI?#4V2SB``'[;\7Y(X#9L:5AK14T\3E%B[MZM.AAOE;:S9I>7#:^_R2IE!
MA]7)@L#+2RW#\P&2)YM=F@FF[E[B6L>!6"H6RJYK-##IW:V_?B?[KDN)V)40
M6T_)=!MR''MCMR,=ED:2*.+9I`0HX*O+Q&J=9-B_2E&LJ;3YUG8P`_O+/^53
MT$#(UR3C[:4SB^&.Q*CG$H(@*3Y0LMG3"/,NQ>1%<)YS#T0VR/^9OP@0A"&L
M2-)JU+D+]NHDEXJ/U![R.1'."&QAHT<LTE"$LZ$N;33!3<FR5:BOH$Q1VUC4
M+<)5%H$19GIW>Z'5]M:0O;#*A"]1S?"`=+@T`6M-5J*3-APXG>Y$T'.6"IY#
MD'BTN^ENB6DL7^]*9;/T>&,AB-E&C3S7EP"J<3]R&5[8H$%#$12`*;$A6W*N
M$[)KP2YEMCC1<1Z%G@KR*HYX'."XY/*K68WJ)YDLFGT64IY@?08^J"(<<T@R
MF,]("8HTT9PD6?G"*XGI0.-"2;"DJ`\'&>Q&=90(U%H)ERCI@W3,,L%1SJ:4
M`H1`$E"I"]PZE*T?QN\W8[D5BPCS,/'_]=(M=7Q<YYYT,)X(KE2'<="9V,2F
MZQA/*EK\5?@`"!\`O8=7_.(:YK!9S_+)Q3CH+-.O;J,=;V@G5_3(QR>IHYTQ
M3<<E@J.5/77"/6#*,!:-8!_JD-*GAZ0H9(72BE9^2!6Q+))_1CH<`)7(T(9&
M#4<IK1DWEY2>*CE/7JDZC"ZIDQ"U#"Q5"D'GW<9C4\3TSJ1!!9WXH.@9ZLT+
M5T!1&$/P\M.9&$^>E[JC4#TR11G2(PU[*F8`3&`<@QA'-W#KZ%C&LBC;%?$R
M[`D557'2MWEUYR1M6L]+5D,/3G'QBD&+F24S\TF7@*>::0F?8O"9PH<XQ#\(
M9.MB+5<0E;R+_S-K&IR2;.FK>!&$A2WLR^08RY&4W/*J;3!!""C*54G\*4"2
ML$0R5RLBE/6&+"JZ1NU:U+7.YL1S!]O;2Q`X3I[EXR_TDJ.\X@,?DD@MCOB4
MW$LG^*:7)N:VT:V<X"`R+TT=)FD#84]MHB?=D#1).5>-12N.TCZN*D&9!D$D
MW&:KBVLLZAK]8UJ^;.O=B=`%O_""'O>D^#N[V,6GX`L0!J^S/,(A[3TV0TEB
M;,K9`]D7PM<+WIO>&+.3;(8Z!::/"R-<$>Y=IZ[*B@4CRJL4C@5`;0KI35>R
M12+B*.I;M3N+X!3#RPY7JYLYQJ4MN7B^H`Q)2$&^9?*$!9,:2T5>2/^^#'+)
M%1%-B<92-Y8RY>QRU*TQ1CWRL6E"F-2<*7\54,F281)&:V+W!<!/&I)*R%ZG
M+:EXRT2.,F*3TH7&Z.)77]V9B>+T_)<Y"J5%J=+R=Z1FN(4P[B!7*F,=#7;H
M^G+MRY&F&"4S1:"#PN1)=!*3CVT9+,&ML&!/ZH[@(,O68OE6AGV"C8G1[`9J
M?95D+(:=HFYAC5HWLK95[MQ4V>JK=HUZ6`QQ7(Z`)!C"`H8A"W[E01VH7`)V
M,2T;.F63[L,744D:VY53"7EJBAR\>*,[<+6E4(8'$X4JY\(JX7)*#<+97A;K
M),"\6(0:T0H]F7F8Z9V?+=KL%>#$][US;M&#\PH2R<X.6\=_:5QU`.JC73EH
MCO%Q4)ENX\Z^]#13@)EC7I;SRC>)1G$%S_;(K6?3IE;7+]5+B$_Z?)G`O.A&
