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<SEC-DOCUMENT>0001277645-07-000010.txt : 20070207
<SEC-HEADER>0001277645-07-000010.hdr.sgml : 20070207
<ACCEPTANCE-DATETIME>20070207134752
ACCESSION NUMBER:		0001277645-07-000010
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070207
FILED AS OF DATE:		20070207
DATE AS OF CHANGE:		20070207

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:		07587311

	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>bceedgar_q4.htm
<DESCRIPTION>BCE Q4 INVESTOR BRIEFING
<TEXT>
<HTML>
<HEAD>
   <TITLE> BCE Fourth Quarter Investor Briefing</TITLE>
  <meta equiv="Content-Type" content="text/html; charset=windows-1252">

</HEAD>

<BODY bgcolor="#ffffff">
<hr size="4" noshade>
<P>
&nbsp;</P>

<P align="center">
<b><font size="4" face="Arial">SECURITIES AND EXCHANGE COMMISSION </font> <br>
WASHINGTON, D.C. 20549</b></P>
<font size="4">
<P align="center">
<font size="5">
<b>FORM 6-K</b></P>
</font></font>
<P align="center">
<B><font face="Arial">REPORT OF FOREIGN PRIVATE ISSUER</font> </B></P>
<P align="center">
Pursuant to Rule 13a-16 or 15d-16 under<br>
the Securities Exchange Act of 1934</P>
<font size="4"><BR>
&nbsp;<table border="1" width="100%" bordercolorlight="#FFFFFF" bordercolordark="#FFFFFF" bgcolor="#FFFFFF" height="25">
	<!-- MSTableType="layout" -->
	<tr>
		<td width="50%" valign="top" bordercolorlight="#FFFFFF" bordercolordark="#FFFFFF" bgcolor="#FFFFFF">
<font size="2">For the month of: <b>February 2007</b></td>
		<td width="50%" valign="top" bgcolor="#FFFFFF" align="right" bordercolorlight="#FFFFFF" bordercolordark="#FFFFFF" height="19">
<font size="2">Commission File Number: <b>
1-8481</b></font></td>
	</tr>
</table>
<p><BR>
</p>
</font>
<font size="6">
<P align="center">
<b>BCE Inc.</b><BR> </font>
<font size="2"><i>(Translation of Registrant&#146;s name into English)</i></P>
<P align="center" style="line-height: 150%">
<b>1000, rue de La Gaucheti&#232;re Ouest, Bureau 3700, Montr&#233;al, Qu&#233;bec H3B 4Y7, (514)&nbsp;870-8777<BR>
</b><i>(Address of principal executive offices)</i></P>
</font>
<P>
<font size="2">Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
</font></P>
<P align="center">
<font size="2">
Form 20-F [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Form 40-F [X]</P>
<P>
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.</P>
<P align="center">
&nbsp;Yes [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; No [X]&nbsp;</P>
<P>
If &#147;Yes&#148; is marked, indicate below the file number assigned to the Registrant in connection with Rule 12g3-2(b): 82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>.</P>

<p class="MsoPlainText" style="text-align:justify">
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.</p>
&nbsp;<P>
&nbsp;</P><hr noshade align="center" width="100%" size="4">
<p>&nbsp;</p>
</font>
<P align="center">
<font face="Arial">
<B>SIGNATURE</B></font></P>
<font size="2">
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.</P>
<P>
<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><b>BCE Inc.</b><BR>
<BR>
<BR>
<BR>
<I>(signed) Siim Vanaselja</I></TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-top: 1px solid #000000" align="left">Siim A. Vanaselja<BR>
Chief Financial Officer<BR><BR><BR>

	Date: February 7, 2007</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<font face="Arial">


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</p>
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<font size="2">

<div align="center" style="font-size: 13px; font-family: times new roman; color: #333333">


<p align="right">
&nbsp;</p>
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    <td align="left" colspan="2" width="530" style="font-size: 13px; font-family: times new roman; color: #333333">
	<img border="0" src="cover1.jpg" width="322" height="272"></td>
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    <td align="left" valign="top" bgcolor="#231f20" width="265" style="font-size: 13px; font-family: times new roman; color: #000000">
	<img border="0" src="cover2.jpg" width="222" height="292"></td>
    <td align="left" valign="top" style="border: 1 solid #000000; font-size:13px; font-family:times new roman; color:#333333" width="265">
      &nbsp;<p style="font-size:90%; text-indent: -12; margin-left: 12; margin-top: 0; margin-bottom: 18">CONTENTS</p>
		<p style="font-size:90%; text-indent: -12; margin-left: 12; margin-top: 0; margin-bottom: 10px">
		The Year in Review&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
		2</p>
		<p style="font-size:90%; text-indent: -12; margin-left: 12; margin-top: 0; margin-bottom: 10px">
		The Quarter at a Glance<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
		6</font></p>
		<p style="font-size:90%; text-indent: -12; margin-left: 12; margin-top: 0; margin-bottom: 10px">
		Supplementary Financial Information&nbsp;&nbsp;&nbsp;&nbsp; 18</p>
		<p style="font-size:90%; text-indent: -12; margin-left: 12; margin-top: 0; margin-bottom: 18">
		Accompanying Notes<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
		30</p>
      </td>
  </tr>
</table>

<table width="510" cellspacing="0" cellpadding="0" border="0" id="table44">
  <tr valign="bottom">
    <td align="left"width="510" style="font-size: 13px; font-family: times new roman; color: #333333"><hr noshade color="#000000" size="12"></td>
  </tr>
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  </center>
</div>


