-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KmVncbIiCTorl8RsNIKzAMRqytJqRkT1XiJl1H2GQ5cVdW338cB+lXubTt4dDAHg
 G7VafcB2WMNHMN1FqpauFQ==

<SEC-DOCUMENT>0000950123-10-112798.txt : 20101210
<SEC-HEADER>0000950123-10-112798.hdr.sgml : 20101210
<ACCEPTANCE-DATETIME>20101210154442
ACCESSION NUMBER:		0000950123-10-112798
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20101210
FILED AS OF DATE:		20101210
DATE AS OF CHANGE:		20101210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCE INC
		CENTRAL INDEX KEY:			0000718940
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-08481
		FILM NUMBER:		101244923

	BUSINESS ADDRESS:	
		STREET 1:		1 CARREFOUR ALEXANDER-GRAHAM-BELL
		CITY:			VERDUN
		STATE:			A8
		ZIP:			H3E 3B3
		BUSINESS PHONE:		514-786-3891

	MAIL ADDRESS:	
		STREET 1:		1 CARREFOUR ALEXANDER-GRAHAM-BELL
		CITY:			VERDUN
		STATE:			A8
		ZIP:			H3E 3B3

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BELL CANADA ENTERPRISES INC
		DATE OF NAME CHANGE:	19880111
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>m67199e6vk.htm
<DESCRIPTION>6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e6vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>








<DIV align="center" style="font-size: 14pt; margin-top: 12pt">
<B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 6-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REPORT OF FOREIGN PRIVATE ISSUER</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Rule&nbsp;13a-16 or 15d-16 under<BR>
the Securities Exchange Act of 1934</B>
</DIV>


<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>BCE Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
<I>(Translation of registrant&#146;s name into English)</I></DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">
<B><I>1, carrefour Alexander-Graham-Bell,
Corporate Secretary&#146;s Office, Building A7, Verdun, Qu&#233;bec, Canada H3E 3B3,
</I></B></DIV>


<DIV align="center" style="font-size: 10pt">
<I>(Address of principal executive office)</I></DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form&nbsp;40-F&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#120;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1):&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7):&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Indicate by check mark whether by furnishing the information contained in this Form, the registrant
is also thereby furnishing the information to the Commission pursuant to Rule&nbsp;12g3-2(b) under the
Securities Exchange Act of 1934.</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="45%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="right" valign="top"><DIV style="margin-left:0px; text-indent:-0px">Yes&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">No&nbsp;&nbsp;&nbsp;<FONT style="font-family: Wingdings">&#120;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with
Rule&nbsp;12g3-2(b): n/a.</DIV>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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.
</DIV>

<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>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: December 10, 2010&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left"><I>(signed) Alain F. Dussault</I>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Alain F. Dussault&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Corporate Secretary&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="84%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1.</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt">&nbsp;</TD>
    <TD valign="top" style="font-size: 10pt"><DIV style="margin-left:0px; text-indent:-0px">Press Release &#151; December&nbsp;10, 2010</DIV></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>m67199exv1.htm
<DESCRIPTION>EX-1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: Helvetica,Arial,sans-serif">

<DIV align="RIGHT" style="font-size: 10pt; margin-top: 12pt">EXHIBIT 1</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR></TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="m67199m6719901.gif" alt="(BCE LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="MIDDLE"><IMG src="m67199m6719902.gif" alt="(NEWS RELEASE LOGO)"></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For Immediate Release