M0'5W*^$=K("&C6-FOA`A;T.5%L=.12HJ#MWF&+FH4I5\44E5!'M<JY+TZ$=`
M&E6[XSU@`XWJB0D-%9R,KO"+%\3.)!?_>\F7MM,OLLMIO]Y1>NK#V)HWG'1&
M2(+9`BD`)YRV<_LV%%G#,K<5#9R`!Z[GL!V7SR73Q4Q4W(Z@,7.P+[X,6%FS
M2Z-7I'$H:=>#3[.;D\?>>1`ZR3\`PAQA:AR].E:3R265Y-OW<?,[42,6L*![
MZI20H<[IPBK:\DW0R2)?L]`QJ$MN)[,12KT')8QXM?SK29[7.*W3B;=U:94#
M=U2]<>68/#;V_/;+MY`G&X34/_LU;PV6=3,)Z4I!XN6P?7W`Z\'[(/K(QKQ9
M0PUHP*(($]W3A*YBT_TA,GZZA7_`Q3BH2T.V+82T*7H6ZL$NXX+`:3F4@XJJ
M"&G&8U:(ZV6L_PNP.BE2Q&..H`S3K`E4.(S[IN0ZH*\$0>=X1,Y-E`N.5J23
M_,$G9I`[YNC0*@N6VD[U\.9ATNHVZ*\UH"$-TH#N6$T)G`"U"FE;ON(6BB-1
M_@ZM`N^)*$<!ZZB)F.IE/H/CV*3"-JC&U(.WP@T#XR,YK.3E8@ZS%FQ-'*-7
M!"^54C`C9@X.)V;SR.5+)"XYOB@FDN=+ZBH?'.2!7J*,J$M)\"I?$(@$\Z;+
MP"O$7B\:8F%"ZHZK3$!%M$OO7BOH;&T;B$B^Y*HPKNE8_L>F8.0*4TK8.&E>
M;"O(RH]5OLW7,B-\XNAI/F=>7LI4U"IWC$8$(P*QYM`7)2E*;D1\CO\'5,JH
M$%4C252BF@3BV7PJP+SLT8ZE!W?DE\3+",J+HMQ`$C3D&S"*"5.&B(;#K.BF
M<SHN[&)$+4@O%TLQ/0)+%$M"3"+.7@S*EL;MQRKK5VC))4:M78(DWKID<1J#
M)8JG/@*O>CZQ,#;C%Q<2FPZ258S-<8HKA2[(2FK1>%:B56@"J-IO?/IEH?CL
M060(&EHAJU[#?01@0M9FK%+&&O1GFC#%:<XEV1RB>":L#B7B/4@-O`P$L!YB
M>'YB2-JM,P@R'N&(J9:1G98&J11N<#CC7@Z$[<Z1(:?RA0)O+@A')11J+XI&
MTV)0BG1E\3I.'URQ5#"+QSYL4A3G:HQCCV3_Z'1.S$)*P*L"1/<2J5$8::36
M8ZVP!#/V3#"8SV[^1Q>?Q(O$#]@>JMP8IL=@2>+FI?F^1*88;#QXDAE')7=`
MT<N<Y!FIDC/=+F9X22#@ZHD0QXC<R3CLZK?.#DEJR9+HA+NBHO"V1T:@9]?,
MHBW#IA%*H&R*,``F(;W^P7Z,8^C.ZHBL<@=-(ZT0(H.HB]=PTMAZ2CO6XW`&
M![+"C4[L9*!@PN68[D;X"8$21`JO27Q"PTE>R?M@[B8[4STAC%3H@R7NP[$0
M,"'+32Y&+S3*\HF*"S._*C8-SS3R"3:-"+2`<"A&LB0IR@G<X"%@9U'DYD3P
MYU9P!_[D4"1PY[EL__'H(`*Z6`4]/NDVM@B"\$HU(&1X?F;MG&C(/@DOG"VP
M!.8_LF:ADFTT2H^G,.L-UQ-'O\R%QM.-"._"\+#0?B9(JD,@'J3<;B/1RH1Q
MPF3=9,;PWJ4_1>))`W0S"J\>\(&/U&=/3%)U#N,Z5O(69LL:XHM1BJ@`90E.