&nbsp;<p><I>THE YEAR IN REVIEW</I></p>
<table border="1" width="100%" cellspacing="0" cellpadding="6" style="border-collapse: collapse" bordercolor="#000000" id="table31">
	<tr>
		<td><font size="2">In this report, we, us, our and BCE&nbsp;mean
BCE&nbsp;Inc., its subsidiaries and joint ventures. References to Bell Aliant include
matters relating to, and actions taken by, both Aliant&nbsp;Inc. prior to July&nbsp;7,
2006, and Bell Aliant Regional Communications Income Fund on
and after such date. The information contained in this report is unaudited.</font></td>
	</tr>
</table>
<P>
<font size="2">Our results for 2006 showed step-by-step progress in operational execution as underlying business trends began to exhibit signs of improvement. We intensified our focus on generating profitable recurring service revenue streams, while continuing to
drive productivity improvements and cost efficiencies throughout the organization. Our growth services portfolio, which grew by about 11% this year, now represents a majority of Bell&nbsp;Canada&#146;s revenues, accounting for 51% of the total at the end
of 2006. This was enabled by a significant improvement in wireless, video and Internet average revenue per user (ARPU), as well as by increased sales of information and communication technology (ICT) solutions. As expected, local line losses in 2006
increased year-over-year as a result of the expanded competitive presence of lower-priced cable telephony service offerings in our markets. Our focus on profitable and disciplined subscriber growth, coupled with cost savings of more than $700
million and a reduced emphasis on low margin product sales, allowed us to maintain stable EBITDA<font size="-2"><SUP>(1)</SUP></font> margins at Bell&nbsp;Canada
year-over-year, despite the expected ongoing erosion of our legacy wireline business. Higher EBITDA, as well as capital spending
efficiency, helped to drive an improvement in free cash flow<font size="-2"><SUP>(1)</SUP></font> in 2006. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We also made steady progress in the area of customer service this year by dealing with customer issues more promptly, enhancing the performance of our high-speed Internet network and improving service for wireline
installations and repairs, all of which contributed to a higher level of customer satisfaction.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In line with our corporate simplification program, we completed a number of important steps during the year to reshape the company&#146;s asset portfolio and bring greater focus to Bell&nbsp;Canada&#146;s core communications
operations. In addition to selling our remaining interest in CGI Group&nbsp;Inc. and reducing our interest in CTVglobemedia&nbsp;Inc. (formerly Bell Globemedia&nbsp;Inc.) to 15%, we created the Bell Aliant Regional Communications Income Fund (Bell Aliant),
announced the sale of our satellite services subsidiary Telesat Canada (Telesat) and began the process of rationalizing BCE&nbsp;Inc.&#146;s holding company structure. As a result of these strategic initiatives and others that we have completed over the
last few years, we have simplified our corporate organization, improved the revenue mix between growth and legacy products and services, and strengthened our operational capacity.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In our Residential segment, the combination of subscriber growth and significant ARPU increases in our wireless, video and Internet businesses contributed to revenue growth in 2006. These more than offset the impact of
ongoing customer erosion in our high-margin local wireline and long distance business and price reductions mandated by certain regulatory decisions. In addition to our focus on balancing growth with profitability in our wireless, video and Internet
units, lower year-over-year net activations in our growth services resulted from more aggressive competition in wireless and Internet, as well as from weaker retail performance in all three markets. Lower subscriber acquisition costs and savings
from various cost reduction initiatives moderated the loss in operating income from increased local line losses.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In our Business segment, increased sales of Internet Protocol (IP) based connectivity and ICT solutions to our Enterprise and small and medium-sized business (SMB) customers, strategic product pricing and improved
wireless results drove revenue growth in 2006. Cost savings from workforce reductions, outsourcing and other productivity improvements, as well as a shift away from less profitable contracts, helped to offset the negative impact on operating margins
from the continuing evolution in product mix from higher margin legacy services to IP-based services.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the Bell Aliant segment, growth in revenues from Internet, data and information technology (IT) services more than offset declining revenues from traditional wireline services attributable to expansion by
competitors, technology substitution and regulatory constraints. Higher revenues, in combination with ongoing expense management driven by productivity initiatives, led to improved operating income and stable operating margins in 2006.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the Other Bell&nbsp;Canada segment, operating income in 2006 increased before reflecting restructuring and other items related to the formation of Bell Aliant and the costs associated with our 2006 workforce reduction
program. The year-over-year improvement was due mainly to lower cost of goods sold and a decline in labour costs, despite the offsetting impact of lower revenues directly attributable to the ongoing competitive market conditions in our wholesale
business and sales of fibre and access capacity in 2005.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Within the Other BCE&nbsp;segment, revenue growth at Telesat was driven by higher overall broadcast revenues, increased sales of its two-way broadband services and improved performance at its subsidiaries, despite the sale
of services for the installation and maintenance of an interactive distance learning network in 2005 that did not recur this year. Although operating costs were well controlled, operating income was negatively impacted by special compensation costs
related to senior executive changes in late 2006. </font> </P>
<P>
<I><font size="2">(1) EBITDA, operating income before restructuring and other items, net earnings before restructuring and other items, net gains on investments and costs incurred to form the Bell Aliant Regional Communications Income Fund (Bell Aliant), and free
cash flow do not have any standardized meaning prescribed by Canadian generally accepted accounting principles (GAAP) and are therefore unlikely to be comparable to similar measures presented by other companies. For more details on these measures,
including a reconciliation to the most comparable GAAP measure, please refer to the section entitled
</font> </I><font size="2">Non-GAAP Financial Measures </font> <I>
<font size="2">contained herein.</font></I></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 2&nbsp;&nbsp;&nbsp; </font> </I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
CUSTOMER CONNECTIONS</P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">&nbsp;2006
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">CONNECTIONS&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">NET
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">DECEMBER 31,&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="2">(in thousands)</font></I><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">ACTIVATIONS
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">2006&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="5">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">NAS&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(525</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">12,056</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">High-Speed Internet&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">267</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">2,462</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">432</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">5,873</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">93</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">1,820</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="5">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<ul>
	<li><font size="2"><B>Network Access Services (NAS) </B>&#150; NAS in service declined by 525,000 in 2006 or 4.2%, representing a higher rate of decline when compared with a rate of 2.5% reported in 2005. The accelerated rate of erosion in the number of local
access lines was due primarily to the competitive entry in 2005 of cable operators in our Qu&eacute;bec and Ontario markets with lower-priced cable telephony services. Increased customer winbacks and higher wholesale demand for access lines in
Western Canada lessened the decline.</font></li>
	<li><font size="2"><B>High-Speed Internet </B>&#150; We added 267,000 new net high-speed Internet customers in 2006, increasing our base by 12.2% to 2,462,000. The net activations achieved in 2006 were lower than the 387,000 new subscribers acquired in 2005.
The year-over-year decline in new subscriber additions was due mainly to the fact that net activations in 2005 were fuelled by the growth of our Basic Lite products and extensive footprint expansion.</font></li>
	<li><font size="2"><B>Wireless </B>&#150; Our wireless subscriber base grew by 432,000 in 2006 to 5,873,000, representing a 7.9% increase compared with the previous year. While new subscriber activations were lower than the 516,000 achieved in 2005, higher
revenue-generating postpaid subscribers accounted for 71% of the total net activations in 2006, up from 56% in 2005, due to significantly improved customer retention. Although we experienced higher prepaid churn during the year, our overall churn
rate improved 0.1 percentage points, year-over-year, to 1.5%, due to lower postpaid churn.</font></li>
	<li><font size="2"><B>Video </B>&#150; In 2006, we activated service for 93,000 new net video customers, down from 224,000 in 2005, to end the year with 1,820,000 subscribers. This result represents a 5.4% increase in our subscriber base over the previous year.
The lower number of net activations in 2006 and the slight increase in our churn rate from 0.9% to 1.0% in 2006 can be attributed to more aggressive analog to digital conversion offers by cable operators, fewer sales in our retail channels compared
with the previous year, and our increased focus on profitable growth. Net activations in 2005 also reflected the acquisition of Cable VDN&nbsp;Inc., which added an incremental 12,500 customers to our video subscriber base.</font></li>
</ul>
OPERATING REVENUES<P>
<font size="2">In 2006, we generated revenues of $17,713&nbsp;million at BCE, an increase of 0.6% over the previous year, reflecting higher revenues at Bell&nbsp;Canada as well as at Telesat where performance improved largely as a result of higher broadcast
revenues. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues at Bell&nbsp;Canada grew by 0.7% to $17,348&nbsp;million, driven primarily by higher ARPU and an increase in the number of subscribers across all our growth services, steady revenue growth at Bell Aliant, and solid
wireless and ICT growth in our Business segment. Softer wholesale revenues and the negative impact from a number of Canadian Radio-television and Telecommunications Commission (CRTC) decisions, including a mandated reduction in local rates
associated with the Price Caps deferral account, a mandated reduction in the rates we charge for switching and aggregation services to long distance service providers, and a mandated reduction in the fees we charge to competitive local service
providers for co-location in Bell&nbsp;Canada&#146;s switching offices, curtailed revenue growth. In total, these regulatory rulings reduced Bell&nbsp;Canada&#146;s revenues in 2006 by about $61&nbsp;million. In addition, the results for Bell&nbsp;Canada in 2005
included revenues from a number of non-recurring sources which adversely affected our revenue growth rate in 2006. These included the sale of customer contracts in our Enterprise unit related to legacy point-of-sale systems, fibre and access
capacity sales in our Wholesale unit, the sale of U.S. conferencing solutions contracts in our SMB unit, the early termination of a cross-border facilities contract and the recognition of deferred revenues related to prepaid minutes that would
otherwise go unused.</font></P>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 3&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006 INVESTOR
BRIEFING </font> </P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>THE YEAR IN REVIEW</I></p>
<p>OPERATING INCOME AND EBITDA<font size="2"><SUP>(1) </SUP></font></p>
<P>
<font size="2">Operating income at BCE&nbsp;in 2006 was $3,332&nbsp;million, down from $3,759&nbsp;million in 2005, due largely to $355&nbsp;million of restructuring and other items associated with employee departures initiated at Bell&nbsp;Canada, the relocation of employees and closing
of real estate facilities related to a reduced workforce, transaction costs from the formation of Bell Aliant, and costs incurred under a proposal to reorganize the company into an income trust and to simplify our corporate structure.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income before restructuring and other items<font size="-2"><SUP>(1) </SUP></font>in 2006 was $3,687&nbsp;million or $127&nbsp;million
lower than the previous year. Increased net benefit plans cost and higher amortization expense more than offset an
improvement in EBITDA. EBITDA for BCE&nbsp;in 2006 increased $95&nbsp;million or 1.3%,
year-over-year, to $7,329&nbsp;million due to higher EBITDA at Bell&nbsp;Canada.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Similarly, Bell&nbsp;Canada&#146;s operating income in 2006 was $3,353&nbsp;million, down from $3,755&nbsp;million in 2005, mainly because of the restructuring costs and other items previously discussed. Operating income before
restructuring and other items was $3,685&nbsp;million or $124&nbsp;million lower than 2005, due to higher net benefit plans cost and amortization expense offset partly by higher EBITDA. EBITDA at Bell&nbsp;Canada increased 1.4% to $7,289&nbsp;million this year, due
entirely to higher revenues despite the continued erosion of our NAS wireline customer base. Operating expenses, which remained virtually unchanged
year-over-year, benefited from lower labour costs mainly as a result of workforce reductions,
increased cost savings from supply chain and process improvement initiatives, lower wireless and video customer acquisition costs, as well as lower expenses as a result of costs incurred in 2005 to restore service levels as we recovered from a
labour dispute with our technicians in Ontario. These lower costs were offset by higher wireless customer retention costs and marketing expenses, higher operations costs associated with an increased volume of connection and service requests,
increased capital taxes, and higher operating expenses from various business acquisitions made over the past year.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In line with our objective for 2006 to keep Bell&nbsp;Canada&#146;s EBITDA margin stable
year-over-year as we continue to transform the company into an IP-based growth services company, we increased Bell&nbsp;Canada&#146;s EBITDA
margin to 42.0% from 41.7% in 2005. This was accomplished as a result of higher overall revenues and improved EBITDA performance.</font></P>NET EARNINGS / EARNINGS PER SHARE (EPS)<P>
<font size="2">Net earnings applicable to common shares were $1,937&nbsp;million, or $2.25 per common share in 2006, 2.4% higher than net earnings of $1,891&nbsp;million, or $2.04 per common share in 2005. Included in net earnings this year was a charge of $222&nbsp;million from
restructuring and other items, net gains on investments of $525&nbsp;million and costs incurred to form Bell Aliant of $42&nbsp;million, compared with a net charge of $10&nbsp;million for the same period last year. Net gains on investments in 2006 included the
recognition of a future tax asset totalling $434&nbsp;million in respect of approximately $2,341&nbsp;million of previously unrecognized capital loss carryforwards. These tax losses are being recognized as a result of the agreement we have entered into for
the sale of Telesat. Net earnings before restructuring and other items, net gains on investments and costs incurred to form Bell Aliant<font size="-2"><SUP>(1) </SUP></font>of $1,676&nbsp;million, or $1.95 per common share, were down $225&nbsp;million, or $0.10 per share. The
decrease was a result of higher amortization expense, higher net benefit plan cost and discontinued operations, partly offset by improved EBITDA performance and the positive impact on EPS of the Normal Course Issuer Bid (NCIB) share repurchase
program. The decrease was further offset by the favourable impact on EPS as a result of the share consolidation associated with the distribution of a 28.8% interest in Bell Aliant to BCE&nbsp;Inc. common shareholders as well as by lower income tax
expense. </font> </P>
CAPITAL EXPENDITURES<P>
<font size="2">For full-year 2006, capital expenditures of $3,133&nbsp;million for BCE&nbsp;were $224&nbsp;million or 6.7% lower than in 2005. As a percentage of revenues, capital expenditures decreased to 17.7% in 2006 from 19.1% last year. Similarly, Bell&nbsp;Canada&#146;s capital
expenditures decreased 6.3% this year to $2,921&nbsp;million. As a result, Bell&nbsp;Canada&#146;s capital intensity declined 1.3 percentage points in 2006 to reach 16.8%. Lower capital expenditures in 2006 reflected reduced spending in the legacy areas of
our business as we focus increasingly on key strategic priorities within our growth services. Our key strategic priorities for 2006 included the expansion of the fibre-to-the-node (FTTN) footprint to deliver higher-speed broadband access, further
deployment of our Evolution, Data Optimized (EVDO) wireless high-speed mobile data network, investment in our IPTV platform, as well as enhancements to the quality and breadth of our wireless and DSL networks. In addition, the year-over-year
decreases in spending at both BCE&nbsp;and Bell&nbsp;Canada reflected reduced expenditures on IT infrastructure and systems to support our cost reduction program and productivity initiatives, lower spending at Bell Aliant and the completion in the fourth
quarter of 2005 of the Alberta SuperNet (a next-generation broadband access network). The difference in capital expenditures between BCE&nbsp;and Bell&nbsp;Canada was due to spending on satellite builds at Telesat.</font></P>
<P>
<I><font size="2">(1) EBITDA, operating income before restructuring and other items, net earnings before restructuring and other items, net gains on investments and costs incurred to form Bell Aliant, and free cash flow do not have any standardized meaning
prescribed by Canadian generally accepted accounting principles (GAAP) and are therefore unlikely to be comparable to similar measures presented by other companies. For more details on these measures, including a reconciliation to the most
comparable GAAP measure, please refer to the section entitled </font> </I>
<font size="2">Non-GAAP Financial Measures </font> <I><font size="2">contained herein.</font></I></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 4&nbsp;&nbsp;&nbsp; </font> </I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p>CASH FROM OPERATING ACTIVITIES AND FREE CASH FLOW<font size="-2"><sup>(1)</sup></font></p>
<P>
<font size="2">Cash from operating activities was $5,389&nbsp;million in 2006, an increase of $52&nbsp;million or 1.0% compared to $5,337&nbsp;million in 2005. Cash from operating activities was impacted positively by an improvement in cash earnings
resulting from higher EBITDA, a decrease in pension and other benefit plan payments, a decrease in interest payments, and an improvement in working capital. These improvements were partly offset by a decrease in proceeds from the sale of accounts
receivable in 2005, compensation payments on the vesting of restricted share units (RSUs) granted for a two-year performance period that ended at December&nbsp;31, 2005, and an increase in restructuring payments as a result of the pay equity settlement
announced in Q2 2006.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We generated $708&nbsp;million of free cash flow for 2006, representing an increase of $139&nbsp;million or 24% compared to the $569&nbsp;million achieved in the previous year. The increase can be attributed to a decrease in capital
expenditures and an increase in cash from operating activities. This was partly offset by an increase in dividends paid to non-controlling interest mainly for distributions made by Bell Aliant and insurance proceeds received by Telesat in 2005.</font></P>
<P>
<I>(1) EBITDA, operating income before restructuring and other items, net earnings before restructuring and other items, net gains on investments and costs incurred to form the Bell Aliant Regional Communications Income Fund (Bell Aliant), and free
cash flow do not have any standardized meaning prescribed by Canadian generally accepted accounting principles (GAAP) and are therefore unlikely to be comparable to similar measures presented by other companies. For more details on these measures,
including a reconciliation to the most comparable GAAP measure, please refer to the section entitled
</I>Non-GAAP Financial Measures <I>
contained herein.</I></P>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 5&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006 INVESTOR
BRIEFING </font> </P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>THE QUARTER AT A GLANCE</I></p>
<P>
<font size="2">In the fourth quarter, we announced a number of initiatives that return capital to our shareholders and enhance our value proposition. We increased our dividend for 2007 by 11% to $1.46 per common share on an annualized basis and announced the
renewal of our share buyback program with a NCIB targeting approximately 5% of BCE&nbsp;Inc.&#146;s outstanding common shares.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to our financial performance, we delivered results that were essentially in line with our expectations for the quarter. Total revenues in the quarter were flat
year-over-year, due mainly to the continued
erosion of our legacy business, the adverse impact of mandated regulatory rate reductions for local services, and revenues from a one-time telecommunications services contract secured in Q4 2005. As expected, local line losses increased in the
quarter due to more intense cable telephony competition in certain of our markets. However, these losses were offset in part by the positive impact of our customer winback activities. In line with our focus on profitability and revenue quality, we
generated higher ARPU across all our growth services. This contributed to higher EBITDA at Bell&nbsp;Canada, which improved for a fourth consecutive quarter to reach a growth rate of 2.7% in Q4 2006, reflecting our continued focus on operational
execution, a shift away from less profitable contracts, lower subscriber acquisition costs, productivity improvements and greater control over operating costs.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial performance in our Residential segment reflected ARPU increases across all our growth services, which generated sufficiently higher revenues
year-over-year to more than offset the reduction in legacy wireline
revenues stemming from increased local line losses to cable telephony competition. Wireless, video and high-speed Internet subscriber growth was adversely affected by softer net activations, due mainly to intense competition in wireless and Internet
and reduced retail store traffic in all three markets when compared with the 2005 holiday period. The resulting decrease in subscriber acquisition costs, as well as careful cost management, helped to offset the impact on operating income from
continued erosion in our high-margin local wireline and long distance business.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In our Business segment, profitability improved during the quarter mainly as a result of higher gross margins brought about by lower operating expenses, productivity improvements and a shift away from less profitable
contracts. This was achieved despite the continuing change in product mix from higher margin legacy services to IP-based services. Overall revenues were unchanged
year-over-year, as higher wireless and wireline access revenues were offset by a
decrease in ICT sales to our Enterprise customers, as well as by ongoing declines in long distance and legacy data revenues.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the Bell Aliant segment, revenues increased as growth in Internet and IT outpaced the decline in the traditional wireline business resulting from competitive losses, technology substitution and regulatory
constraints. Higher revenues this quarter, in combination with ongoing expense management driven by productivity initiatives, contributed to maintaining stable operating margins
year-over-year.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the Other Bell&nbsp;Canada segment, the challenging market conditions in our wholesale business due to ongoing pricing pressures in long distance and customers migrating voice and data services onto their own network
facilities contributed to the decrease in revenues. A contract secured in Q4 2005 to restore telecommunications service to the areas affected in the United States by Hurricane Katrina also adversely affected revenue growth in the quarter. Although
operating income was negatively impacted by lower revenues and restructuring charges related mainly to our 2006 workforce reduction and corporate simplification initiatives, lower operating costs and productivity improvements partly offset the
decrease. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telesat reported solid revenue growth for the fourth quarter reflecting increased sales of its broadcast and two-way broadband services as well as improved performance at its Infosat subsidiary. Operating income at
Telesat was impacted by higher cost of sales as well as by special compensation costs related to senior executive changes made in the previous quarter.</font></P>
<P>
CUSTOMER CONNECTIONS</P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2006
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">CONNECTIONS&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">NET
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">DECEMBER 31,&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="2">(in thousands)</font></I><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">ACTIVATIONS
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">2006&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="5">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">NAS&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(181</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">12,056</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">High-Speed Internet&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">59</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">2,462</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">169</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">5,873</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="76%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">1,820</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="5">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<ul>
	<li><font size="2"><B>Network Access Services (NAS) </B>&#150; NAS in service declined by 181,000 during the quarter, compared with 122,000 in Q4 2005, reflecting an increase in line losses to the cable operators offering low-priced, multi-product bundled cable
telephony services in our Qu&eacute;bec and Ontario markets. This loss was partly offset by increased customer winbacks and higher wholesale demand for access lines in Western Canada. Over the past twelve months, our local access customer base has
decreased by 4.2%, compared with an annualized erosion rate of 3.7% reported in the previous quarter.</font></li>
	<li><font size="2"><B>High-Speed Internet </B>&#150; We added 59,000 new net high-speed Internet customers this quarter, compared to 61,000 net activations in Q4 2005, bringing our end-of-period customer base to 2,462,000 or 12.2% higher than in 2005. Despite
the lowest churn rate since Q1 2005 and higher residential net activations particularly in our Qu&eacute;bec market, subscriber growth in the fourth quarter was moderated by intense competition as well as by the impact of a major upgrade to our
order management system which limited the capacity of our retail channels and contact centre representatives to sell services.</font></li>
</ul>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 6&nbsp;&nbsp;&nbsp;</font> </I><font size="2">BCE&nbsp;INC. 2006 INVESTOR
BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<ul>
	<li><font size="2"><B>Wireless </B>&#150; We grew our wireless subscriber base by 169,000 this quarter, down from net activations of 210,000 in Q4 2005, resulting in an end-of-year subscriber count of 5,873,000. Despite an improvement in the overall churn rate
from 1.5% in Q4 2005 to 1.3% this quarter, total net activations decreased
	year-over-year due primarily to lower postpaid gross activations resulting from competitors&#146; aggressive acquisition offers, incentives, and handset pricing. A decrease
in consumer foot traffic in our retail channels compared with the 2005 holiday season also adversely affected postpaid subscriber acquisition.</font></li>
	<li><font size="2"><B>Video </B>&#150; We activated 32,000 new net video subscribers in the quarter, compared to 50,000 in Q4 2005, bringing our total subscriber base to 1,820,000 for a 5.4% increase over the previous year. The relatively fewer number of new
subscriber activations in Q4 2006 compared with the previous year reflected reduced retail store traffic and weaker performance in our independent sales channels. Churn in the quarter remained unchanged, year-over-year, at 1.0%.</font></li>
</ul>
OPERATING REVENUES<P>
<font size="2">In Q4 2006, we generated revenues of $4,547&nbsp;million at BCE, an increase of 0.2% compared with the same quarter in 2005. Fourth quarter revenues at Bell&nbsp;Canada remained unchanged
year-over-year at $4,451&nbsp;million. Higher Residential segment revenues
driven by higher ARPU and subscriber expansion across all our growth services and improved revenue performance at Bell Aliant from solid growth in Internet and IT services and products were offset by lower traditional voice and data revenues
resulting from higher residential NAS losses and ongoing migration of business customers&#146; traffic to IP-based systems, lower ICT revenues, weaker wholesale revenues and a $21&nbsp;million negative impact from various regulatory rulings. The results
for Q4 2005 included $17&nbsp;million of revenues from a contract to provide telecommunications services to the areas affected in the United States by Hurricane Katrina.</font></P>
OPERATING INCOME AND EBITDA<P>
<font size="2">Operating income at BCE&nbsp;this quarter was $760&nbsp;million, down from $881&nbsp;million in Q4 2005, due to $91&nbsp;million of restructuring and other items associated with employee departure costs initiated at Bell&nbsp;Canada, costs incurred under a proposal to
reorganize the company into an income trust and to simplify our corporate structure, as well as other costs.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income before restructuring and other items in Q4 2006 was $851&nbsp;million or $54&nbsp;million lower than the same quarter in 2005. Increased net benefit plans cost and higher amortization expense more than offset an
improvement in EBITDA. EBITDA for BCE&nbsp;increased $33&nbsp;million or 1.9% to $1,773&nbsp;million, due to higher EBITDA at Bell&nbsp;Canada.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Similarly, Bell&nbsp;Canada&#146;s operating income in Q4 2006 was $782&nbsp;million, or $105&nbsp;million lower than Q4 2005, mainly because of $86&nbsp;million of restructuring costs. Operating income before restructuring and other items
was $868&nbsp;million or $43&nbsp;million lower than Q4 2005, due to higher net benefit plans cost and amortization expense offset partly by higher EBITDA.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA at Bell&nbsp;Canada increased by 2.7% in Q4 2006, representing the best quarterly growth rate of the year, to reach $1,779&nbsp;million. This result was due to a reduction in total operating expenses as revenues remained
unchanged year-over-year. Operating expenses decreased due primarily to lower wireless and video customer acquisition costs, lower labour costs from workforce reductions, ongoing cost savings from supply chain initiatives and productivity
improvements, as well as higher operating costs incurred in Q4 2005 to restore customer service levels as we recovered from a labour dispute. These lower costs were offset in part by higher wireless marketing expenses, higher bad debts expense, and
higher operating expenses from acquisitions made over the past year. As a result of improved EBITDA performance, Bell&nbsp;Canada&#146;s EBITDA margin increased to 40.0% in Q4 2006 from 38.9% in Q4 2005.
</font> </P>NET EARNINGS / EARNINGS PER SHARE (EPS)<P>
<font size="2">Net earnings applicable to common shares for Q4 2006 were $699&nbsp;million, or $0.84 per common share, compared to net earnings of $413&nbsp;million, or $0.44 per common share for the same period last year. Included in Q4 net earnings this year was a charge
of $66&nbsp;million from restructuring and other items and net gains on investments of $412&nbsp;million, compared with a net charge of $16&nbsp;million for the same period last year. The amount for net gains on investments in Q4 2006 includes the recognition of a
future tax asset totalling $434&nbsp;million related to approximately $2,341&nbsp;million of previously unrecognized capital loss carryforwards which will be applied against the anticipated gain on the sale of Telesat. Net earnings before restructuring and
other items, net gains on investments and costs incurred to form Bell Aliant of $353&nbsp;million, or $0.44 per common share, were down $76&nbsp;million, or $0.02 per share. The decrease was a result of higher amortization expense, higher net benefit plans
cost and discontinued operations, partly offset by improved EBITDA performance and the positive impact on EPS from the NCIB share repurchase. Net earnings in the quarter also reflect higher interest income and lower income tax expense. There was a
minimal impact on EPS as a result of the formation of Bell Aliant as the favourable impact from the decrease in tax expense resulting from the non-taxable portion of Bell Aliant&#146;s income and the reduction in BCE&nbsp;Inc.&#146;s outstanding common
shares related to the formation of Bell Aliant was offset by an increase in non-controlling interest.</font></P>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 7&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006
INVESTOR BRIEFING </font> </P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>THE QUARTER AT A GLANCE</I></p>
<p>CAPITAL EXPENDITURES</p>
<P>
<font size="2">Capital expenditures for BCE&nbsp;were $935&nbsp;million in Q4 2006, compared with $792&nbsp;million in the same quarter last year. As a percentage of revenues, capital expenditures increased this quarter as expected to 20.6% from 17.4% in Q4 2005. Similarly, Bell
Canada&#146;s capital expenditures increased 23% this quarter to $901&nbsp;million. As a result, Bell&nbsp;Canada&#146;s capital intensity in the quarter increased by 3.7 percentage points
year-over-year to 20.2%, partly as a result of delayed spending
earlier in the year. The majority of capital spending in the quarter was focused on key strategic priorities within the growth areas of our business. Accordingly, the year-over-year increases at both BCE&nbsp;and Bell&nbsp;Canada primarily reflected
incremental investment in our FTTN footprint expansion to deliver higher-speed broadband access, higher expenditures related to wireless growth and expansion of our high-speed mobile EVDO data network, as well as increased spending on IT
infrastructure and systems to support both our productivity initiatives and marketing development activities in our Business segment. This was partly offset by reduced spending in the legacy areas of our business. The difference in capital
expenditures between BCE&nbsp;and Bell&nbsp;Canada reflected spending on satellite builds at Telesat.</font></P>
CASH FROM OPERATING ACTIVITIES AND FREE CASH FLOW<P>
<font size="2">In Q4 2006, cash from operating activities was $1,527&nbsp;million, a decrease of $32&nbsp;million compared with $1,559&nbsp;million in Q4 2005. The lower cash from operating activities reflected
a decrease of $154&nbsp;million in proceeds from the sale
of accounts receivable in 2006. This was partly offset by a decrease in interest payments, an improvement in cash earnings from higher EBITDA and an improvement in working capital.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Free cash flow of $206&nbsp;million generated in Q4 2006 was $243&nbsp;million lower than free cash flow of $449&nbsp;million in Q4 2005. The decrease can be attributed to higher capital expenditures, an increase in dividends paid to
non-controlling interest mainly as a result of distributions made by Bell Aliant, decreased cash from operating activities, and insurance proceeds received by Telesat in 2005. These items were offset in part by a decrease in common dividends paid,
resulting from a reduction in common shares outstanding made concurrently with the Bell Aliant transaction and our share repurchase program.</font></P>STRATEGIC PRIORITIES<P>
<font size="2">Our strategy is to deliver integrated communication services to customers efficiently and cost effectively, and to take a leadership position in providing IP services. We continue to build on three key pillars that support this strategy: <I>Customer
Experience, Bandwidth </I>and <I>Next-Generation Services. </I>Advancing this strategy requires us to transform our cost structure and the way that we serve customers.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During the quarter, we made progress on each of our three key priorities and on transforming our cost structure.</font></P>
<P>
<I><font size="2">1) Enhancing customer experience by providing superior products and service that build loyalty</font></I></P>
<ul>
	<li><font size="2">Our multi-product household strategy continued to drive increased penetration of households subscribing to three or more products (a combination of local wireline, Internet, video, wireless and long distance services), reaching over 25% of
total households in our Ontario and Qu&eacute;bec footprint at the end of 2006, up from 22% at the end of 2005.</font></li>
	<li><font size="2">At the end of 2006, approximately six&nbsp;million clients were enjoying the benefits of a single bill for their wireline, Internet, video and/or wireless services (our One Bill program), compared with approximately two&nbsp;million at the beginning of
the year.</font></li>
	<li><font size="2">As a result of our DSL hardening program, which has improved the performance of the network through new software upgrades and installation of new hardware, we have reduced major outages of our high-speed Internet service by 12% in 2006
compared with the previous year. </font></li>
	<li><font size="2">We delivered improved service commitments and service levels in the fourth quarter by reducing the total number of missed appointments for fixed wireline installations and repairs by approximately
	9% and 17%, respectively, compared with the
same period last year. </font></li>
	<li><font size="2">Overall missed commitments in our SMB unit improved in
	the fourth quarter, with service assurance showing a gain of four percentage points.</font></li>
	<li><font size="2">Our first call resolution rate in the Residential segment decreased 1.4 percentage points, reflecting implementation issues associated with the upgrade of our order management system at Sympatico.</font></li>
	<li><font size="2">As at the end of 2006, 93% of our Enterprise customers had adopted our online bill manager tool, a service that provides self-serve capabilities for business customers, enabling them to view, track and pay invoices online and to produce
customized reports.</font></li>
	<li><font size="2">Our Enterprise unit began the implementation of Service Desk, which will integrate connectivity and ICT customer care to create a single point of contact for the customer.</font></li>
</ul>
<P>
<I><font size="2">2) Deliver abundant and reliable bandwidth to enable next-generation services</font></I></P>
<ul>
	<li><font size="2">We continued our rollout of FTTN by deploying another 302 neighbourhood nodes in Q4 2006, raising the total number of nodes deployed to 3,612.</font></li>
	<li><font size="2">Bell Mobility&nbsp;Inc. (Bell Mobility) continued to invest in its high-speed EVDO mobile data network by expanding the footprint to a number of cities and towns in Ontario and Qu&eacute;bec, including Kitchener-Waterloo, Oshawa, Guelph and
Sherbrooke, bringing coverage to 52% of the Canadian population.</font></li>
</ul>
<P>&nbsp;</P>
<P>
<I><font size="2">p. 8&nbsp;&nbsp;&nbsp;</font> </I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