</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>BCE announces 7.7% common share dividend increase for 2011 and<BR>
$750&nbsp;million voluntary pension contribution</B><BR>
<I>Clear path established towards goal of achieving a surplus position in Bell Canada&#146;s<BR>
defined benefit pension plan by the end of 2014</I>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">MONTR&#201;AL, December&nbsp;10, 2010 &#151; BCE Inc. (TSX, NYSE: BCE) today announced a 7.7% increase in
its annual common share dividend to $1.97 per share for 2011, and plans to accelerate funding of
future pension obligations through a voluntary prepayment in December&nbsp;2010 in the amount of $750
million to Bell Canada&#146;s defined benefit pension plan from cash on hand.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;Bell continues its strong track record as a dividend growth company, delivering increasing returns
to our shareholders in a consistent and financially sustainable manner,&#148; said George Cope,
President and CEO of BCE and Bell Canada. &#147;The dividend increase reflects our confidence in
delivering continued earnings growth and strong cash flow as we accelerate the execution of Bell&#146;s
5 Strategic Imperatives. Substantial ongoing cash flow generation and ample liquidity provide us
with the financial flexibility to reward shareholders and maintain a strong balance sheet &#151; while
continuing our significant investments in broadband networks and other strategic business
initiatives to enhance our competitive position.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Today&#146;s announcement represents BCE&#146;s sixth increase to the annual common share dividend in the
past two years. With this increase, BCE&#146;s annual common share dividend has increased by 35% since
the fourth quarter of 2008.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The BCE annual common share dividend will increase by 7.7% to $1.97 per share, effective with BCE&#146;s
Q1 2011 dividend payable on April&nbsp;15, 2011 to shareholders of record at the close of business on
March&nbsp;15, 2011. This increase maintains BCE&#146;s payout ratio conservatively within its policy range
of 65% to 75% of Adjusted EPS.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&#147;The special voluntary pension contribution that we are making systematically addresses our
solvency deficit situation in a permanent and comprehensive way by paving a clear path to a surplus
position in Bell&#146;s defined benefit pension plan,&#148; said Siim Vanaselja, Chief Financial Officer of
BCE and Bell Canada. &#147;Moreover, an approximate 1% increase in discount rates over the next few
years, together with reduced normal course annual funding requirements brought about by the special
contribution, is expected to effectively eliminate Bell&#146;s pension plan deficit in 2014. This will
further strengthen our credit profile, improve our cash flow generation and enhance the security of
pension benefits for all of Bell&#146;s retirees and employees in our defined benefit pension plan,
while supporting our objective to return more cash to shareholders.&#148;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE will make the $750&nbsp;million payment to Bell Canada&#146;s defined benefit pension plan from cash on
hand. This contribution will take place prior to year-end 2010 and is fully tax deductible, leading
to higher Adjusted EPS and lower free cash flow as indicated in our updated 2010 outlook below. As
a result of the $750&nbsp;million special pension contribution, we expect free cash flow will improve in
2011 through a combination of cash tax savings and lower pension funding payments, which together
represent close to a 50% payback. This is comprised of cash tax savings of around $190&nbsp;million in
early 2011 and an approximate $170&nbsp;million decrease in Bell&#146;s
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2011 pension cash funding requirement net of financing costs. Bell&#146;s below EBITDA pension expense
is also expected to improve in 2011 as a result of the special pension contribution, resulting in
Adjusted EPS accretion, net of financing costs, of approximately $0.03 per share.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Updated 2010 outlook</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As a result of the $750&nbsp;million special pension contribution, BCE updates its financial guidance
for 2010 as follows:
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="24%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Guidance</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Guidance</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>November 4</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>December 10</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>2010 Guidance</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>February 4</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>August 5</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Expectation</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Expectation</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Bell </B>(i)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Revenue Growth
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">1% - 2%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2% - 3%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">EBITDA Growth (ii)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">2% - 4%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No change
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Capital Intensity
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&#8804;16%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No change
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>BCE</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Adjusted EPS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$2.65 - $2.75
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$2.75 - $2.80
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$2.80 - $2.85</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Adjusted EPS Growth
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">6% - 10%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">10% - 12%
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">12% - 14%</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Free Cash Flow (iii)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$2.0 B - $2.2 B
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No change
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">On track
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">$1.25 B - $1.45 B</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
</DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD width="96%"></TD>
</TR>

<TR valign="top">
    <TD nowrap align="left">(i)</TD>
    <TD>&nbsp;</TD>
    <TD>Bell&#146;s 2010 financial guidance for revenue, EBITDA and capital intensity is exclusive of
Bell Aliant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(ii)</TD>
    <TD>&nbsp;</TD>
    <TD>The most comparable Canadian GAAP financial measure is operating income. For 2010, Bell
expects EBITDA growth of 2% to 4%. This range reflects expected Bell operating income of
approximately $2,900&nbsp;million to $3,100&nbsp;million.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(iii)</TD>
    <TD>&nbsp;</TD>
    <TD>The most comparable Canadian GAAP financial measure is cash flows from operating
activities. For 2010, BCE expects to generate free cash flow in the range of $1,250
million to $1,450&nbsp;million after a $750&nbsp;million special contribution to Bell Canada&#146;s
defined benefit pension plan. This amount reflects expected BCE cash flows from operating
activities of $4,650&nbsp;million to $4,850&nbsp;million.</TD>
</TR>