MK"TCJE""U@VE2O$4Y6>60,G8[`5'A"7=4D(O;`Y"?N057\)EC-*`R*5.G>>#
M"O+)SI,P<K#K<M1120Z*;I2;$HTTD.17!'(];-!!L)/'*JO!/NL.Z<)VHI$B
M1+4_3]5F%$>S-@,*M>$V,4:T2H#57J.KU.P2Q7$J<(]V'J7R$D)P:B2P'O\L
M'2-E`2=BH;B)3<-ELQKBDF:E'M?I2\H"-05*ZB)2*AJF'Q-J+(6QNI@1P#H4
MYM@PNXX3J![57*>2GCK'T2*HSI0RG@0"H,X$TZ+F5PK&-872/^#E8^2GNT!"
M?@Z/18[#Q\*F#90`&^G.!.1`F0AC":=BD?RNB';D1<+IXQZCVF*N4,%)XTPE
MP<@G\/9&3X,E8>K1,^H1EMKR1ZS3H4+I2\3PPG[F]^X">2;"'3_(.V0T$<]5
M9ZF2>M"2@R`S7@8CB^0HW#(5:`@*.4:'9_K'.GO,EHI$6*@Q0*9V7ZGV\,9$
M0)'C<*Q!O%J!?<Y,-I1`00\"D1B%.`+.BN8L.=BV3F/58E3T]#/;L0PO%&KN
M16/+9"P]]4AH:425JHK,27Z,Q#!;**=^BE(32'QX15*"55P]2"IW%G(YT\HD
M904ULVARY#L+C"#W(J"2SR6J(S&$I5KS4&*[J;=L97Q>4L:.PR>45L18(0FP
M$7648"[7S,6&H]:"@SAQ!VLE1RU^]3W"Z+H`B&#&TE?R5KY62!NF54@,*NO6
M8XJ(Q\@,:'(^!2'RZ>H^YCOB*MW(Q7I!Y3$(KH0BEWS_RQ<:&5?1U.WBM+`L
M1_'";@EH+`M-/JD>ZTHUMC*"\/!P</`[T4*D/E0&?S)AK@HHTF#NS$L`T.M/
M4()MAD-%</=6?._"&&QJ<Q+97L)!+A5YSU0[$J8>D&1HHA:T>&:+0E4,@\9(
MP(U49`I,X@V\Y.CD>A$GY6D*8X(S'M=\<_A<`XCTM">!V-!2X&7JF@.6\F7J
M7'5D.\V?@$PYHO</.VWBN"/(9I!`^0@62D`$4$<`2D!LRQ"LF!!_(!@ORZ)*
MQI(>#=$UN:A+$F]7@@1_3_"AP)(/DZ>)Y:\>^9&,.*,B;7:M%`O\:O0^Q(52
M,4?T=-B0#QDCFK)&>[A*;`:._\:C134N6L6C?4WB@>QXXFCI1X.E;^VJ'D0J
M\0:8@)4E&J*A"';3;-R`B+Z*;<#"&FK!%JH!.83T:&$"2.@S-(4E5#M98?+V
M5P!UBR9P+%4%CG@B7@J16#1.(KU5XP`,2DJEZ*"F(-[3M@++/!H5D;-9FRT"
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M@;Q0S'YL#6W-M&[H@GC%`W-#L_J@I'@"\S_D12+RN+,/U7`C95Q9D*1!6[F7
MFS+:]:448T6,AVE?E;6KNS6R:D)<+79N8U&DB9$$K86VRS'_3`44R\6&.2>J
M6"6/Z^/E`DSDPIJYXUN^]</D<`<O*J]%#N<:7->Z^YLU&L%@T6QDQ"),:5I@
M8+$`5X6D$_LS#?*B8^;`MJVE6V6^*]S"9<2&C^IE"?"65MN_K3M]V,<$TH8J
M7%)KR\)A;"MR9E(HT9MKX)N/B?O"9YS&MZ2:P*<FV8-7W^S#Z8$16H$1BD)]
MR(965:`1\'HDD^`U5F<;NH6V(W4O/]J]#[+&J]S*Z;#M:CM<?I"`H:'>?CS(
ME4`%=//$9B^0EJ((6@$6<'K$OE;`2URDE!7A;OC*Z]S.O0:)JL1#_U<;^-M'
M8*$5ZHW,"F!69U42M9C5E$)UCIR>?Y/<0L1V&Z<)LGP*TN[<TB^]7PSD5P'+
M3/,A&ZAB9:HB!4K@F,I<YWBS[E"2B\76#28!SG]DE--G[A2]BWWOK;T9TW-=
MUV$%(Q,CW*SH4.(9U.7&%OHDB\W&T&%CF/KD"!5V$BRA1.9&6=LMCF4H&EA!