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<P>
&nbsp;</P>
<P>
<I><font size="2">3) Create next-generation services to drive profitable future growth</font></I></P>
<ul>
	<li><font size="2">Bell ExpressVu enhanced its line-up of interactive television (iTV) programming, providing the best interactive and on-demand news, weather and sports experience.</font></li>
	<li><font size="2">Bell ExpressVu also continued to maintain its industry-leading position in high-definition (HD) programming in Canada with the launch of five new HD channels during the fourth quarter. HD television with its high-resolution images and
theatre-quality sound provides a viewing experience that is richer and more visually captivating than standard television.</font></li>
</ul>
<P style="margin-bottom: 0">
<I><font size="2">Transforming our cost structure</font></I></P>
<P style="margin-top: 0">
<font size="2">Overall, our various cost-reduction initiatives resulted in savings of $223&nbsp;million in the fourth quarter of 2006, bringing total savings for 2006 to $724&nbsp;million. These cost savings were realized primarily through process improvements in our
business units and our supply chain transformation program, contributing to an improvement in Bell&nbsp;Canada&#146;s EBITDA margin year-over-year.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost reductions from efficiency-related process improvements amounted to $98&nbsp;million in the quarter, bringing the full-year 2006 total to $341&nbsp;million. These savings were due primarily to:</font></P>
<ul>
	<li><font size="2">the One Bill program which has reduced the number of invoices printed and mailed to our Residential customers
	</font></li>
	<li><font size="2">improved scheduling of customer appointments and repair times, which enhanced our ability to solve customer problems with just one visit (our &#145;One and Done&#146; program)</font></li>
	<li><font size="2">contact centre efficiencies and changes to certain processes at our call centres, resulting in lower call volumes </font></li>
	<li><font size="2">workforce reductions resulting from &#145;One and Done&#146; and other operational efficiency initiatives.</font></li>
</ul>
<P>
<font size="2">Supply transformation savings of $125&nbsp;million in the quarter and $383&nbsp;million in 2006 were realized from:</font></P>
<ul>
	<li><font size="2">increased controls over discretionary spending </font>
	</li>
	<li><font size="2">reduced spending on IT services </font></li>
	<li><font size="2">outsourcing of selected contact centre call volumes
	</font></li>
	<li><font size="2">renegotiated contracts resulting in rate reductions and vendor rebates for wireless handsets, wireline data and voice equipment, and Internet portal services that we resell to our customers.</font></li>
</ul>
<P>
<font size="2">In the fourth quarter, an additional 90 employees departed, bringing the total number of employee departures associated with our 2006 workforce reduction program to 2,754. Approximately 200 temporary workers were hired in the fourth quarter to
handle short-term projects and peak loads associated with our growth businesses.
</font> </P>
CORPORATE DEVELOPMENTS<P style="margin-bottom: 0">
<I><font size="2">BCE&nbsp;will not proceed with income trust conversion</font></I></P>
<P style="margin-top: 0">
<font size="2">On December&nbsp;12, 2006, BCE&nbsp;announced that it would not move forward with the planned conversion of the company into an income trust as announced on October&nbsp;11, 2006 in light of the federal Minister of Finance&#146;s announcement on October&nbsp;31, 2006
to increase the level of taxation of income trusts. As a result, BCE&#146;s management and Board of Directors concluded it was no longer in the best interests of the company and its shareholders to proceed with the conversion. However, the company
is continuing with its previously announced plans to simplify its corporate structure and eliminate BCE&#146;s holding company operations, which is a further step in our plan to focus on Bell&nbsp;Canada and our core communications operations. As part of this
process, BCE&nbsp;Inc. intends, at its next annual shareholders meeting, and subject to shareholders&#146; approval, to change its name to Bell&nbsp;Canada&nbsp;Inc. and will have two operating businesses: Bell and Bell Aliant. Bell&nbsp;Canada also intends to change
its name to Bell&nbsp;Inc. at the same time. </font> </P>
<P style="margin-bottom: 0">
<I><font size="2">Dividend increase</font></I></P>
<P style="margin-top: 0">
<font size="2">On December&nbsp;12, 2006, BCE&nbsp;announced, subject to being declared by the board of directors, an 11%, or $0.14 per share, increase in its annualized common share dividend.</font></P>
<P style="margin-bottom: 0">
<I><font size="2">Completion and renewal of Normal Course Issuer Bid program</font></I></P>
<P style="margin-top: 0">
<font size="2">During the fourth quarter, BCE&nbsp;Inc. purchased 4.8&nbsp;million common shares for a total cost of approximately $136&nbsp;million, completing its current NCIB program. In total for 2006, the company repurchased for cancellation 45&nbsp;million common shares, or
approximately 5% of the company&#146;s outstanding common shares, for a cost of $1,241&nbsp;million, representing an average purchase price of approximately $27.50 per share. On December&nbsp;12, 2006, BCE&nbsp;Inc. also announced its plan to renew its share
buyback program for another twelve-month period to repurchase approximately an additional 5% of its outstanding common shares through a NCIB,
representing an estimated value in excess of $1&nbsp;billion. On February 6,
2007, the company received acceptance from the Toronto Stock Exchange (TSX) of
its notice of intention to make a NCIB.</font></P>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 9&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006 INVESTOR
BRIEFING </font> </P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>THE QUARTER AT A GLANCE</I></p>
<P style="margin-bottom: 0">
<I><font size="2">Local telephone deregulation</font></I></P>
<P style="margin-top: 0; margin-bottom: 0">
<font size="2">On December&nbsp;11, 2006, Canada&#146;s Minister of Industry announced a federal Cabinet decision to overturn the local forbearance framework established by the CRTC. The Cabinet has proposed instead a new, simpler facilities-based framework that
proposes to replace the CRTC&#146;s market-share test with one that emphasizes the presence of competitive infrastructure in a given geographical area. The Cabinet decision was in response to an appeal filed by Bell&nbsp;Canada and other established telephone
companies of an April 6, 2006 decision by the CRTC setting out its framework for price deregulation of local telephone service provided by traditional telephone companies.
</font> </P>
<P style="margin-bottom: 0">
<I><font size="2">Exchange of Bell&nbsp;Canada preferred shares</font></I></P>
<P style="margin-top: 0">
<font size="2">The Bell&nbsp;Canada plan of arrangement providing for the exchange of Bell&nbsp;Canada preferred shares for BCE&nbsp;Inc. preferred shares received both shareholder and court approval on January&nbsp;23, 2007. This arrangement is part of our corporate simplification
initiative. The share exchange and declaration of a one-time special dividend of $0.20 per Bell&nbsp;Canada preferred share outstanding became effective on January&nbsp;31, 2007 for holders of Bell&nbsp;Canada preferred shares of record at the close of business on
that date. </font> </P>
<P style="margin-bottom: 0">
<I><font size="2">Sale of Telesat</font></I></P>
<P style="margin-top: 0">
<font size="2">On December&nbsp;18, 2006, BCE&nbsp;Inc. announced the sale of its satellite service subsidiary Telesat to a new company formed by Canada&#146;s Public Sector Pension Investment Board (PSP Investments) and Loral Space &amp; Communications&nbsp;Inc. (Loral).
Consistent with BCE&nbsp;Inc.&#146;s stated strategy of concentrating on its core communications business, the company had previously announced its intention to surface the value Telesat represents for its shareholders through an initial public offering
or strategic sale. Net of Telesat&#146;s debt, BCE&nbsp;Inc. will, at closing, realize total proceeds of $3.25 billion from the all cash transaction. The sale is subject to customary closing conditions, including regulatory approval both in Canada and
the United States and the absence of a material adverse change affecting Telesat&#146;s business. The transaction is expected to close in mid-2007. In conjunction with the sale, BCE&nbsp;Inc. has put into place a set of commercial arrangements between
Telesat and Bell ExpressVu that guarantee Bell ExpressVu access to current and expanded satellite capacity, including services available after the launch of the Nimiq 5 satellite in 2009.</font></P>
<P style="margin-bottom: 0">
<I><font size="2">Privatization of Bell Nordiq Income Fund</font></I></P>
<P style="margin-top: 0">
<font size="2">On January&nbsp;16, 2007, Bell Aliant announced that the unitholders of Bell Nordiq Income Fund (Bell Nordiq) voted in favour of the Bell Aliant proposal to take Bell Nordiq private. Bell Nordiq unitholders were paid a Special Distribution of $4.00 per
unit in cash on January&nbsp;29, 2007 and received 0.4113 of a Bell Aliant unit in exchange for each Bell Nordiq unit on January&nbsp;30, 2007. Unitholders of record at the close of business on January&nbsp;26, 2007 were entitled to the Special Distribution. Bell
Nordiq units have ceased to trade on the TSX as of the close of business on January&nbsp;29, 2007 and were de-listed effective at the close of business on January&nbsp;30, 2007.</font></P>
<I>FINANCIAL RESULTS ANALYSIS</I><p><font size="2"><B>Residential Segment </B>
</font></p>
<P>
<font size="2">Residential revenues increased 1.3% in the fourth quarter of 2006 to $1,811&nbsp;million, reflecting a higher number of wireless, video and high-speed Internet subscribers and higher ARPU across all our growth services. The year-over-year improvement was
tempered by lower wireline (local and access and long distance) revenues as a result of higher NAS losses brought about by increased cable telephony competition, continued wireless long distance and VoIP substitution, the impact of CRTC-mandated
local rate reductions, as well as ongoing aggressive price competition.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Local and access revenues declined this quarter compared with Q4 2005, due mainly to NAS erosion and CRTC-required price reductions for basic service and related SmartTouch features. NAS decreased this quarter primarily
as a result of customer losses to cable companies and competitive local exchange carriers (CLECs), as well as to ongoing wireline to wireless substitution. The annualized NAS erosion rate increased in Q4 2006 as the major cable companies operating
in our Ontario and Qu&eacute;bec markets continued to expand their service footprints and to vigorously market low-priced cable telephony offerings through bundled offers with other services.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth quarter long distance revenues were also lower
year-over-year, reflecting a decrease in the overall volume of conversation minutes, and lower prepaid calling card sales. However, prudent price increases,
including an increase to our network access charge in Q2 2006 from $2.95 per month to $4.50 per month, higher overseas and calling card per-minute rates, as well as increases to some plan fees has enabled us to moderate the loss of residential long
distance revenues and to further slow down the year-over-year rate of erosion versus previous quarters.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth quarter Residential wireless revenues increased
year-over-year, mainly as a result of a higher average number of customers, price increases over the past year for certain services and features, a shift in the
subscriber mix towards higher-value rate plans, and the increased number of higher-than-average ARPU Solo and Virgin Mobile customers in our prepaid subscriber base.</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 10&nbsp;&nbsp;&nbsp;</font> </I><font size="2">BCE&nbsp;INC.
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<P>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></P>
<P>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Residential data revenues grew this quarter, fuelled by further growth in our high-speed Internet subscriber base and higher ARPU. The increase in ARPU has been driven by a number of price increases over the past year,
a reduction in customer credits, a 28% increase in revenues from our Sympatico.MSN.ca web portal and other value-added services such as security services and home networking. Higher year-over-year residential data revenues were moderated by the
impact of promotional offers on our Basic and High-Speed Edition products in Qu&eacute;bec. During the quarter, we implemented usage thresholds on all new high-speed acquisition offers in Qu&eacute;bec and Ontario, charging new high-speed customers
$1.50 per gigabyte (GB) above 30 GB of usage.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Double-digit revenue growth in our Video unit in Q4 2006 was driven by continued year-over-year subscriber growth and higher ARPU resulting from the impact of price increases implemented over the past year, customers
upgrading to enhanced programming packages, further growth of set-top box (STB) rentals, and higher pay-per-view revenues.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our Residential segment reported operating income of $342&nbsp;million this quarter, down 13.0% compared with Q4 2005. The decrease was due primarily to a higher rate of decline in our high-margin residential NAS wireline
customer base, increased marketing spend in our wireless unit, as well as increased amortization expense and net benefit plans cost. These factors were mitigated in part by higher revenues across all our growth services, a decrease in total wireless
and video subscriber acquisition expenses, lower contact centre costs driven largely by outsourcing of call volumes, the recovery from a labour dispute with technicians in Ontario that negatively impacted operating expenses in Q4 2005, as well as
ongoing savings from cost-reduction initiatives such as One Bill and more efficient scheduling of customer appointments and repairs.</font></P>
<B><font size="2">Business Segment</font></B><P>
<font size="2">Business segment revenues in Q4 2006 remained unchanged
year-over-year at $1,591&nbsp;million, reflecting increased revenues from our SMB and Bell West units offset by weaker performance in Enterprise.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Revenues generated by our Enterprise unit in the quarter decreased when compared with a strong fourth quarter in 2005, primarily as a result of the timing of ICT solutions sales particularly in the financial services
sector in Ontario and the public sector in Quebec, a de-emphasis on less profitable hardware equipment sales, as well as a decline in long distance and legacy data services revenue stemming from competitive price reductions and the ongoing migration
of our customers&#146; voice and data traffic to IP-based systems. Higher IP connectivity revenues and increased wireless revenues, as well as the contribution to revenues from companies acquired over the past year to enhance our ICT product
portfolio and create cross-selling opportunities with our Enterprise customers, helped to partly offset the year-over-year decrease. In addition, our Enterprise unit had a number of multi-year contract wins and renewals in the quarter totalling
over $850&nbsp;million in value.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our SMB unit delivered its best quarter of the year in terms of revenue growth, resulting from higher data, wireless and local and access revenues. Lower long distance and other revenues moderated the growth in
fourth quarter revenues. Double-digit data revenue growth was the result of solid ICT sales driven by increased penetration of value-added services (VAS) and improved cross-selling opportunities made possible by companies acquired in the past few
years to enhance our virtual chief information officer (VCIO) strategy, as well as continued demand for high-speed Internet access service connections. Despite intensifying competition, total VAS/VCIO revenues increased by 18% this quarter. Local
and access revenues increased in the quarter, despite continued local line losses to alternative telephony providers, reflecting the favourable impact of price increases in the third quarter of 2006 for basic local access. Long distance revenues
decreased year-over-year largely as a result of lower overall minute volumes, increased local line losses, and the expected weakening of our pay-phone business brought about by ongoing wireless and Internet substitution, offset partly by the
positive impact of strategic product pricing. Lower other revenues can be attributed primarily to a reduction in legacy voice equipment sales.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fourth quarter revenues at Bell West improved
year-over-year, mainly as a result of wireless subscriber and ARPU growth, increased data revenues generated from services on the Alberta SuperNet, higher data equipment
sales and continued growth in its SMB customer base. This was partly offset by a decrease in legacy data revenues due to increased migration of customer traffic to IP-based systems.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Business segment operating income in the fourth quarter increased 5.9% year-over-year to $235&nbsp;million from $222&nbsp;million in Q4 2005, mainly as a result of higher gross margins. Despite the continuing loss of
higher-margin legacy wireline voice and data business both to IP substitution and the competition, gross margin expansion was made possible by a reduction in the total amount of operating expenses needed to generate the same level of total revenues
year-over-year. Higher amortization expense and net benefit plans cost partly offset the year-over-year increase. In addition, ongoing productivity improvements and a continued de-emphasis of less profitable hardware equipment contracts contributed
to the improvement in fourth quarter operating income.</font></P>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 11&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006
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<p>&nbsp;</p>
<p><I>THE QUARTER AT A GLANCE</I></p>
<p><font size="2">