</TABLE>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE will provide its 2011 financial outlook on February&nbsp;10, 2011.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Incentive plan</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">As disclosed in BCE&#146;s 2010 Management Proxy Circular, restricted share units granted to senior
management on December&nbsp;22, 2008 will vest on December&nbsp;21, 2010. George Cope, President and CEO of
BCE and Bell Canada, has advised the Board of Directors of BCE Inc. that he has elected to receive
100% of his restricted share units in deferred share units, which will only be paid after his
cessation of employment with the company. As a result of this election, Mr.&nbsp;Cope&#146;s direct and
indirect holdings of BCE common shares and common share units, excluding stock options, will
increase to approximately 776,000.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Call with financial analysts</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE will hold a conference call for financial analysts to discuss its cash deployment strategy on
Friday, December&nbsp;10 at 8:00 a.m. (Eastern). Media are welcome to participate on a listen-only
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">basis. To participate, please dial (416)&nbsp;340-8018 or toll-free 1-866-223-7781 shortly before the
start of the call. A replay will be available for one week by dialing (905)&nbsp;694-9451 or
1-800-408-3053 and entering pass code 1847157#.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">There will also be a live audio webcast of the call available on BCE&#146;s website at:<BR>
<U>http://bellwebcasting.ca/audience/index.asp?eventid=18289911</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Caution concerning forward-looking statements</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Certain statements made in this news release, including, but not limited to, statements relating to
our 2010 financial guidance (including revenues, EBITDA, capital intensity, Adjusted EPS and free
cash flow), Bell Canada&#146;s objective of achieving a surplus position in its defined benefit pension
plan by the end of 2014, BCE Inc.&#146;s dividend policy, BCE Inc.&#146;s objective to return more cash to
shareholders, and other statements that are not historical facts, are forward-looking.
Forward-looking statements, by their very nature, are subject to inherent risks and uncertainties
and are based on several assumptions which give rise to the possibility that actual results or
events could differ materially from our expectations expressed in or implied by such
forward-looking statements. As a result, we cannot guarantee that any forward-looking statement
will materialize and you are cautioned not to place undue reliance on these forward-looking
statements. The forward-looking statements contained in this news release describe our expectations
at December&nbsp;10, 2010 and, accordingly, are subject to change after such date. Except as may be
required by Canadian securities laws, we do not undertake any obligation to update or revise any
forward-looking statements contained in this news release, whether as a result of new information,
future events or otherwise. Except as otherwise indicated by BCE, forward-looking statements do not
reflect the potential impact of any non-recurring or other special items or of any dispositions,
monetizations, mergers, acquisitions, other business combinations or other transactions that may be
announced or that may occur after December&nbsp;10, 2010. The financial impact of these transactions and
non-recurring and other special items can be complex and depends on the facts particular to each of
them. We therefore cannot describe the expected impact in a meaningful way or in the same way we
present known risks affecting our business. Forward-looking statements are provided for the purpose
of providing information about management&#146;s current expectations and plans and allowing investors
and others to get a better understanding of our operating environment. Readers are cautioned that
such information may not be appropriate for other purposes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material assumptions</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>Economic and Market Assumptions</I></B>