M_TP@"=2F=N!$52M]U\/_7=P7)!BA,CP*.V!_(SBNP0T<@=27PBETD]D35!LE
MP=4G(0`QI872*3Q41)X)6-9-4FRWYU:&E3;''>$3/C\8W(2LZ'!J;;!MP0V<
MH$_21@X4-IENH<!?4\$!`ZX<_O\$I1JJX:I:H0W<G(L=@6C+XHUP6.%?'N;=
MHB`D#GQHNTQIQRHZ9)5IEB8"`^2Y>PE7K&2HPO[")@U,((N70G44-%J5-3UC
M'NJC_BWH*339A&EO(\9H1YH[\#BDXKU:DG],9!?"-+X(O"[YS4.*VL^7A1Z4
M/)"T70YLPU19B/JDWN[O'B<*)*ZJ":W,]$.[7H)7E[:`GJ[/OBJ4!:#=7-$Q
M_^1Z8]I&RAKO(U_R,\+@6J7PB.ZT.1RUY8PXPT/C%<D),;$W\CH)#*!"_&2!
M1^IS)77R6]_U,4*<5X@$"5!M(Y;C;MSFZ48XOF4`QZH1`YV83LP-8K&(TO7U
MCQ_Y(>>:`I?2>=%-MLWX;!1GMQSPA>@K]L<L/M\6A"(-E("TWAZ]RI%[9!2;
MD]_\S_^PNA6ZVA:*O&P\/Y!6_K5_Y.8)C6,7FIJ8M@H);;5N]!(@OOG[1["@
MP8,($RI<R+"APX<0(TJ<2+&BQ8L8,VK<R+&CQX\@0XH<2;*DR9,H'^XKN'+;
MMG_;M,5T25,FS9BV;%W3Q=.-DQ(!@AHH(:E@S'\#!Z&F7,JTJ=.G4*-*G4JU
MJM6K6+-^]+;/IK:O-F_>5"(@@``WMU[").CRVSZWW[3*G4NWKMV[>//JW<OW
MI%NN<-\:%/LUILS#DMRX46/+H+9_C_M*GDRYLN7+F#-KKJNTY6.U_^*^'+UO
M6^F7<1>NW,RZM>O7L&/+GOU4H,&!VKJ6]O?RL3>%+=?2'DZ\N/'CR)/;71WW
MK>#!++]]5DZ]NO7KV/^S:Y^8NF#W[>##BQ]/OKSY\^C3JU_/OKW[]_#CRY]/
MO[[]^_CSZ]_/O[___P`&*."`!!9HX($()JB@:Y(D`<"#DD2V$0D/2EB0)`\V
MYE$2)#"D#88/MJ'A@B26:.)[VSC81F0?9CAA"26T<9`V`#@X(D=M)*&0+2X2
M9(N-)P8IY)#;D:!C0A@VQF-1!-%X9!*1\`C`C00E@02--R8A"8822D(A`"L6
M!*64C6T#(@`DC-A&"0G1R.1!MKRY320/`B`):!S^TX:+VNPY99-@_HCFC=K0
M^6`:(\Y9YYT%V>)G$E02*>FDE$+$8Z2`%G6I06`2M*<;"\'X#X9J1<(FCX__
M\=B&6A@>^6FC`$12D).>LHE0D@W1*2-D>\JJ)Y@O2;DKAD5M`Z&/#KZ$JX]V
M0@9`(P7M^1B=&M*X:Z789JNMFPIQBZ51G?[*$!)'DB`CJO]L6L*1L#:VYT%G
MUKGKF@EMNA"W!I&J)[O_Q#AKK,Z^"5.SV_A9YY^C'BPB6R4<S*BV$$=,)(^^
M&L3CD=\".B\`#)%@ZZ60$L3EKQ;2^=B>H+71(;CS\FL0R@>E",!+ZQYD9:T&
M(7&ML<6&RVQC/J?;[*TU(N0HPA(GK72",A_<8Y4*)[$Q:`@EP6ZKL-Y"D!M.