<B>Bell Aliant</B></font></p>
<P>
<font size="2">Bell Aliant revenues were $852&nbsp;million in the quarter, reflecting an increase of $15&nbsp;million, or 1.8%, compared with Q4 2005, as growth in data and other revenues more than offset declining revenues from local and access and long distance
services.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Local and access revenues decreased on a year-over-year basis in the quarter. This resulted mainly from a 2.0% decline in the NAS customer base, reflecting competitive losses mainly to cable telephony, the reduction in
second lines as dial-up Internet customers continued to migrate to high-speed services and the reduction in primary lines as customers adopt wireless and VoIP technologies. Long distance revenues also decreased
year-over-year, mainly as a result of
lower per-minute toll prices in the residential market and lower overall minutes of usage.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Data revenues grew solidly in the quarter and were attributable primarily to a significant increase in Internet revenues resulting from year-over-year subscriber growth of 24%. Subscriber growth in Q4 2006 resulted from
competitive marketing offers, proactive management of dial-up customer migration, expansion of the service area, success in marketing a new home business Internet service and the continued popularity of the PC purchase program.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Terminal sales and other revenues also increased this quarter compared with Q4 2005. The growth can be attributed to sizeable new contracts for systems integration, application services and managed outsourcing, as well
as to expansion of existing contracts resulting from our focus on key industry verticals in the enterprise market.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income increased by 5.1% in Q4 2006 to $205&nbsp;million from $195&nbsp;million in the same quarter last year, due mainly to lower amortization despite stable EBITDA. Strength in IT revenues in the quarter was offset by
a consequent increase in associated expenses.</font></P>
<B><font size="2">Other Bell&nbsp;Canada Segment</font></B><P>
<font size="2">Other Bell&nbsp;Canada segment revenues in Q4 2006 were $402&nbsp;million, representing a decrease of $20&nbsp;million or 4.7% compared with the same quarter in 2005. The year-over-year decline was due mainly to weaker performance of our Wholesale unit as a result
of continued pressure on long distance from a reduction in switched minute volumes and competitive pricing, lower rates on cross-border exchange traffic, decreased data revenues from customers migrating services onto their own network facilities,
the non-recurrence of revenue from a contract secured in Q4 2005 to restore telecommunications service to the areas affected in the United States by Hurricane Katrina, as well as the negative revenue impact from certain regulatory decisions
including a ruling with respect to rates we charge for switching and aggregation services to long distance service providers and a ruling related to the fees we charge to competitive local service providers for co-location in Bell&nbsp;Canada&#146;s
switching offices. This year-over-year decrease in fourth quarter revenues was partly offset by an increase in wholesale demand for local access capacity in Western Canada.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income for the Other Bell&nbsp;Canada segment was nil this quarter, down from $77&nbsp;million in Q4 2005. The decrease was due mainly to restructuring and other charges, which included costs for the involuntary
departure of employees and the associated relocation of employees and closing of real estate facilities no longer required as a result of our reduced workforce, the formerly planned reorganization of the company into an income trust and
simplification of our corporate structure, as well as other costs. Excluding restructuring and other items, operating income decreased by 15% in Q4 2006 to $86&nbsp;million, primarily reflecting lower revenues, higher operating costs due to a higher
volume of termination minutes from an increase in southbound traffic to the United States, as well as higher amortization and net benefit plans cost. Lower cost of goods sold from lower domestic and international long distance traffic, as well as
other cost reductions directly related to our workforce reduction and productivity initiatives, partly offset the negative year-over-year impacts on operating income.
</font></P>
<B><font size="2">Other BCE&nbsp;Segment</font></B><P>
<font size="2">Other BCE&nbsp;segment revenues were $142&nbsp;million this quarter or 8.4% higher than the same three-month period in 2005, mainly reflecting higher revenues at our satellite services subsidiary Telesat.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telesat&#146;s revenues increased 8.5% to $128&nbsp;million in the fourth quarter, due primarily to increased sales of its two-way broadband service using the Ka-band of the Anik F2 satellite, higher broadcast revenues, as
well as to the improved performance of its Infosat subsidiary. This was partly offset by reduced business activity in South America.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating income for the Other BCE&nbsp;segment decreased to negative $22&nbsp;million this quarter from negative $6&nbsp;million in Q4 2005. The year-over-year decrease was due to lower operating income at Telesat and higher
corporate expenses at BCE&nbsp;Inc.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Telesat&#146;s operating income declined 5.9% this quarter to $32&nbsp;million, mainly reflecting higher cost of network equipment sales and one-time special compensation costs related to senior executive changes made in
September&nbsp;2006. This decrease was offset partly by lower amortization expense related to the Anik F1 satellite.</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 12 </font> </I><font size="2">&nbsp;&nbsp;&nbsp;BCE&nbsp;INC.
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<p>&nbsp;</p>
<p><font size="2">

<B>Product Line Analysis</B></font></p>
<p><font size="2">

<B>Local and Access</B></font></p>
<P>
<font size="2">Local and access revenues this quarter decreased by 4.5% year-over-year to $1,288&nbsp;million, compared with the same quarter in 2005, mainly as a result of higher NAS erosion and the consequent loss of SmartTouch features revenue, and to lower revenue
from wireline maintenance plans. Local and access revenues were negatively impacted in the quarter by a CRTC decision associated with the Price Caps deferral account that took effect on June&nbsp;1, 2006 which mandated a reduction in local rates. This
regulatory ruling had an approximate $17&nbsp;million impact on local and access revenues in Q4 2006.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAS in service declined by 525,000, or 4.2%, since the beginning of the year, as a result of increased competition from cable operators for local telephone service, continuing losses to CLECs, and wireline to wireless
substitution. This rate reflected a higher level of local line losses than the previous year at both Bell&nbsp;Canada and at Bell Aliant, as the major cable operators in our incumbent territories sustained their intensive marketing efforts and further
expanded the footprint of their low-priced local telephony offerings across most of our Ontario and Qu&eacute;bec markets. This was offset partly by higher
wholesale demand for local access lines in Western Canada and an
increase in customer winbacks. </font></P>
<B><font size="2">Long Distance</font></B><P>
<font size="2">Long distance revenues were $422&nbsp;million in the quarter, reflecting a year-over-year decrease of 12.3% compared with Q4 2005. Lower long distance revenues affected all Bell&nbsp;Canada segments, due mainly to the impact of escalating wireless
substitution and continued NAS erosion. This year-over-year decrease was offset partly by an increase to the network charges for Residential and SMB customers implemented on April&nbsp;15, 2006, as well as by higher overseas and calling card per-minute
rates. Total minute volumes increased 1.0% this quarter to 4,595&nbsp;million conversation minutes from 4,550&nbsp;million in Q4 2005. As a result, ARPM decreased by $0.009
year-over-year to reach $0.088, reflecting competitive pricing pressures in all our
markets and a decline in overseas minute volumes.</font></P>
<B><font size="2">Wireless</font></B><P>
<font size="2">Gross wireless activations decreased 14.3% this quarter to 390,000, down from a record fourth quarter performance of 455,000 gross activations in 2005, as a result of lower postpaid gross activations which was partly offset by higher prepaid gross
activations. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postpaid gross activations in Q4 2006, which accounted for 57% or 224,000 of the total, represented a 27% decline over the 308,000 achieved in Q4 2005. The decrease can be attributed to our competitors&#146; relatively
more aggressive acquisition offers that featured gift incentives, discounted handset pricing and attractive new handsets, as well as to a noticeable decrease in consumer foot traffic in our retail channels when compared to the 2005 holiday season.
In addition, subscriber growth in the quarter was impacted by lower churn industry-wide. The relatively fewer number of customers switching service providers was expected as wireless service providers attempt to lock customers into long-term
contracts with handset upgrades and attractive rate-plan discounts ahead of the implementation of wireless number portability in March&nbsp;2007.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The 13% year-over-year growth in prepaid gross activations, which comprised the remaining 43% or 166,000 gross activations in the quarter, was driven by the strong performance of the Solo and Virgin Mobile brands
particularly in the youth segment of the market. Prepaid activations are traditionally the highest in the fourth quarter due to the commitment-free, gift-giving nature of the product.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our postpaid churn rate in Q4 improved on a year-over-year basis to 1.1% from 1.3%, reflecting the success of our customer retention activities and the strength of our value proposition, despite competitive market
pressures and tighter policies on the granting of customer discounts and hardware upgrades. Prepaid churn also decreased in the quarter, improving to 1.7% from 2.2% in Q4 2005 due to the deactivation of fewer inactive, non-revenue-generating
customer accounts. On a combined basis, as a result of both lower postpaid and prepaid churn, our blended churn rate for Q4 decreased to 1.3% this year compared to 1.5% for the same quarter in 2005.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of lower postpaid gross activations, our total wireless net activations decreased to 169,000 in Q4 2006 from 210,000 in Q4 2005, despite lower overall customer churn. For the quarter, 40% or 67,000 of the
total net activations subscribed to postpaid rate plans, while the remaining 60% or 102,000 subscribers chose a prepaid service. This compares with a postpaid-to-prepaid net activations subscriber mix of 60%-to-40% in the fourth quarter of 2005. As
at the end of 2006, our total number of cellular and PCS subscribers reached 5,873,000, representing a 7.9% increase over the past year. Postpaid rate plans represented 74% of our total subscriber base at the end of 2006, unchanged when compared to
the end of the previous year. </font> </P>
<P>
&nbsp;</P>
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<font size="2">p. 13&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006
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<HR noshade color="#000000">


<p>&nbsp;</p>
<p>

<I>THE QUARTER AT A GLANCE</I></p>
<P align="left">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless revenue growth of 14.5% in Q4 2006 was our best quarterly performance of the past two years. The increase in wireless revenues from $808&nbsp;million in Q4 2005 to $925&nbsp;million this quarter was driven by the
combined impact of higher ARPU and solid subscriber growth.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Postpaid ARPU reached its highest fourth quarter level ever, increasing by $2
year-over-year to $66. The improvement was achieved primarily as a result of strong growth in data usage and an increase in Bell
Mobility&#146;s system access fee from $6.95 to $8.95 per month. Higher data usage reflected the continued growth of text and multimedia messaging services, wireless Internet access, downloadable ringtones, music and games, as well as the continued
popularity of our &#145;Fuel Me&#146; bundled data offers and &#145;10-4&#146; push-to-talk service. Increased penetration of BlackBerry customers and other heavy users subscribing to higher-priced rate plans also contributed to the year-over-year
growth in postpaid ARPU. Offsetting these positive impacts on postpaid ARPU were lower value-added service revenues and lower basic access fee revenue as a result of the considerable number of customers subscribing to our &#145;All-in-One&#146;
plans (which were discontinued in February&nbsp;2006) where all service fees and a number of features are included as part of the monthly plan cost.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid ARPU also improved this quarter, increasing to $15 per month from $14 per month in Q4 2005. This result reflects increased penetration of Solo and Virgin Mobile customers in our prepaid subscriber base, who
generate a higher than average ARPU, the success of the President&#146;s Choice<sup>TM</sup> branded mobile service, as well as higher data usage.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a result of both higher postpaid and prepaid ARPU, blended ARPU increased by $2 this quarter to $53, compared with $51 in the fourth quarter of 2005.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless cost of acquisition (COA) increased 8.3% to $443 per gross activation in Q4 2006 from $409 per gross activation for the same quarter in 2005. Higher COA was primarily due to a lower number of total gross
activations year-over-year, an increase in marketing expenses associated with our Frank &amp; Gordon campaign, and higher sales commissions from our continued focus on acquiring higher-value subscribers. These impacts were partly offset by decreased
handset subsidies stemming from volume rebates and rate reductions received from handset manufacturers, pricing discipline despite intense competition, and a higher number of prepaid gross activations year-over-year.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wireless EBITDA increased by 29.3% to $402&nbsp;million this quarter from $311&nbsp;million in Q4 2005, driven by wireless revenue growth, decreased customer acquisition costs due to lower gross subscriber activations in the
fourth quarter of 2006, and reduced customer retention costs. Higher customer contact centre costs partly offset the year-over-year improvement in wireless EBITDA. These factors contributed to a significant expansion in wireless EBITDA margin, which
increased by 5.4 percentage points from 37.1% in Q4 2005 to 42.5% this quarter.</font></P>
<B><font size="2">Data</font></B><P>
<font size="2">Overall data revenues in the quarter decreased by 0.3%, year-over-year, to $1,094&nbsp;million. The decline reflected lower revenues from ICT sales to Enterprise customers due primarily to the timing of sales, further decreases in legacy data revenues in
our Business segment as a result of competitive pricing, as well as the ongoing rationalization of circuit networks by wholesale customers. This was largely offset by higher Internet revenues stemming from the combined impact of higher ARPU and an
increase in the number of high-speed Internet access service connections, the positive impact of Sympatico&#146;s hardware purchase program, incremental revenues from companies acquired over the past year to enhance our ICT product portfolio and
create cross-selling opportunities with our Enterprise customers, and Alberta SuperNet revenues.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of high-speed Internet subscribers increased by 59,000 this quarter, compared with 61,000 in Q4 2005, bringing the total subscriber count at the end of 2006 to 2,462,000. Overall subscriber growth was
affected by the impact of ongoing aggressive price discounting on multi-product bundle offers from the major cable operators in our markets, as well as by a decrease in demand for access service connections from SMB customers and wholesale channels.
This was partly offset by lower customer churn. A major upgrade of our order management system completed during the quarter, which affected the sales process both within our retail channels and at our contact centres, had an adverse effect on new
subscriber acquisition. Despite these negative impacts, total residential high-speed Internet net activations in the quarter increased year-over-year, due primarily to improved performance in our Qu&eacute;bec market brought about by the results of
a targeted marketing campaign launched to address the competitive environment featuring special promotional rates on certain of our products for a limited time period. Residential subscriber growth in the quarter was also driven by the expanded use
of hardware offers, including our PC Fusion and LCD Monitor programs. </font></P>
<B><font size="2">Video</font></B><P>
<font size="2">Our Video revenues grew by 11.2% this quarter to $298&nbsp;million from $268&nbsp;million in Q4 2005, driven by year-over-year subscriber growth and higher ARPU.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our video subscriber base has grown by 5.4% over the past year to reach 1,820,000 at the end of 2006. In the quarter, we added 32,000 new net video subscribers compared with a strong fourth quarter performance of 50,000
in 2005, bringing the total number of new customers activated in 2006 to 93,000. The year-over-year decrease can be attributed mainly to weaker sales in our retail channels and increased focus on profitable growth. Despite lower than expected
volumes in our retail channels in Q4 2006, higher sales in our direct channels were supported by the success of our &#145;All-in-One&#146; Plans, which combine programming, equipment, installation and warranty into simple packages. Our video churn
rate in the quarter remained steady, year-over-year, at 1.0%, reflecting the success of our customer retention activities, despite a number of price increases introduced over the past year and aggressive hardware offers from our cable
competitors.</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">p. 14&nbsp;&nbsp;&nbsp;</font> </I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;</font></P>
<P>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Video ARPU increased to $55 per month this quarter from $52 per month in Q4 2005. The $3 increase resulted primarily from customers upgrading to higher-priced programming packages, higher pay-per-view revenues, and
price increases implemented over the past year. During 2006, we applied a $2 rate increase at the beginning of the year on our standard digital programming package for all existing customers without a contract and we increased the system access fee
by $3 per month for all our legacy subscribers in May. The year-over-year improvement in Q4 ARPU was partly offset by higher customer credits on STB rentals and programming as well as by higher retention discounts.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Video EBITDA increased 30% this quarter to $30&nbsp;million from $23&nbsp;million in Q4 2005, reflecting double-digit revenue growth and lower subscriber acquisition costs stemming from fewer gross activations, favourable STB
pricing, and lower distribution and installation costs. This improvement was partially offset by higher marketing and sales costs in Q4 2006.
</font></P>
<B><font size="2">Terminal Sales and Other</font></B><P>
<font size="2">Terminal sales and other revenues decreased 5.6% to $424&nbsp;million this quarter from $449&nbsp;million in Q4 2005. The year-over-year decrease was due primarily to the non-recurrence of revenues from a contract secured in Q4 2005 by Expertech Network Installation&nbsp;Inc. (a Bell&nbsp;Canada majority-owned provider of installation and network infrastructure services) to help restore telecommunications service to the areas in the United States affected by
Hurricane Katrina. Decreased wireless equipment sales at Bell Mobility and lower video STB sales also contributed to the year-over-year decline in revenues. This was offset partly by higher IT service and product sales at Bell Aliant&#146;s xwave division, higher telecommunications equipment sales associated with Bell Aliant&#146;s PC purchase program, as well as by increased sales of legacy voice equipment to Enterprise customers.
</font> </P>
<B><font size="2">About Forward-Looking Statements</font></B><P>
<font size="2">This Investor Briefing contains forward-looking statements about BCE&#146;s objectives, plans, strategies, results of operations and businesses. These statements are forward-looking because they are based on our current expectations, estimates and
assumptions about the markets we operate in, the Canadian economic environment and our ability to attract and retain customers and to manage network assets and operating costs. Forward-looking statements may include words such as <I>anticipate,
assumption, believe, could, expect, goal, guidance, intend, may, objective, outlook, plan, seek, should, strive, target </I>and <I>will. </I>All such forward-looking statements are made pursuant to the &#145;safe harbor&#146; provisions of the
<I>United States Private Securities Litigation Reform Act of 1995 </I>and of any applicable Canadian securities legislation, including the <I>Securities Act of Ontario. </I>It is important to know that:</font></P>
<ul>
	<li><font size="2">unless otherwise indicated, forward-looking statements in this Investor Briefing describe our expectations at February&nbsp;6, 2007</font></li>
	<li><font size="2">our actual results could differ materially from what we expect if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. As a result, we cannot guarantee that any forward-looking statement will materialize and, accordingly, you are cautioned not to place undue reliance on these forward-looking statements
	</font></li>
	<li><font size="2">except as otherwise indicated
by BCE, forward-looking statements do not take into account the effect that transactions or non-recurring or other special items announced or occurring after the statements are made may have on our business
	</font></li>
	<li><font size="2">we disclaim any intention and
assume no obligation to update or revise any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.</font></li>
</ul>
<P>
<font size="2">A number of assumptions were made by BCE&nbsp;in making forward-looking statements in this Investor Briefing, such as certain Canadian economic assumptions, market assumptions, operational and financial assumptions, and assumptions about transactions.
Certain factors that could cause results or events to differ materially from our current expectations include, among others, our ability to implement our strategies and plans, the intensity of competitive activity, the availability and cost of
capital and the ability to achieve customer service improvement while reducing costs in accordance with our expectations.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For additional information with respect to certain of these and other assumptions and risk factors, please refer to the Safe Harbor Notice Concerning Forward-Looking Statements dated December&nbsp;12, 2006 filed by BCE&nbsp;Inc.
with the U.S. Securities and Exchange Commission, under Form 6-K, and with the Canadian securities commissions.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Safe Harbor Notice Concerning Forward-Looking Statements is also available on BCE&nbsp;Inc.&#146;s website at
www.bce.ca.</font></P>
<p><font size="2">