M`Z#U/PY:W#4`MM*[X]@5@^UT$FJ939"_;`$`JK$.%AZLH:%.;^RTDEU?N_3?
M@`>>'+Z"%VXB^.'K&9LVXHPW[OCCD$<N^>245V[YY9AGKOGFG'?N^=(!`0`[
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>hand.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hand.gif
M1TE&.#=A%@`0`/<`````````50``J@``_P`D```D50`DJ@`D_P!)``!)50!)
MJ@!)_P!M``!M50!MJ@!M_P"2``"250"2J@"2_P"V``"V50"VJ@"V_P#;``#;
M50#;J@#;_P#_``#_50#_J@#__R0``"0`520`JB0`_R0D`"0D520DJB0D_R1)
M`"1)521)JB1)_R1M`"1M521MJB1M_R22`"225222JB22_R2V`"2V522VJB2V
M_R3;`"3;523;JB3;_R3_`"3_523_JB3__TD``$D`54D`JDD`_TDD`$DD54DD
MJDDD_TE)`$E)54E)JDE)_TEM`$EM54EMJDEM_TF2`$F254F2JDF2_TFV`$FV
M54FVJDFV_TG;`$G;54G;JDG;_TG_`$G_54G_JDG__VT``&T`56T`JFT`_VTD
M`&TD56TDJFTD_VU)`&U)56U)JFU)_VUM`&UM56UMJFUM_VV2`&V256V2JFV2
M_VVV`&VV56VVJFVV_VW;`&W;56W;JFW;_VW_`&W_56W_JFW__Y(``)(`59(`
MJI(`_Y(D`)(D59(DJI(D_Y))`)))59))JI))_Y)M`))M59)MJI)M_Y*2`)*2
M59*2JI*2_Y*V`)*V59*VJI*V_Y+;`)+;59+;JI+;_Y+_`)+_59+_JI+__[8`
M`+8`5;8`JK8`_[8D`+8D5;8DJK8D_[9)`+9)5;9)JK9)_[9M`+9M5;9MJK9M
M_[:2`+:25;:2JK:2_[:V`+:V5;:VJK:V_[;;`+;;5;;;JK;;_[;_`+;_5;;_
MJK;__]L``-L`5=L`JML`_]LD`-LD5=LDJMLD_]M)`-M)5=M)JMM)_]MM`-MM
M5=MMJMMM_]N2`-N25=N2JMN2_]NV`-NV5=NVJMNV_]O;`-O;5=O;JMO;_]O_
M`-O_5=O_JMO___\``/\`5?\`JO\`__\D`/\D5?\DJO\D__])`/])5?])JO])
M__]M`/]M5?]MJO]M__^2`/^25?^2JO^2__^V`/^V5?^VJO^V___;`/_;5?_;
MJO_;____`/__5?__JO___R'Y!```````+``````6`!``0`AI`/\)'$BPH$&"
MMB0!($$"P$);!PO:<D@BB21;;FR5<,A14L2/(`]N"TE04IN1VS@ZM+5-V\B0
M*$G*G$G3H,M(21@NC&2KI[:(DI*P_)=D88FB*CU*=-A&4D6'2F7::@B@!,2:
(6+-J-1@0`#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>mjssignature.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 mjssignature.gif
M1TE&.#=AO`!7`/<`````````50``J@``_P`D```D50`DJ@`D_P!)``!)50!)