<B>Non-GAAP Financial Measures</B></font></p>
<table border="1" width="100%" cellspacing="0" cellpadding="6" style="border-collapse: collapse" bordercolor="#000000" id="table32">
	<tr>
		<td><font size="2">This section describes the non-GAAP financial measures we use in this Q4 2006 Investor Briefing to explain our financial results. It also provides reconciliations of the non-GAAP financial measures to the most comparable Canadian GAAP financial
measures.</font></td>
	</tr>
</table>
<P>
&nbsp;</P>
<P>
<I>
<font size="2">p. 15&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006
INVESTOR BRIEFING </font> </P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>THE QUARTER AT A GLANCE</I></p>
<B><font size="2">EBITDA</font></B><br>
&nbsp;
<table border="1" width="100%" cellspacing="0" cellpadding="6" style="border-collapse: collapse" bordercolor="#000000" id="table2">
	<tr>
		<td><font size="2">We define EBITDA (earnings before interest, taxes, depreciation and amortization) as operating revenues less operating expenses, meaning it represents operating income before amortization expense, net benefit plans cost, and restructuring and other
items. </font></td>
	</tr>
</table>
<P>
<font size="2">The term EBITDA does not have any standardized meaning according to Canadian generally accepted accounting principles (GAAP). It is therefore unlikely to be comparable to similar measures presented by other companies.
EBITDA is presented on a consistent basis from period to period.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use EBITDA, among other measures, to assess the operating performance of our ongoing businesses without the effects of amortization expense, net benefit plans cost, and restructuring and other items. We exclude these
items because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. We exclude amortization expense and net benefit plans cost because they largely depend on the
accounting methods and assumptions a company uses, as well as non-operating factors such as the historical cost of capital assets and the fund performance of a company&#146;s pension plans. Excluding restructuring and other items does not imply they
are necessarily non-recurring.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA allows us to compare our operating performance on a consistent basis. We believe that certain investors and analysts use EBITDA to measure a company&#146;s ability to service debt and to meet other payment
obligations, or as a common measurement to value companies in the telecommunications industry.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is operating income. The following tables are reconciliations of operating income to EBITDA on a consolidated basis for BCE&nbsp;and Bell&nbsp;Canada.</font></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">Q4 2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">760</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">881&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,332</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,759&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">797</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">776&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,129</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,061&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">125</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">59&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">513</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">359&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">91</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">24&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">355</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">55&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">1,773</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">1,740&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">7,329</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">7,234&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px"><b><font size="2">BELL CANADA</font></b></TD>
	<TD width="10%" align=right>
<B><font size="2">Q4 2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">782</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">887&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,353</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,755&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">784</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">756&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,073</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">2,989&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">127</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">65&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">531</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">389&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">86</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">24&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">332</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">54&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">1,779</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">1,732&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">7,289</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">7,187&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<A name="page_17"><font size="2"></font></A><P>
OPERATING INCOME BEFORE RESTRUCTURING AND OTHER ITEMS</P>
<P>
<font size="2">The term operating income before restructuring and other items does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use operating income before restructuring and other items, among other measures, to assess the operating performance of our ongoing businesses without the effects of restructuring and other items. We exclude these
items because they affect the comparability of our financial results and could potentially distort the analysis of trends in business performance. Excluding restructuring and other items does not imply they are necessarily non-recurring.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is operating income. The following tables are reconciliations of operating income to operating income before restructuring and other items on a consolidated basis for
BCE&nbsp;and Bell&nbsp;Canada.
</font> </P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">Q4 2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">760</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">881&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,332</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,759&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">91</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">24&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">355</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">55&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income before restructuring and other items</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">851</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">905&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,687</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,814&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD align="left" width="100%" colspan="9">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">BELL CANADA</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">Q4 2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">2006</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">782</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">887&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,353</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,755&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">86</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">24&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">332</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">54&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income before restructuring and other items</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">868</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">911&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<B><font size="2">3,685</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="10%" align=right>
<font size="2">3,809&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<I><font size="2">p. 16&nbsp;&nbsp;&nbsp;</font> </I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
NET EARNINGS BEFORE RESTRUCTURING AND OTHER ITEMS, NET GAINS ON INVESTMENTS, AND COSTS INCURRED TO FORM BELL ALIANT</P>
<P>
<font size="2">The term net earnings before restructuring and other items, net gains on investments, and costs incurred to form Bell Aliant does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar
measures presented by other companies.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use net earnings before restructuring and other items, net gains on investments, and costs incurred to form Bell Aliant, among other measures, to assess the operating performance of our ongoing businesses without the
effects of after-tax restructuring and other items, net gains on investments, and costs incurred to form Bell Aliant. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis of
trends in business performance. Excluding these items does not imply they are necessarily non-recurring.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is net earnings applicable to common shares. The following table is a reconciliation of net earnings applicable to common shares to net earnings before restructuring
and other items, net gains on investments, and costs incurred to form Bell Aliant on a consolidated basis and per BCE&nbsp;Inc. common share.</font></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" colspan=3 align=right>
<p align="center">
<b>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Q4 2006
	</font>
	</b>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" colspan=3 align=center>
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Q4 2005&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="14%" align=left colspan="3">

	<p align="center">
<font size="2">&nbsp;
	<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2006</b></font></TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="14%" align=left colspan="3">

	<p align="center">
<font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2005</font></TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="84%" colspan="17">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>PER</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">PER&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>PER</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">PER
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>TOTAL</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>SHARE</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">SHARE&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2"><b>TOTAL</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>SHARE</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">SHARE
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="17">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings applicable to common shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">699</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.84</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">413&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">0.44&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,937</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2.25</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,891
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.04
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items<font size="-2"><SUP>(1) </SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">66</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.08</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">0.02&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">222</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.26</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">37
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.04
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net gains on investments<SUP>(2)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(412</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(0.48</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">(525</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(0.61</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.03
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other costs incurred to form Bell Aliant<SUP>(3)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2"><b>&#150;</b>
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">42</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.05</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="17">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings before restructuring and other items, net gains on investments, and costs incurred to form Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">353</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.44</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">429&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">0.46&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,676</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.95</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,901
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.05
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="17">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<P>
<I><font size="2">(1) Includes transactions costs associated with the formation of Bell Aliant. These costs relate mainly to investment banking, professional and consulting fees. In 2006, we incurred $138&nbsp;million ($77&nbsp;million after tax and non-controlling
interest). <br>
(2) Amounts for 2006 include the recognition of a future tax asset of $434&nbsp;million for approximately $2,341&nbsp;million of previously unrecognized capital loss carryforwards due to the anticipated gain on the sale of Telesat.<br>
(3) Includes premium costs incurred by Bell Aliant on early redemption of long-term debt as a result of the formation of Bell Aliant. In 2006, we incurred $122&nbsp;million ($42&nbsp;million after tax and non-controlling interest).</font></I></P>
<P>
&nbsp;</P>


<A name="page_18"><font size="2"></font></A>

<p>FREE CASH FLOW</p>
<table border="1" width="100%" cellspacing="0" cellpadding="6" style="border-collapse: collapse" bordercolor="#000000" id="table3">
	<tr>
		<td><font size="2">We define free cash flow as cash from operating activities after capital expenditures, total dividends and other investing activities.
</font></td>
	</tr>
</table>
<P>
<font size="2">The term free cash flow does not have any standardized meaning according to Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We consider free cash flow to be an important indicator of the financial strength and performance of our business because it shows how much cash is available to repay debt and reinvest in our company. We present free
cash flow consistently from period-to-period, which allows us to compare our financial performance on a consistent basis.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We believe that certain investors and analysts use free cash flow to value a business and its underlying assets.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is cash from operating activities. The following table is a reconciliation of cash from operating activities to free cash flow on a consolidated basis.</font></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%">
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">Q4 2006</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">Q4 2005
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash from operating activities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">1,527</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">1,559
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">5,389</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">5,337
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Capital expenditures&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(935</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">(792
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(3,133</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">(3,357
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total dividends paid&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(398</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">(354
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(1,546</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">(1,450
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other investing activities&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">12</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">36
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">(2</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="52%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free cash flow</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">206</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<B><font size="2">708</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="10%" align=right>
<font size="2">569
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD width="100%" colspan="9">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<I>
<font size="2">p. 17&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC. 2006
INVESTOR BRIEFING </font> </P>

<HR noshade color="#000000">


<P>
&nbsp;</P>

<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Consolidated Operational Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table7">
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">Q4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except per share amounts) (unaudited)</font></I><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">4,547</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,539
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,605
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">108
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Operating expenses&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(2,774</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2,799
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(10,384 </font> </B></TD>
	<TD width="2%" align=right>
<p align="left">
<B><font size="2">)</font></B></TD>
	<TD width="6%" align=right>
<font size="2">(10,371)</font></TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">1,773</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,740
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,329</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">95
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><I><font size="2">EBITDA margin</font></I></B><font size="2"><font size="-2"><SUP>(3)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><I><font size="2">39.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">38.3%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">0.7 pts</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">41.4%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.1%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">0.3 pts</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(797</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(776
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(3,129</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3,061
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(68
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(125</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(66
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(513</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(359
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(154
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(42.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(91</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(67
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(355</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(300
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">760</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">881
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(121
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,759
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(427
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other (expense) income&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(27</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(176</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(204
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Interest expense&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(239</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(239
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(952</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(949
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Pre-tax earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">494</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">638
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(144
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,204</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,838
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(634
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Income taxes&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">327</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(196
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">523
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(85</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(803
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">718
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">89.4%&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;</font></TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(104</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(201
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">390
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">327
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">83.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,891</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,834
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">116</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">127
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(8.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">430
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">287
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">66.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,007</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,961
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Dividends on preferred shares&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(18</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(70</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(70
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings applicable to common shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">699</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">413
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">286
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">69.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,937</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,891
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings per common share &#150; basic</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.45
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.01
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(7.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net earnings&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">90.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.25</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings per common share &#150; diluted</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.45
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.01
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(7.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net earnings&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">90.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.25</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Dividends per common share</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.33</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 1.32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Average number of common shares outstanding &#150; basic (millions)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">811.6</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">927.3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">861.4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">926.8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">The following items are included in net earnings:</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net gains (losses) on investments&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">410</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">419</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">2</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">106</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">(66</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(222</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(37
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=36% colspan=2 align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cost incurred to form the Bell Aliant Regional Communication Income Fund
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">(Bell Aliant)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(42</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">346</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">261</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Impact on net earnings per share</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.40</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.30</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.01
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EPS before restructuring and other items, net gains on investments, </font></B>
	<font size="2"><B>and costs incurred to form Bell Aliant</B><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">$ 0.44</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 1.95</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<P>
<font size="2">n.m.: not meaningful</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 18&nbsp;&nbsp;&nbsp;</I>BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Consolidated Operational Data &#150; Historical Trend</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table8">
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except per share amounts) </font></I>
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4 06</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,547</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,422
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,388
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,356
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,605
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,539
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,408
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,368
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,290
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Operating expenses&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(10,384</font></B></TD>
	<TD width="2%" align=right>
<p align="left">
<B><font size="2">)</font></B></TD>
	<TD width="6%" align=right>
<B><font size="2">(2,774</font></B></TD>
	<TD width="2%" align=right>
<p align="left">
<B><font size="2">)</font></B></TD>
	<TD width="6%" align=right>
<font size="2">(2,582</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(2,513
	</font>
	</TD>
	<TD width="2%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(2,515</font></TD>
	<TD width="2%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(10,371</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(2,799
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2,591
	</font>
	</TD>
	<TD width="2%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(2,512</font></TD>
	<TD width="2%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="6%" align=right>
<font size="2">(2,469</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,329</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,773</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,840
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,875
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,841
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,740
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,817
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,856
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,821
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><I><font size="2">EBITDA margin</font></I></B><font size="2"><font size="-2"><SUP>(3)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">41.4%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">39.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.6%</font></I><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;</font></TD>
	<TD width="6%" align=right>
<I><font size="2">42.7%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">42.3%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.1%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">38.3%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.2%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">42.5%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">42.4%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(3,129</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(797</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(786
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(790
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<p align="right"><font size="2">(756</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="6%" align=left>
<p align="right">
<font size="2">(3,061</font></TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(776
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(774
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(763
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(748
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(513</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(125</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(134
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(359
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(99
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(98
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(355</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(91</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(126
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(88
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">760</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">810
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">901
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">861
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,759
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">881
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">909
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">989
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">980
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other (expense) income&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(176</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(27</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(113
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Interest expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(952</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(239</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(247
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(231
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(235
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(949
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(239
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(238
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Pre-tax earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,204</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">494</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">450
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">638
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">622
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,838
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">638
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">672
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">778
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">750
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Income taxes&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(85</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">327</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(85
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(155
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(172
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(803
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(196
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(179
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(185
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(243
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(104</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(201
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,891</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">324
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">444
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">406
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,834
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">390
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">444
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">541
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">116</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">88
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">127
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,007</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">302
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">494
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">494
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,961
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">430
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">581
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">491
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Dividends on preferred shares&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(70</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(18</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(70
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings applicable to common shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,937</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">699</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">285
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">476
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">477
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,891
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">413
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">441
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">563
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">474
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings per common share &#150; basic</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.42
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></B>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net earnings&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.25</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.53
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings per common share &#150; diluted</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.42
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net earnings&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 2.25</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.53
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.04
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Dividends per common share</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 1.32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.33</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 1.32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Average number of common shares outstanding &#150; basic (millions)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">861.4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">811.6</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">818.8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">896.4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">920.5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">926.8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">927.3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">927.0
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">926.6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">926.2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">The following items are included in net earnings:</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Net gains (losses) on investments&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">419</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">410</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">33
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">106</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">35
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">80
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(222</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(66</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(71
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(58
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(37
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cost incurred to form Bell&nbsp;Aliant&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(42</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">261</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">346</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(102
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Impact on net earnings per share</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.30</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.40</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.01
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.01
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$(0.02
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ &#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EPS before restructuring and other items, net gains on investments, and costs incurred to form Bell Aliant</font></B><font size="2"><SUP>(2)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 1.95</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$ 0.44</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 2.05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.58
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$ 0.51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<font size="2"><i>P.  19</i><B><I>&nbsp;&nbsp;&nbsp;</I></B>BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Segmented Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table9">
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated) </font></I>
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,811</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,787
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,099</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,016
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,591</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,591
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">6,057</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,966
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">91
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">852</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">837
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,358</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,320
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">402</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">422
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(20
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,592</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,651
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 24px">
<font size="2">Inter-segment eliminations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(205</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(186
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(19
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(758</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,451</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,451
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,348</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">114
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">128</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">479</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">14</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">56</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(7
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Total Other BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">131
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">535</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">538
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 24px">
<font size="2">Inter-segment eliminations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(46</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(43
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(7.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(170</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(167
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,547</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,539
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,605
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">108
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">342</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">393
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,649</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,772
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(123
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">235</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">222
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">811</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">863
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">205</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">777</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">768
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">77
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(77
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">116</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">352
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(67.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">782</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">887
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(105
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,353</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(402
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">34
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">157
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(54</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(35.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(163</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(153
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Total Other BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(22</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(21</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">760</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">881
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(121
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,759
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(427
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Capital expenditures</font></B><font size="2"><SUP>(4)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">417</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">322
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(95
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(29.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,299</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,417
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">253</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">197
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(56
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">767</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">867
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">100
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">131</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">130
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">517</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">525
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">100</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">84
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(19.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">338</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">310
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
		</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">901</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">733
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(168
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,921</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,119
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">198
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">62
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">205</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">260
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">21.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
 <p align="left" style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
		</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(29
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%">
<p align="left" style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total capital expenditures</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">935</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">792
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(143
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(18.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,133</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,357
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">224
	</font>
	</TD>
	<TD width="2%" align=left>

&nbsp;</TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">&nbsp;</font><font size="2" "6%" align="right">6.7%</font></TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<P>
<font size="2">n.m.: not meaningful</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 20&nbsp;&nbsp;&nbsp;</I>BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Segmented Data &#150; Historical Trend</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table10">
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<B><font size="2">TOTAL</font></B><font size="2"><br>
&nbsp;</font><B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<font size="2">TOTAL<br>
&nbsp;2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated) </font></I>
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4 06</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,099</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,811</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,799
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,758
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,731
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,016
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,787
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,770
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,750
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,709
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">6,057</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,591</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,495
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,496
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,966
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,591
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,473
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,443
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,358</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">852</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">841
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">829
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">836
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,320
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">837
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">826
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">820
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">837
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,592</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">402</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">393
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">392
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">405
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,651
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">422
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">436
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">397
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">396
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Inter-segment eliminations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(758</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(205</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(189
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(183
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(181
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(186
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(183
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(174
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(176
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,348</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,451</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,339
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,292
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,266
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,451
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,322
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,252
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,209
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">479</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">128</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">113
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">120
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">112
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">108
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">56</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">14</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Total Other BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">535</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">125
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">138
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">130
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">538
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">131
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">127
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">160
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">120
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Inter-segment eliminations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(170</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(46</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(42
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(42
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(167
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(43
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,547</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,422
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,388
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,356
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,605
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,539
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,408
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,368
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,290
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table11">
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,649</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">342</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">400
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">452
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">455
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,772
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">393
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">430
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">472
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">477
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">811</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">235</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">223
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">174
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">179
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">863
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">222
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">203
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">206
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">232
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">777</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">205</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">204
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">188
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">180
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">768
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">194
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">189
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">190
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">116</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">80
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">352
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">77
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">78
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">114
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,353</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">782</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">827
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">894
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">850
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">887
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">905
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">981
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">982
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">157
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">34
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">43
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">43
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">37
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(163</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(54</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(153
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(35
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Other BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(21</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(22</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">760</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">810
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">901
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">861
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,759
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">881
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">909
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">989
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">980
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table12">
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Capital expenditures</font></B><font size="2"><SUP>(4)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Residential</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,299</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">417</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">316&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">329&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">237&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">1,417
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">322
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">405
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">374
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">316
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Business</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">767</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">253</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">202&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">185&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">127&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">867
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">197
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">245
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">191
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Bell Aliant</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">517</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">131</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">131&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">143&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">112&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">525
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">130
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">143
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">115
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other Bell Canada</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">338</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">100</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">66&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">110&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">62&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">310
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">84
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">80
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">102
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Total Bell Canada&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,921</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">901</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">715&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">767&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">538&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">3,119
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">733
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">873
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">847
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">666
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">205</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">32</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">44&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">86&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">43&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">260
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">62
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">91
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">53
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">2</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">1&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">4&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total capital expenditures</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,133</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">935</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">760&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">857&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">581&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">3,357
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">792
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">958
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">890
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">717
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<font size="2"><I>P. </I></font><I>
<font size="2">21&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Consolidated Balance Sheet Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table13">
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">DECEMBER 31</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">SEPTEMBER 30
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">JUNE 30
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">MARCH 31
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">DECEMBER 31
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated) </font></I>
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width="8%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">ASSETS</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Current assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2,293
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">135
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">879
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">349
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Accounts receivable&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,868</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">1,964
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,765
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,547
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,525
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other current assets&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,233</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">704
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">921
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">939
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">915
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Current assets of discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">466
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">436
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">894
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total current assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">3,684</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">4,963
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,287
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,801
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,683
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Capital assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">22,079</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">21,887
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">21,877
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">21,772
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">21,772
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other long-term assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,816</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2,733
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,158
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,164
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,306
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Indefinite-life intangible assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,902</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2,903
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,903
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,899
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,899
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Goodwill</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">5,475</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">5,484
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">6,001
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,982
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,966
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Non-current assets of discontinued operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">49
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,986
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,111
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,856
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total assets</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">36,957</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">38,019
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">39,212
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">39,729
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">40,482
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">LIABILITIES</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Current liabilities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Accounts payable and accrued liabilities&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">3,236</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">3,045
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,896
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,783
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,085
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Interest payable&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">165</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">231
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">167
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">263
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">170
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Dividends payable&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">315</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">310
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">313
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">322
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">343
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Debt due within one year&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">986</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">1,365
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,262
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,169
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,161
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 24px">
<font size="2">Current liabilities of discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">1
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">286
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">371
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">828
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total current liabilities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,702</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">4,952
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,924
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,908
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,587
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Long-term debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">11,867</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">13,109
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11,614
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11,629
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11,855
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other long-term liabilities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,841</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">4,665
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,659
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,754
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,807
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Non-current liabilities of discontinued operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,423
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,442
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">614
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total liabilities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">21,410</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">22,726
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">22,620
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">22,733
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">22,863
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Non-controlling interest</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,180</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2,222
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,453
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,633
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,898
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">SHAREHOLDERS&#146; EQUITY</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Preferred shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,670</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">1,670
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,670
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,670
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,670
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Common shareholders&#146; equity</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Common shares&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">13,487</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">13,555
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">16,159
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">16,467
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">16,806
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Treasury stock&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(62
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Contributed surplus&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,555</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">2,574
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,019
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,036
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,081
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Deficit&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(4,343</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">(4,726
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4,706
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4,747
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4,763
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Currency translation adjustment&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(2</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(73
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total common shareholders&#146; equity</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">11,697</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">11,401
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,469
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,693
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">13,051
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total shareholders&#146; equity</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">13,367</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">13,071
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">14,139
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">14,363
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">14,721
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total liabilities and shareholders&#146; equity</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">36,957</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">38,019
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">39,212
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">39,729
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">40,482
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Number of common shares outstanding</font></B><font size="2"><SUP>(A)&nbsp;(B) </SUP>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">807.6</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">812.0
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">891.4
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">906.2
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">927.3
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Net Debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">12,272</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">12,181
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,741
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11,919
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,667
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Capitalization</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">27,819</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">27,474
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">29,333
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">28,915
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">30,286
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Key ratios</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net debt: Total Capitalization</font></TD>
	<TD width="8%" align=left>
<p align="right">
<B><font size="2">44.1%</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
&nbsp;</TD>
	<TD width="2%" align=right>
<font size="2">44.3%</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
<font size="2">43.4%</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">&nbsp;</font></TD>
	<TD width="2%" align=right>
<font size="2">41.2%</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">&nbsp;&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
<font size="2">41.8%</font></TD>
	<TD width="8%" align=left>
<p align="right">
<font size="2">&nbsp;
	</font></TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net debt: Trailing 12-month EBITDA&nbsp;

	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.67</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">1.67
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.75
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.64
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.75
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="50%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">EBITDA: Interest (trailing 12-month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">7.70</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=8% align=right>
<font size="2">7.66
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.71
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.65
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.62
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=11 width="50%">
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<P>
<I><font size="2">(A) Excludes 2.2 million of treasury stock in the March 31, 2006 balance.<br>
(B) As a result of the BCE Inc. Plan of Arrangement on July 10, 2006, the total number of BCE Inc. common shares issued and outstanding on that date was 815.6 million.</font></I></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 22&nbsp;&nbsp;&nbsp;</I>BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
BCE CONSOLIDATED NET DEBT AND PREFERREDS</P>
<P>
<B><font size="2">Proportionate Net Debt, Preferreds and EBITDA</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table14">
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" colspan=5 align=center>
<font size="2">BELL CANADA
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">BCE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<tr>
	<TD width="20%" align=left valign="bottom">
<I><font size="1">At December 31, 2006<br>
<br>
<br>
<br>
<br>
<br>
($ millions, except where otherwise indicated) </font></I>
<font size="1">
<I>(unaudited)</I></TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">BELL</font>
<font size="2">CANADA (EXCL. BELL ALIANT)</font></TD>
	<TD width="2%" align=left valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">BELL
	ALIANT</font></TD>
	<TD width="2%" align=left valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">BELL
	CANADA&nbsp;
	CONSOLI-
	DATED</font></TD>
	<TD width="2%" align=left valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">INTER-
	COMPANY</font>

<font size="2">ELIMI-
	NATIONS</font></TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">TOTAL</font><br>
	<font size="2">&nbsp;BELL
	CANADA</font></TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">
<font size="2">BELL
	CANADA
	(EXCL.<br>
&nbsp;BELL
	ALIANT)
	LESS<br>
&nbsp;ELIMS.</font></TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">BELL
	ALIANT
	</font>

	</TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">TELESAT</font></TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">
<font size="2">BCE<br>
&nbsp;CORPO-&nbsp;
	RATE<br>
&nbsp; &amp; OTHER</font></TD>
	<TD width=2% valign="bottom" align="right">
&nbsp;</TD>
	<TD width="6%" align=right valign="bottom">

	<font size="2">BCE
	CONSOLI-
	DATED</font></TD>
	<TD width="2%" align=right valign="bottom">
&nbsp;</TD>
</tr>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(833
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(139
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(972</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(972
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(833</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(139
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">430&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">(581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Debt due within one year&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">908
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,026</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(724
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">302
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">184</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">29
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">655&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">986</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Long-term debt&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8,472
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,702
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,174</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(281
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,893
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">8,191</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,702
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">246
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">728&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,867</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net debt</font></B><font size="2"><SUP>(A)&nbsp;(B)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8,547
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,681
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1,005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,223
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,542</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,681
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,813&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">12,272</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Preferred shares &#150; Bell&nbsp;Canada&nbsp;<SUP>(8)</SUP>
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,100
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,100</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,100
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,100</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,100</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Perpetual Preferred shares &#150; BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,670&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,670</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net debt and preferreds</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9,647
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,681
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">12,328</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1,005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11,323
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">8,642</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,681
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,483&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">15,042</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<B><font size="2">Proportionate Net Debt and Preferreds, Trailing EBITDA</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table15">
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">For the quarter ended December 31, 2006</font></I><font size="1">&nbsp;</font><font size="2">
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" colspan=3 align=right>
<font size="2">TOTAL EBITDA
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" colspan=5 align=right>
<font size="2">PROPORTIONATE EBITDA
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=4 width="16%">
	<p style="text-indent: -12px; margin-left: 12px">
	</TD>
	<TD width="1%">
	</TD>
	<TD colspan=20 width="6%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="4">

	<font size="2">%<br>
&nbsp;OWNED<br>BY BCE
	</font>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="4">
<font size="2">PROPOR-TIONATE&nbsp;
	NET DEBT&nbsp;
	AND PRE-&nbsp;
	FERREDS&nbsp;
	</font>

	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated)</font></I><font size="2">
	</font><font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TRAILING
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TRAILING
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=25 width="16%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Bell Canada (excl. Bell Aliant) less elims.&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">100%
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">8,642</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">1,405
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,459
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,486
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,458
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,808
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,405
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,459
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,486
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,458
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,808
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Bell Aliant&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44.7%
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,198</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">374
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">376
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">371
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">360
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,481
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">167
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">168
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">166
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">161
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">662
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=25 width="16%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 24px">
<B><font size="2">Total Bell Canada Consolidated</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">9,840</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">1,779
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,835
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,857
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,818
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,289
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,572
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,627
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,652
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,619
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6,470
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other BCE</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Telesat&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">100%
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">236</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">66
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">62
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">70
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">70
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">268
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">66
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">62
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">70
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">70
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">268
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Corporate and other&nbsp;<SUP>(B)</SUP>
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">100%
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,483</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">(48
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(33
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(135
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(48
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(33
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(135
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=25 width="16%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total Other BCE&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,719</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">18
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">29
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">42
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">133
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">18
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">29
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">42
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">133
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Inter-segment eliminations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(93
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(93
	</font>
	</TD>
	<TD width=1% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=25 width="16%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="16%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">13,559</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=1%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,773</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,840</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,875</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,841</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,329</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,566</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,632</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,670</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,642</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">6,510</font></B><font size="2"> </font>
	</TD>
	<TD width=1% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=25 width="16%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
</TABLE><P>
<font size="2">(</font><I><font size="2">A) Includes 100% of subsidiary debt.<br>
(B) BCE Corporate &amp; Other total net debt includes a PPA</font></I><font size="2"><SUP>(7) </SUP>
</font><I><font size="2">fair value increment of $87 million.</font></I></P>
<P>
&nbsp;</P>
<P>
<font size="2"><I>P. </I></font><I>
<font size="2">23&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Consolidated Cash Flow Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table16">
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">Q4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">Q4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated)</font></I><font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash flows from operating activities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Earnings from continuing operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">390
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">327
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,891</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,834
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Adjustments to
	reconcile earnings from continuing operations to cash flows from operating activities:&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">797</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">776
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">3,129</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,061
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">68
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">125</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">66
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">513</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">359
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">154
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">91</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">67
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">355</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">300
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Net losses (gains) on investments&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">36</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">35
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">26</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Future income taxes&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(359</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(818
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(732
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">104</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">201
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">27
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Contributions to employee pension plans&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(51</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(172</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(206
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">34
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Other employee future benefit plan payments&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(24</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(96</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(93
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Payments of restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(31</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(225</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(171
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Operating assets and liabilities&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">122</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(97
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">219
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(247</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(384
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,527</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,559
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">5,389</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,337
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Capital expenditures&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(935</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(792
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(143
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(3,133</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3,357
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">224
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other investing activities&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(2</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash dividends paid on preferred shares&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(22</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(86
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash dividends/distributions paid by subsidiaries to non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(108</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(82
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(293</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(169
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(124
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow from operations, before common dividends</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">474</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(281
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,877</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,764
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">113
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash dividends paid on common shares&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(268</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(306
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,169</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow from operations, after common dividends</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">206</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(243
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">708</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">569
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">139
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Business acquisitions&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(5</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(71</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(228
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">157
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Bell Aliant&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(30</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(255</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(255
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Increase in investments&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(24</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(7
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(304</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(233
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(71
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Decrease in investments&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">64</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow after investments and divestitures</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">147</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">393
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(246
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">125
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other financing activities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Decrease in notes payable and bank advances&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(302</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(107
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(57</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of long-term debt&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">675</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">675
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,392</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,095
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3,297
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Repayment of long-term debt&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(2,016</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(180
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,836
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(4,767</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,073
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3,694
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of common shares&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">11</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">29</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Repurchase of common shares&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(133</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(133
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,241</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,241
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of equity securities by subsidiaries to non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Redemption of equity securities by subsidiaries from non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(50</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(32
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(305</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(78
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(227
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other financing activities&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(36</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(19
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(157</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(93
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,851</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(410
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,441
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(2,093</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(163
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,930
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash used in continuing operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,704</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,687
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,951</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,913
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash (used in) provided by discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(8</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,087</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,984
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net (decrease) increase in cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">(1,712</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(1,682
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">136</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">65
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">71
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash and cash equivalents at beginning of period&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,293</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,818
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">445</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">65
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash and cash equivalents at end of period</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Consists of:&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Cash and cash equivalents of continuing operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">349
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">232
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">349
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">232
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Cash and cash equivalents of discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 12px">
 <font size="2"><B>Total</B>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Capital expenditures as a percentage of revenues&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">20.6%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">17.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3.2) pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">17.7%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">19.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.4
	pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash flow per share<SUP>(5)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">$0.73</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$0.83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$(0.10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">$2.62</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$2.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">$0.48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Annualized cash flow yield<SUP>(6)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">7.5%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4.2) pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">7.4%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">6.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.6
	pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Common dividend payout&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">38.3%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">74.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(35.8) pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">60.4%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">63.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(2.8) pts
		</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<I><font size="2">P.</font></I><font size="2"><I> 24</I>&nbsp;&nbsp;&nbsp;BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade align="center" width="100%" size=2>