MJ@!)_P!M``!M50!MJ@!M_P"2``"250"2J@"2_P"V``"V50"VJ@"V_P#;``#;
M50#;J@#;_P#_``#_50#_J@#__R0``"0`520`JB0`_R0D`"0D520DJB0D_R1)
M`"1)521)JB1)_R1M`"1M521MJB1M_R22`"225222JB22_R2V`"2V522VJB2V
M_R3;`"3;523;JB3;_R3_`"3_523_JB3__TD``$D`54D`JDD`_TDD`$DD54DD
MJDDD_TE)`$E)54E)JDE)_TEM`$EM54EMJDEM_TF2`$F254F2JDF2_TFV`$FV
M54FVJDFV_TG;`$G;54G;JDG;_TG_`$G_54G_JDG__VT``&T`56T`JFT`_VTD
M`&TD56TDJFTD_VU)`&U)56U)JFU)_VUM`&UM56UMJFUM_VV2`&V256V2JFV2
M_VVV`&VV56VVJFVV_VW;`&W;56W;JFW;_VW_`&W_56W_JFW__Y(``)(`59(`
MJI(`_Y(D`)(D59(DJI(D_Y))`)))59))JI))_Y)M`))M59)MJI)M_Y*2`)*2
M59*2JI*2_Y*V`)*V59*VJI*V_Y+;`)+;59+;JI+;_Y+_`)+_59+_JI+__[8`
M`+8`5;8`JK8`_[8D`+8D5;8DJK8D_[9)`+9)5;9)JK9)_[9M`+9M5;9MJK9M
M_[:2`+:25;:2JK:2_[:V`+:V5;:VJK:V_[;;`+;;5;;;JK;;_[;_`+;_5;;_
MJK;__]L``-L`5=L`JML`_]LD`-LD5=LDJMLD_]M)`-M)5=M)JMM)_]MM`-MM
M5=MMJMMM_]N2`-N25=N2JMN2_]NV`-NV5=NVJMNV_]O;`-O;5=O;JMO;_]O_
M`-O_5=O_JMO___\``/\`5?\`JO\`__\D`/\D5?\DJO\D__])`/])5?])JO])
M__]M`/]M5?]MJO]M__^2`/^25?^2JO^2__^V`/^V5?^VJO^V___;`/_;5?_;
MJO_;____`/__5?__JO___R'Y!```````+`````"\`%<`0`C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+%261*`$@"<:/($-.)`'`EDB)&DF8+*@-0)N3
M,&.>M.4RH:0V20#HU$FBYTX`/4DD:=-&TC9M%VEZE,FTZ<2<DAAN:P,@JM.!
M4)UN`[KM*D&J+YUJX[CRX+:>5KT*'%M2:U:U9W6FE4FS1%>69-42W)9$I5=)
M'?4*5$HBK,R6).YJ+%%6\+]M>3.23'(W(=B!4W7VK5EPZN25@.<R!%P"J>/3
MCZF*-EO58-W*"VGN;`.;H"T2DG(V)JB-I!O;)!O;RDF9(&[47F__1LZ<>>WF
MF*%+;_I\NO7K(:MC'T@4NZT2I0<'_]YN4+M#\V8EGF7,^:+Y;<,W2MI],%);
MQ]K1"]1_FB\`TPOYEQ9_%EW&U%F)[6?1<]KA1-%=!&:VDG:`)0'@0P0B1%4D
M6AGHGD*5Y42"5!<A=B%!%?I#G4%LK0:3;*9E>%%.0$4DHT"`&=856\LYIHUN
M'^YEUELGH2<;"2=BB&$2)41R8Y&J5425A0WUYM$VI-%70H)3/@>83O0=I`U5
M)#U)7D-1HFE89TFX:)$M5N6($T<E&"4023LE85]'/+EYT$U)#&7FF806:NBA
MB":J*$*#+MJ9<PI&6EVC$U4&(4.VA/F@3)1N^IBC"MU&95^<DLAHI)Z>FAY%
M0`KIZJH@.O]D7W%8`=!ID=$U=*NKC5(%`(>Q\OI@)"2UD>1^/>T:)*@'I?D/
M:796I(TVDA"K6;0.*;6BKI!^:E%O)3RDC:8QU?71I=X6=1ZS!K4:&P!(Z.6L
M3!4ZYJ&*5Q%IV7@+X8O1O"#51M*QCZ(ZT8_P-FHFPN3^<YM?@E'5\(("^9/3
MFF+A2;"WM]YE(D)CMJ=7O=3U!K%6`M&X5%/XMH1$F#0A>5J75RFU<8`3@77?