<P>
&nbsp;</P>
<P>BCE CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Consolidated Cash Flow Data &#150; Historical Trend</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table17">
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<font size="2"><b>TOTAL</b><br>
&nbsp;</font><B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<font size="2">TOTAL<br>
2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated)</font></I><font size="1">
<I>(unaudited)</I>&nbsp;</font><font size="2">
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4 06</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash flows from operating activities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Earnings from continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,891</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">717</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">324
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">444
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">406
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,834
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">390
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">444
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">541
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Adjustments to
	reconcile earnings from continuing operations to cash flows from operating activities:&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,129</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">797</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">786
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">790
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">756
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,061
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">776
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">774
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">763
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">748
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">513</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">125</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">134
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">136
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">359
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">99
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">98
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">355</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">91</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">126
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">88
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Net losses (gains) on investments&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">26</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">36</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Future income taxes&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(359</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">43
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">105
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">198
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">110
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">100
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">104</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">201
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Contributions to employee pension plans&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(172</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(51</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(206
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(89
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Other employee future benefit plan payments&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(96</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(24</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(93
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Payments of restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(225</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(31</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(124
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(34
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(171
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(100
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">Operating assets and liabilities&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(247</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">122</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">370
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(159
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(580
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(384
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(97
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">133
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,389</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,527</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,602
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,306
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">954
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,337
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,559
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,569
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,354
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">855
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Capital expenditures&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(3,133</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(935</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(760
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(857
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(581
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3,357
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(792
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(958
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(890
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(717
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other investing activities&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">12</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">39
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash dividends paid on preferred shares&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(84</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(22</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(20
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(86
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash
	dividends/distributions paid by subsidiaries to non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(293</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(108</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(75
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(169
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow from operations, before common dividends</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,877</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">474</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">743
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">371
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">289
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,764
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">548
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">398
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash dividends paid on common shares&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,169</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(268</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(294
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(302
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(305
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1,195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(306
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(306
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(305
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(278
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow from operations, after common dividends</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">708</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">206</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">569
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">242
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">93
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(215
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Business acquisitions&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(71</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(5</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(228
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(36
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(86
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Bell Aliant&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(255</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(30</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(152
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Increase in investments&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(304</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(24</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(161
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(105
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(233
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(75
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(129
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Decrease in investments&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">64</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow after investments and divestitures</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">142</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">147</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">109
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(86
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">125
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">393
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">113
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(429
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other financing activities</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">(Decrease) increase in notes payable and bank advances&nbsp;
	</font>
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	<TD width="6%" align=right>
<B><font size="2">(57</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<B><font size="2">(302</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">80
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">232
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(67
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">319
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(138
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of long-term debt&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,392</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">675</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">3,419
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">298
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">1,095
	</font>
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	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">200
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">700
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Repayment of long-term debt&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(4,767</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2,016</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	<TD width="6%" align=right>
<font size="2">(1,925
	</font>
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	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(529
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(297
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(1,073
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(180
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(185
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(674
	</font>
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	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(34
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	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of common shares&nbsp;
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	</TD>
	<TD width="6%" align=right>
<B><font size="2">29</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<B><font size="2">11</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">25
	</font>
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	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Repurchase of common shares&nbsp;
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	<TD width="6%" align=right>
<B><font size="2">(1,241</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	<TD width="6%" align=right>
<B><font size="2">(133</font></B><font size="2"> </font>
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	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	<TD width="6%" align=right>
<font size="2">(114
	</font>
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	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(469
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	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	<TD width="6%" align=right>
<font size="2">(525
	</font>
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	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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	</TD>
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<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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<font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
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<font size="2">&nbsp;
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	<TD width="6%" align=right>
<font size="2">&#150;
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	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Issue of equity securities by subsidiaries to non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
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	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
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	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Redemption of
	equity securities by subsidiaries from non-controlling interest&nbsp;
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	<TD width="6%" align=right>
<B><font size="2">(305</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(50</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(255
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(78
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(18
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other financing activities&nbsp;
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	<TD width="6%" align=right>
<B><font size="2">(157</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(36</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(92
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
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	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2,093</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,851</font></B><font size="2"> </font>
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	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,384
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(727
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(899
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(163
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(410
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(194
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">505
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash (used in) provided by continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,951</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,704</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,493
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(813
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(927
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(146
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">76
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash provided by (used in) discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,087</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(8</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">688
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,360
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">70
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net increase (decrease) in cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">136</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,712</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,181
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(766
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">433
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">65
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">95
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(146
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">146
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash and cash equivalents at beginning of period&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">445</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,293</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">112
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">878
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">526
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash and cash equivalents at end of period</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,293
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">112
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">878
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">526
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Consists of:&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 36px">
<font size="2">Cash and cash equivalents of continuing operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,293
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">135
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">879
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">349
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">349
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">372
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">323
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">469
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 36px"><font size="2">(Bank
	indebtedness) cash and cash equivalents of discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">&#150;</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
 <p style="text-indent: -12px; margin-left: 12px">
 <font size="2"><B>Total</B>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">581</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,293
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">112
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">878
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">445
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">475
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">526
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Capital expenditures as a percentage of revenues&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17.7%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">20.6%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">19.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">19.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">21.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">20.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cash flow per share&nbsp;<SUP>(5)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$2.62</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">$0.73</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$1.03
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$2.14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.66
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$0.15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Annualized cash flow yield&nbsp;<SUP>(6)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7.4%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7.5%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=20%>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Common dividend payout&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">60.4%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">38.3%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">103.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">74.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">69.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">54.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">58.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<font size="2"><I>P. </I></font><I>
<font size="2">25&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BELL CANADA CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Operational Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table18">
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">$
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated) </font></I>
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
<font size="2">CHANGE&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
&nbsp;</TD>
	<TD width="2%" align=right>
<font size="2">CHANGE</font></TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
<font size="2">CHANGE&nbsp;
	</font>
	</TD>
	<TD width="2%" align=right>
&nbsp;</TD>
	<TD width="2%" align=right>
<font size="2">CHANGE</font></TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Local and access&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,288</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,348
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(60
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,212</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,465
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(253
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Long distance&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">422</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">481
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,798</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,055
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(257
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">925</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">808
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">117
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">14.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,491</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,085
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">406
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Data&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,094</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,097
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,120</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,016
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">104
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">298</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">268
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,150</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">976
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">174
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Terminal sales and other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">424</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,577</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,637
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(60
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total operating revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,451</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,451
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,348</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">114
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Operating expenses&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2,672</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2,719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(10,059</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10,047
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,779</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,732
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,289</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,187
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">102
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><I><font size="2">EBITDA margin (%) </font> </I></B><font size="2"><font size="-2"><SUP>(3)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">40.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">38.9%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">1.1 pts</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">42.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.7%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">0.3 pts</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(784</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(756
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(3,073</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2,989
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(84
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(127</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(65
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(62
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(95.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(531</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(389
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(142
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(36.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(86</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(62
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(278
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">782</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">887
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(105
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(11.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,353</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(402
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(10.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other (expense) income&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">44</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">45
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(71</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(111
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Interest expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(214</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(207
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(7
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(832</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(827
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(0.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Pre-tax earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">612</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">679
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(67
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,450</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,968
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(518
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(17.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Income taxes&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(138</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(139
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(571</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(743
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">172
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">23.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(89</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(67
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(166</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(70
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(96
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">385</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">518
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(133
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,155
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(442
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(20.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(7</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(7</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">378</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">516
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(138
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,706</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,153
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(447
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(20.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Dividends on preferred shares&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(52</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings applicable to common shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">365</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(27.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,654</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,098
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(444
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(21.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="100%" align=left colspan="17">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Cash flow information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow (FCF) </font> </B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash from operating activities&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,610</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,638
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(28
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,522</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,509
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Capital expenditures&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(901</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(733
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(168
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2,921</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3,119
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">198
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Dividends and distributions&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(494</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(405
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(89
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,899</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1,747
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(152
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(8.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other investing items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">225</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(277
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">698</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">648
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Capital expenditures as a percentage of revenues&nbsp;(%)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">20.2%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(3.7) pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">16.8%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">18.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.3 pts
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Balance Sheet Information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">DEC. 31</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">DEC. 31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=7 width="36%">
<HR noshade size=1>
	</TD>
	<TD colspan=10 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net Debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Long-term debt&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,174</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,213
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Debt due within one year&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,026</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">800
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Less: Cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(972</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(231
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=7 width="36%">
<HR noshade size=1>
	</TD>
	<TD colspan=10 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Net Debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,782
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,310</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,212
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total shareholders&#146; equity&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">9,862</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,135
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=7 width="36%">
<HR noshade size=1>
	</TD>
	<TD colspan=10 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Capitalization</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">22,400</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">22,129
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=7 width="36%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
	<TD colspan=10 width="6%">
	</TD>
</TR>
<TR>
	<TD colspan=17 width="36%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net Debt: Total Capitalization&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">50.1%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net Debt: Trailing 12-month EBITDA&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.54</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="36%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">EBITDA : Interest (trailing 12-month)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">8.76</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
</TABLE>
<p><font size="2">n.m.: not meaningful&nbsp;</font></p>
<P>
&nbsp;</P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 26 </I>&nbsp;&nbsp;&nbsp;BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
BELL CANADA CONSOLIDATED<font size="-2"><SUP>(1)</SUP></font></P>
<P>
<B><font size="2">Operational Data &#150; Historical Trend</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table19">
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<font size="2"> <b>TOTAL</b></font><B><font size="2"><br>
2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right rowspan="2">
<font size="2">TOTAL<br>
2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<I><font size="1">($ millions, except where otherwise indicated)</font></I><font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4 06</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Local and access&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,212</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,288</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,292
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,317
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,315
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,465
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,348
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,371
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,374
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,372
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Long distance&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,798</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">422</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">458
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">459
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,055
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">481
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">513
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">520
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">541
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,491</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">925</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">912
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">853
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">801
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,085
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">808
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">798
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">769
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">710
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Data&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,120</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,094</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,022
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,003
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,001
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,016
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,097
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,001
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">966
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">952
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,150</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">298</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">289
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">286
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">277
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">976
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">268
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">251
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">236
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">221
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Terminal sales and other&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,577</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">424</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">366
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">374
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">413
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,637
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">388
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">387
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">413
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total operating revenues</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">17,348</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,451</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,339
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,292
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,266
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17,234
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,451
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,322
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,252
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,209
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Operating expenses&nbsp;
	</font>
	</TD>
	<TD width="1%" align=right>
<B><font size="2">(10,059 </font> </B>
	</TD>
	<TD width="1%" align=right>
<p align="left">
<B><font size="2">)</font></B></TD>
	<TD width="1%" align=right>
<B><font size="2">(2,672</font></B></TD>
	<TD width="1%" align=right>
<p align="left">
<B><font size="2">)</font></B></TD>
	<TD width="1%" align=right>
<font size="2">(2,504</font></TD>
	<TD width="1%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="0%" align=right>
<font size="2">(2,435</font></TD>
	<TD width="0%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="0%" align=right>
<font size="2">(2,448
	</font>
	</TD>
	<TD width="0%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="0%" align=right>
<font size="2">(10,047</font></TD>
	<TD width="0%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="0%" align=right>
<font size="2">(2,719</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="2%" align=right>
<font size="2">(2,520
	</font>
	</TD>
	<TD width="1%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="1%" align=right>
<font size="2">(2,414</font></TD>
	<TD width="1%" align=right>
<p align="left">
<font size="2">)</font></TD>
	<TD width="1%" align=right>
<font size="2">(2,394</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">EBITDA</font></B><font size="2"><font size="-2"><SUP>(2)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,289</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,779</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,835
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,857
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,818
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,187
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,732
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,802
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,838
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,815
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><I><font size="2">EBITDA margin (%)</font></I></B><font size="2"><font size="-2"><SUP>(3)</SUP></font>&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">42.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><I><font size="2">40.0%</font></I></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">42.3%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">43.3%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">42.6%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.7%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">38.9%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">41.7%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">43.2%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<I><font size="2">43.1%</font></I><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Amortization expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(3,073</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(784</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(772
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(778
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<p align="right"><font size="2">(739</font></TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">(2,989</font></TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(756
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(756
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(745
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(732
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net benefit plans cost&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(531</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(127</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(125
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(142
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(389
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(65
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(111
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(107
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(106
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Restructuring and other items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(332</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(86</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(111
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(87
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(24
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Operating income</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">3,353</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">782</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">827
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">894
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">850
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">887
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">905
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">981
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">982
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Other (expense) income&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(71</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">44</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">40
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">19
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Interest expense&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(832</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(214</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(215
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(199
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(204
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(827
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(207
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(208
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(206
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(206
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Pre-tax earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,450</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">612</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">529
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">664
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">645
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,968
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">679
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">716
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">786
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">787
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Income taxes&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(571</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(138</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(137
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(165
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(131
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(743
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(139
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(198
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(177
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(229
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(166</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(89</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(25
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(26
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(70
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(22
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Earnings from continuing operations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,713</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">385</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">367
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">473
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">488
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,155
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">518
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">593
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">542
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Discontinued operations&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(7</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(7</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">&#150;
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,706</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">378</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">367
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">473
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">488
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,153
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">516
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">593
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">542
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Dividends on preferred shares&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(52</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(13</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(55
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net earnings applicable to common shares</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,654</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">365</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">355
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">460
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">474
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,098
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">488
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">580
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">528
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Other information </font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="100%" align=left colspan="21">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<B><font size="2">Cash flow information</font></B></TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
	<TD width="6%" align=left>

	&nbsp;</TD>
	<TD width="2%" align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Free Cash Flow (FCF)</font></B>&nbsp;<font size="2"><font size="-2"><SUP>(2)</SUP></font>
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Cash from operating activities&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,522</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,610</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,552
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,401
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">959
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,509
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,638
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,545
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,466
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">860
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Capital expenditures&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(2,921</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(901</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(715
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(767
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<p align="right"><font size="2">(538
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">(3,119</font></TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(733
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(873
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(847
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(666
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Dividends and distributions&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(1,899</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(494</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(453
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(454
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<p align="right"><font size="2">(498
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">(1,747</font></TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(405
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(468
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(452
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(422
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Other investing items&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">(4</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<B><font size="2">)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(9
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(1
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">698</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">225</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">380
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">171
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(78
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">648
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">502
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">208
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">171
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(233
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Capital expenditures as a percentage of revenues&nbsp;(%)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">16.8%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">20.2%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">17.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">18.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">20.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">19.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Balance Sheet Information</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">DEC. 31</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">SEPT. 30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">JUNE 30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">MARCH 31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">DEC. 31
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2006
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="20%">
<HR noshade size=1>
	</TD>
	<TD colspan=8 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Net Debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Long-term debt&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,174</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11,433
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9,941
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9,991
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,213
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Debt due within one year&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,026</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,168
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,454
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,770
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">800
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Less: Cash and cash equivalents&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="2%" align=left>
<p align="right"><font size="2"><b>(972</b>
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)</font></TD>
	<TD width="2%" align=left>
<p align="right">
<font size="2">(2,265</font></TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(97
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(685
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(231
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="20%">
<HR noshade size=1>
	</TD>
	<TD colspan=8 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Net Debt</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">11,228</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11,336
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11,298
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11,076
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,782
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Non-controlling interest&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,310</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,261
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,028
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,214
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,212
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total shareholders&#146; equity&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">9,862</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9,773
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,280
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,191
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10,135
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="20%">
<HR noshade size=1>
	</TD>
	<TD colspan=8 width="6%">
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Total Capitalization</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">22,400</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">22,370
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">22,606
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">22,481
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">22,129
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
	<TD colspan=8 width="6%">
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net Debt: Total Capitalization&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">50.1%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">49.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net Debt: Trailing 12-month&nbsp;EBITDA&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.54</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%" align=left>
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">EBITDA: Interest (trailing 12-month)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">8.76</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.78
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.81
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.72
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<font size="2"><I>P. </I></font><I>
<font size="2">27&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
<I>SUPPLEMENTARY FINANCIAL INFORMATION</I></P>
<P>
BELL CANADA CONSOLIDATED</P>
<P>
<B><font size="2">Statistical Data</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table20">
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">Q4</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">Q4
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="1">
	<I>(unaudited)</I></font></TD>
	<TD width="8%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">CHANGE
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Wireline</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Local</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Network access services (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Residential&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">7,386</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7,985
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(7.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">7,386</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7,985
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(7.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Business&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,670</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,596
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,670</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,596
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Total&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">12,056</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,581
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">12,056</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12,581
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(4.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Long Distance (LD)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Conversation minutes (M)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,595</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,550
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">18,222</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">18,243
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(0.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Average revenue per minute ($)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">0.088</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.097
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(9.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">0.093</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.103
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(9.7%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Data</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Internet subscribers <SUP>(9) </SUP>(k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">High-Speed Internet net activations (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">59</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">267</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">387
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(31.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">High-Speed Internet subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,462</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,195
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,462</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,195
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">12.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Dial-up Internet subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">511</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">586
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(12.8%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">511</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">586
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(12.8%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,973</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,781
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">6.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2,973</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2,781
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">6.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Wireless</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cellular and PCS net activations (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">102</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">83
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">22.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">127</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">227
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(44.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">67</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">127
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(47.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">305</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">289
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">169</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">210
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(19.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">432</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">516
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(16.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cellular and PCS subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,555</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,428
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">8.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,555</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,428
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">8.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,318</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,013
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.6%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">4,318</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4,013
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.6%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">5,873</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,441
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">5,873</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5,441
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Average revenue per unit (ARPU) ($/month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">53</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">51</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">49
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">15</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">14</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">66</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">64
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">3.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">64</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">4.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Churn (%) (average per month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.3%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.2 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.5%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.1 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.7%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">2.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.5 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">2.6%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(0.7) pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.1%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.2 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.1%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.4%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.3 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Usage per subscriber (min/month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">290</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">261
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">273</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">255
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cost of acquisition (COA) <SUP>(10) </SUP>($/sub)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">443</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">409
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(8.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">419</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">406
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(3.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless EBITDA ($ millions)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">402</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">311
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">29.3%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,535</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,307
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">17.4%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless EBITDA margin <SUP>(11)</SUP>&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">42.5%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">37.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5.4 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">42.8%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">41.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.6 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless capital expenditures ($ millions)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">126</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">58
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">403</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">343
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(17.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless capital expenditures as a percentage of revenue&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">13.6%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">7.2%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(6.4) pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">11.5%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(0.4) pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Paging subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">281</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">347
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(19.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">281</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">347
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(19.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Paging average revenue per unit ($/month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(9.1%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Video (DTH and VDSL)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=left>