M53F6IV^IWOXSZ\TA>2B2ORSZM+)3V@YTV\Y`!_VL2T0OA#!CH7(UT7`_`>M0
M;UHG5U)F5'KUG'VT90NG+4AE=ER`P0U&TER``?@EQC3Y:7#,RAK_BJ[#0E6-
MT,,38Q8XS09I!&='U7V9H-45(@4UNPG];675-&$L$%4R;IG$Q&U*7)ZO.[MM
MFBUDNGE6V@7-!]'?P<946Q)(]+W?36VX@2WEE5:.'T'A\2X=[%)#9[OPV:F*
M_/+,-^_\\]!'GVO0EDIO_;K;/7G\\Y,>Z/NVQ?-&(^](FXI:;?RA=V-7`M)4
MN*J#$L\[@[+;V,;;[O>N_/=!;J]_2TM3DOFJM"'#V85_!>-6`BLBH^/!KC*9
MBUJ`AM:ZR;UJ>JDR'VS\!S^#)20GX4(-ZN#EHK,$D#SET\N@9&-!IN0&7J"S
MU?5PAD"(]`4I1AM@KCR&.N)$0G`.:PVSZY"60OUU*H)[\55AYC.MRDQK6G"J
M5J!\(I1([.XA3;L*I3B(D")")&;GV<91FBA&,9:+7^##H$R\>,&/F`R+(FM*
MS\XU/212[!]LY&)$+"9#AICL?1_)H0#EM[D6PFJ!!8--`0DI$3;B\1\_0PA@
MW*#'@KB++FA\':H<R1V75'(@_A(0IGH"R$`*D2D(`R)#.)FR3%:*E4DTY$#&
M<C(M1A*13Y'E*@G"2C[&"U?">DQ.;B9*%0),A_KAH]>N@K`^9G!_`D&"+@4I
M0!M)LY309-$MOS<HMN@R)G],B%(^Z9J-<-")EZ3A(2N')[W_@3-9@XN,"B_&
M3'E:!);^<67&#NBS4\*$0O!4SQ<#6K^"3.D_WBN(N9KE21LQ4)B_"EC6:*66
M'/FSFJ^;U9\8]\_8]$25%D';0R7R,*$(%'L#$6E!9H5-E*JQ@,M*3S%/XD@R
MA5`M*MT/XH`ISH]>)"560T(M7P<GS6%*)_S4Y,$`<--_@&57C-30125BG[?9
M)).Y*8QY'/<YCJ!OA[5ZG%(GLJ6N?`<`/8IIMCBZ$)65``GA>=KG`N0L-P`E
M;:N+94-Q--6L_=*A%9D54%IZ$ONX,VM6#14\0\:ZBA5&;GMUFDY4N:?#EH=Y
MZP'I7N;V-9/&Q45ML,MW$BM9,%6)MY0E,&KL[MA1G%%3H4V5;-F.6@(WD%*2
M5=FF;"@*2?JD)"U#7:T.M5BE81YU3>QC*AQYLK&S2$*H8?(,U&)6EI`%5Q*Q
MS69SOCJ:.`ZNKY!<YG#K$Y74\B:T'<D<?%[(%?B`<&)\*4RF<*(N1/'G1\&M
M(6RO^";;N*$H,,N4TXKR0^D]R4KGF^%E"VI#U:),P6U,WAXA/!W8X`NJ,TP?
;H13FP0[#1;@+5B"[R$GA$IOXQ"A.\40"`@`[
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