	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,820</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,727
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5.4%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1,820</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1,727
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5.4%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net subscriber activations (k)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(36.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">93</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">224
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(58.5%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">ARPU ($/month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">55</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">5.8%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">54</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">8.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video EBITDA ($ millions)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">30</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">23
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">30.4%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">181</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">45
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">n.m.
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="40%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Churn (%) (average per month)&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.0%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.0 pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<B><font size="2">1.0%</font></B><font size="2"> </font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="8%" align=right>
<font size="2">(0.1) pts
	</font>
	</TD>
	<TD width=2% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=13 width="40%">
<HR noshade size=1>
	</TD>
</TR>
</TABLE>
<P>
<font size="2">n.m.: not meaningful</font></P>
<P>
&nbsp;</P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 28 </I>&nbsp;&nbsp;&nbsp;BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<P>
&nbsp;</P>
<P>
BELL CANADA CONSOLIDATED</P>
<P>
<B><font size="2">Statistical Data &#150; Historical Trend</font></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="100%" id="table21">
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">TOTAL</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">TOTAL
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="1">
<I>(unaudited)</I></font><font size="2">&nbsp;

	</TD>
	<TD width=6% align=right>
<B><font size="2">2006</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">Q4 06</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 06
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2005
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q4 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q3 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q2 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">Q1 05
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Wireline</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Local</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Network access services (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Residential&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">7,386</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,569
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,673
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,842
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7,985
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8,133
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8,189
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8,332
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Business&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,670</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,668
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,635
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,600
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,596
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,570
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,538
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,518
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Total&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">12,056</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,237
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,308
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,442
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,581
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,703
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,727
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12,850
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Long Distance (LD)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Conversation minutes (M)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">18,222</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,595</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,484
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,576
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,567
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">18,243
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,550
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,466
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,649
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,578
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Average revenue per minute&nbsp;($)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">0.093</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">0.088</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.097
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.094
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.094
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.097
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.106
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.109
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Data</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Internet subscribers <SUP>(9) </SUP>(k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">High-Speed Internet net activations (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">267</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">59</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">47
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">71
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">387
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">106
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">92
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">128
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">High-Speed Internet subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,462</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,403
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,313
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,266
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,195
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,134
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,028
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,936
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Dial-up Internet subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">511</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">531
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">552
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">564
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">586
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">621
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">666
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">696
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">2,973</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,934
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,865
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,830
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,781
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,755
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,694
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2,632
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Wireless</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cellular and PCS net activations (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">127</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">102</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">20
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">21
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">227
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">83
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">73
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">29
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">42
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">305</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">67</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">94
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">106
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">38
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">289
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">127
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">117
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">(5
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">)&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">432</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">169</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">114
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">90
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">59
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">516
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">210
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">123
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">146
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">37
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cellular and PCS subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,555</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,453
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,433
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,449
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,428
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,345
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,272
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,243
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">4,318</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,251
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,157
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,051
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,013
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,886
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,836
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3,719
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">5,873</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,704
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,590
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,500
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,441
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,231
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">5,108
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4,962
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Average revenue per unit (ARPU) ($/month)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">51</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">53</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">53
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">49
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">14</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">15</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">13
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">14
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">16
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">64</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">66</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">66
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">61
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">57
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Churn (%) (average per month)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">1.5%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.3%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Prepaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">2.6%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.7%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">3.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">2.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
 <p style="text-indent: -12px; margin-left: 24px"><font size="2">Postpaid&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">1.1%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.1%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.5%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Usage per subscriber (min/month)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">273</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">290</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">277
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">270
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">249
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">255
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">261
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">265
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">262
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">232
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Cost of acquisition (COA)&nbsp;<SUP>(10) </SUP>($/sub)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">419</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">443</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">415
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">419
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">394
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">406
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">409
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">432
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">401
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">373
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless EBITDA ($ millions)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">1,535</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">402</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">411
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">367
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">355
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,307
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">311
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">363
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">333
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">300
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless EBITDA margin<SUP>&nbsp;(11)</SUP>&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">42.8%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">42.5%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">43.7%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">41.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">43.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">41.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">37.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">44.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">42.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">41.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless capital expenditures ($&nbsp;millions)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">403</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">126</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">110
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">98
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">69
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">343
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">58
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">103
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">118
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Wireless capital expenditures as a percentage of revenue&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">11.5%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">13.6%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.4%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">8.6%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11.1%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">7.2%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15.3%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">9.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Paging subscribers (k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">281</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">298
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">314
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">328
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">347
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">364
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">385
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">404
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Paging average revenue per unit ($/month)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">10</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">11
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">10
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">15
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<B><font size="2">Video (DTH and VDSL)</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Total subscribers&nbsp;(k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1,820</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,788
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,758
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,739
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=left>

	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,727
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,677
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,595
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1,532
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Net subscriber activations&nbsp;(k)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">93</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">32</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">30
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">19
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">224
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">82
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">63
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">29
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">ARPU ($/month)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">54</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">55</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">54
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">53
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">52
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">51
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">50
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">48
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Video EBITDA ($&nbsp;millions)&nbsp;
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">181</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">30</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">41
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">64
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">46
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">45
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">23
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">12
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">6
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">4
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="20%">
<p style="text-indent: -12px; margin-left: 12px">
<font size="2">Churn (%) (average per&nbsp;month)
	</font>
	</TD>
	<TD width=6% align=right>
<B><font size="2">1.0%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<B><font size="2">1.0%</font></B><font size="2"> </font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">1.0%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.9%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width="6%" align=right>
<font size="2">0.8%
	</font>
	</TD>
	<TD width="2%" align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=21 width="20%">
<HR noshade size=1>
	</TD>
</TR>
</TABLE>&nbsp;<P>
<font size="2"><I>P</I><B><I>. </I></B>
</font><I><font size="2">29<B>&nbsp;&nbsp;&nbsp;</B></font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<p><I>ACCOMPANYING NOTES</I></p>
<table border="0" width="100%" id="table26" cellspacing="0" cellpadding="0">
	<tr>
		<td width="3%" valign="top"><font size="2" color="#333333" face="Times New Roman">(1)</font></td>
		<td valign="top" width="77%"><font size="2">We have reclassified some of
		the figures for the comparative period to make them consistent with the
		current period&#146;s presentation. Starting in the third quarter of 2006,
		our segment reporting reflects the formation of Bell Aliant and it is
		reported as a separate segment. Since Bell Aliant includes the
		operations of Bell Canada&#146;s former regional wireline operations and Bell
		Nordiq, the results of our other segments have been restated to reflect
		the sale of these operations. Additionally, the results of our other
		segments have been restated to reflect the sale of the operations to
		Bell Canada of Aliant wireless and the DownEast Mobility Limited retail
		stores, which are now reported in our Residential and Business segments.</font><p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2" color="#333333" face="Times New Roman">(2)</font>
		<p>&nbsp;</td>
		<td valign="top" width="77%"> <B><font size="2">Non-GAAP Financial Measures</font></B><P style="margin-bottom: 0">
<B><font size="2">EBITDA</font></B></P>
<P style="margin-top: 0">
<font size="2">The term, EBITDA (earnings before interest, taxes, depreciation and amortization), does not have any standardized meaning prescribed by Canadian generally accepted accounting principles (GAAP). It is therefore unlikely to be comparable to similar
measures presented by other companies. EBITDA is presented on a consistent basis from period-to-period.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We define EBITDA as operating revenues less operating expenses, which means it represents operating income before amortization expense, net benefit plans cost, and restructuring and other items.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use EBITDA, among other measures, to assess the operating performance of our ongoing businesses without the effects of amortization expense, net benefit plans cost, and restructuring and other items. We exclude
amortization expense and net benefit plans cost because they largely depend on the accounting methods and assumptions a company uses, as well as non-operating factors, such as the historical cost of capital assets and the fund performance of a
company&#146;s pension plans. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis trends in business performance. Excluding restructuring and other items does not imply
they are necessarily non-recurring.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA allows us to compare our operating performance on a consistent basis. We believe that certain investors and analysts use EBITDA to measure a company&#146;s ability to service debt and to meet other payment
obligations, or as a common valuation measurement in the telecommunications industry.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EBITDA should not be confused with net cash flows from operating activities. The most comparable Canadian GAAP financial measure is operating income.
</font></P>
<P style="margin-bottom: 0">
<B><font size="2">EPS before restructuring and other items, net gains on investments and costs incurred to form the Bell Aliant Regional Communications Income Fund (Bell Aliant)</font></B></P>
<P style="margin-top: 0">
<font size="2">The term, EPS (earnings per share) before restructuring and other items, net gains on investments and costs incurred to form Bell Aliant, does not have any standardized meaning prescribed by GAAP. It is therefore unlikely to be comparable to similar
measures presented by other companies. <br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We use EPS before restructuring and other items, net gains on investments and costs incurred to form Bell Aliant, among other measures, to assess the operating performance of our ongoing businesses without the effects
of after-tax restructuring and other items, net gains on investments and costs incurred to form Bell Aliant. We exclude these items because they affect the comparability of our financial results and could potentially distort the analysis of trends
in business performance. The exclusion of these items does not imply they are necessarily non-recurring.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is EPS.</font></P>
<P style="margin-bottom: 0">
<B><font size="2">FREE CASH FLOW</font></B></P>
<P style="margin-top: 0">
<font size="2">The term, free cash flow, does not have any standardized meaning prescribed by Canadian GAAP. It is therefore unlikely to be comparable to similar measures presented by other companies. Free cash flow is presented on a consistent basis from
period-to-period, which allows us to compare our financial performance on a consistent basis.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We define free cash flow as cash from operating activities after capital expenditures, total dividends and other investing activities.
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We consider free cash flow to be an important indicator of the financial strength
and performance of our business because it shows how much cash is available to repay debt and to reinvest in our company. We believe that certain investors and analysts use free cash flow when valuing a business and its underlying assets.<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The most comparable Canadian GAAP financial measure is cash from operating activities.
</font></P>
		<p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top">
<font size="2">(3)</font></td>
		<td valign="top" width="77%">
<font size="2">EBITDA margin is calculated as follows:</font></td>
	</tr>
</table>




<font size="2">&nbsp;</font><table border="0" width="100%" id="table22" cellspacing="0" cellpadding="0">
	<tr>
		<td align="center"><font size="2">EBITDA</font></td>
	</tr>
	<tr>
		<td align="center"><hr width="100" size="1" noshade color="#333333"></td>
	</tr>
	<tr>
		<td align="center"><font size="2">Operating revenues</font></td>
	</tr>
</table>


&nbsp;
<table border="0" width="100%" id="table27" cellspacing="0" cellpadding="0">
	<tr>
		<td width="3%" valign="top"><font size="2">(4)</font></td>
		<td valign="top" width="77%"><font size="2">Effective Q2 2005 the total Wireless capital expenditures are segregated between the Residential and Business segments. Prior quarters have been restated accordingly.</font></td>
	</tr>
</table>




<P>
<font size="2">&nbsp;</font></P>
<P>
<I><font size="2">P.</font></I><font size="2"><I> 30&nbsp;&nbsp;&nbsp;</I>BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<p>&nbsp;</p>
<table border="0" width="100%" id="table28" cellspacing="0" cellpadding="0">
	<tr>
		<td width="3%" valign="top"><font size="2">(5)</font></td>
		<td valign="top" width="77%"><font size="2">Cash flow per share is calculated as follows:</font></td>
	</tr>
</table>




<font size="2">&nbsp;</font>

<table border="0" width="100%" id="table23" cellspacing="0" cellpadding="0">
	<tr>
		<td align="center"><font size="2">Cash flow from operations less capital expenditures</font></td>
	</tr>
	<tr>
		<td align="center"><hr width="320" size="1" noshade color="#333333"></td>
	</tr>
	<tr>
		<td align="center"><font size="2">Average number of common shares outstanding during the period</font></td>
	</tr>
</table>


&nbsp;
<table border="0" width="100%" id="table29" cellspacing="0" cellpadding="0">
	<tr>
		<td width="3%" valign="top"><font size="2">(6)</font></td>
		<td valign="top" width="77%"><font size="2">Annualized cash flow yield is calculated as follows:</font></td>
	</tr>
</table>





<font size="2">&nbsp;</font>
<table border="0" width="100%" id="table24" cellspacing="0" cellpadding="0">
	<tr>
		<td align="center"><font size="2">Free cash flow from operations before common dividends</font></td>
	</tr>
	<tr>
		<td align="center"><hr width="300" size="1" noshade color="#333333"></td>
	</tr>
	<tr>
		<td align="center"><font size="2">Number of common shares outstanding at end of period multiplied by share price at end of period</font></td>
	</tr>
</table>


&nbsp;<table border="0" width="100%" id="table30" cellspacing="0" cellpadding="0">
	<tr>
		<td width="3%" valign="top">&nbsp;</td>
		<td valign="top" width="77%"><font size="2">Note: to annualize, multiply the most recent quarter&#146;s resultant by 4.</font><p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2">(7)</font></td>
		<td valign="top" width="77%"><font size="2">Reflects an increase in the total Bell Canada debt as a result of the completion of the purchase price allocation (PPA) relating to the repurchase of SBC&#146;s 20% interest in Bell Canada, which resulted in an increase in long-term debt of $165
million. This increase in long-term debt will be applied against interest expense ($3 million in Q4 2006) over the remaining terms of the related long-term debt.</font><p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2">(8)</font></td>
		<td valign="top" width="77%"><font size="2">At the Bell Canada Consolidated and BCE Consolidated level, Third Party Preferred Shares reflected in the financial statements of subsidiaries are included in non-controlling interest on the balance sheet.</font><p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2">(9)</font></td>
		<td valign="top" width="77%"><font size="2">High-Speed Internet subscribers include Residential, Business and Wholesale. Dial-up Internet subscribers include Residential and Business.</font><P>&nbsp;</P>
		</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2">(10)</font></td>
		<td valign="top" width="77%"><font size="2">Includes allocation of selling costs from Bell Canada and excludes costs of migrating from analog to digital. Cost of Acquisition (COA) per subscriber is reflected on a consolidated basis.</font><p>&nbsp;</td>
	</tr>
	<tr>
		<td width="3%" valign="top"><font size="2">(11)</font></td>
		<td valign="top" width="77%"><font size="2">Wireless EBITDA margins are calculated based on total
Wireless operating revenues (i.e. external revenues as shown on pages 26 and 27 plus inter-company revenues).</font></td>
	</tr>
</table>





<P>
&nbsp;</P>
<P>
<font size="2"><I>P. </I></font><I>
<font size="2">31&nbsp;&nbsp;&nbsp;</font></I><font size="2">BCE&nbsp;INC.
2006 INVESTOR BRIEFING</font></P>

<HR noshade color="#000000">


<font size="2">

<img border="0" src="q4_pg18-32x15x1.jpg" width="274" height="116">
<BR>
</font>
<TABLE border=0 cellspacing=0 cellpadding=0 id="table25">
<TR valign="bottom">
	<TD width=42% align=left>
<B><font size="2">BCE Inc.</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">For further information concerning the Dividend&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">1000, rue de La Gaucheti&egrave;re Ouest&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">Reinvestment and Stock Purchase Plan (DRP),&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">Bureau 3700&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">direct deposit of dividend payments, the elimination&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">Montr&eacute;al (Qu&eacute;bec)&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">of multiple mailings or the receipt of quarterly reports,&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">H3B 4Y7&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">please contact:&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">www.bce.ca&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">Computershare Trust&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<B><font size="2">Communications</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">Company of Canada&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">e-mail: bcecomms@bce.ca&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">100 University Avenue,&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">tel: 1 888 932-6666&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">9th Floor,&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">fax: (514) 870-4385&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">Toronto, Ontario&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">M5J 2Y1&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">This document has been filed by BCE Inc.&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=right>
<font size="2">&nbsp;</font></TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
 <font size="2">tel:
	&nbsp; &nbsp;(514) 982-7555&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">with Canadian securities commissions and&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">or 1 800 561-0934&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">the U.S. Securities and Exchange Commission.&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=right>
<font size="2">&nbsp;</font></TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
 <font size="2">fax:
	&nbsp; &nbsp;(416) 263-9394&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">It can be found on BCE Inc.&#146;s website at&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">or 1 888 453-0330&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">www.bce.ca, on SEDAR at www.sedar.com&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">e-mail: bce@computershare.com&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">and on EDGAR at www.sec.gov&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">or is available upon request from:&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">PRINTED IN CANADA&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">07-02 BCE-4E&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<B><font size="2">Investor Relations</font></B><font size="2">&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">e-mail: investor.relations@bce.ca&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">tel: 1 800 339-6353&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">fax: (514) 786-3970&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">For additional copies of these&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">statements, please call&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">1 888 932-6666.&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR>
	<TD colspan=5>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">Pour obtenir un exemplaire&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">de la version fran&ccedil;aise de ce document,&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=42% align=left>
<font size="2">composez le 1 888 932-6666.&nbsp;
	</font>
	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=3% align=left>

	</TD>
	<TD width=2%>
<font size="2">&nbsp;	</font>	</TD>
	<TD width=49% align=left>
<font size="2">&nbsp;
	</font>
	</TD>
</TR>
</TABLE>&nbsp;

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