</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A number of Canadian economic and market assumptions were made by BCE in preparing its
forward-looking statements for 2010 contained in this news release, including, but not limited to:
(i)&nbsp;growth in Canadian GDP in 2010 based on the estimates of the six major banks in Canada, (ii)
consistent with this consensus view, we have assumed a gradual improvement in the Canadian economic
environment with momentum beginning in the second half of 2010, (iii)&nbsp;revenues generated by the
residential voice telecommunications market in Canada to continue to decrease due, in part, to
landline substitution to competing technologies such as wireless, which is expected to increase in
2010 particularly as a result of aggressive competitive activity by new wireless entrants having
purchased AWS spectrum, and VoIP and other factors including e-mail and instant messaging
substitution, (iv)&nbsp;current levels of competition to continue for residential and business local
voice telephony, as cable operators and other telecom service providers maintain the intensity of
their marketing efforts and continue to leverage their network footprints to pursue market share in
our regions, (v)&nbsp;wireless industry penetration growth in 2010 similar to
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">2009, and (vi)&nbsp;TV and Internet market growth at levels slightly lower than 2009, given the
relatively high penetration rates and maturity levels for these products.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Operational Assumptions</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our forward-looking statements for 2010 are also based on certain internal operational assumptions
concerning Bell (excluding Bell Aliant), including, but not limited to: (i)&nbsp;targeted retention and
service bundle offers, customer winbacks and better service execution to maintain residential NAS
line losses steady year over year, (ii)&nbsp;the trend, pursuant to which business market demand was
adversely affected in 2009 as business clients curtailed their spending and investment plans, to
continue to moderate demand for communications services and induce firms to migrate from legacy
services to new technologies that provide cost effective solutions to their needs, (iii)&nbsp;the
November&nbsp;2009 launch of our new HSPA/HSPA&#043; network to drive increased smartphone penetration and
enhance the opportunity for incremental growth in data usage and increased roaming revenues, (iv)
higher employment levels, increased discretionary spending and the resumption of travel as the
economic environment strengthens to result in higher wireless usage and roaming revenues, (v)&nbsp;new
wireless entrant competition to intensify progressively throughout the course of 2010 as additional
service providers come to market, (vi)&nbsp;our wireless revenue growth to be driven by ARPU from new
services, careful price management and a continued disciplined expansion of our subscriber base,
(vii)&nbsp;Bell to benefit from ongoing technological improvements by manufacturers in Bell&#146;s handset
and device lineup and from faster data speeds that are allowing clients to optimize the use of
Bell&#146;s services, (viii)&nbsp;significant increase in our points of sale, (ix)&nbsp;diligent expense
management to moderate the impact of aggressive discount brand and new entrant pricing, higher
retention spending and increased acquisition costs driven by increased smartphone customer
penetration, (x)&nbsp;wireless EBITDA margin pressure from new entrant competition and increased
subscriber acquisition and retention costs, (xi)&nbsp;wireless ARPU pressure from new entrant
competition, (xii)&nbsp;expense savings, contributing to the maintenance of stable EBITDA margins, to be
achieved from renegotiating contracts with all our key IT vendors and outsource suppliers, the
flow-through from labour force reductions in 2009, field workforce productivity improvements,
leveraging operational synergies from the integration in 2009 of our business customer-facing
units, controlling network maintenance costs, and reducing traffic that is not on our own network,
and (xiii)&nbsp;improved wireline revenues due to revenues from the acquisition of The Source, continued
strong growth in Bell&#146;s TV business, and a continued focus on pricing discipline.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Financial Assumptions</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our forward-looking statements for 2010 are also based on certain other financial assumptions for
2010 concerning Bell (excluding Bell Aliant) including, but not limited to: (i)&nbsp;Bell&#146;s cash taxes
to be approximately $120&nbsp;million, (ii)&nbsp;Bell&#146;s total net benefit plans cost (pension expense), which
is based on a discount rate of 6.4% and a 2009 return on pension plan assets of 15%, to be
approximately $130&nbsp;million, (iii)&nbsp;including the proposed $750&nbsp;million special contribution to Bell
Canada&#146;s defined benefit pension plan, Bell&#146;s retirement benefit plans funding to be approximately
$1.25&nbsp;billion, (iv)&nbsp;Bell&#146;s capital intensity to be less than or equal to 16%, and (v)&nbsp;Bell to
continue to invest in fibre deployment to expand its wireline broadband footprint to approximately
3.6&nbsp;million households by the end of 2010.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Our forward-looking statements for 2010 are also based on certain other financial assumptions for
2010, including, but not limited to: (i)&nbsp;restructuring and other charges in the range of $170
million to $220&nbsp;million, (ii)&nbsp;depreciation and amortization expense slightly lower than 2009, (iii)
as a result of the proposed $750&nbsp;million special contribution to Bell Canada&#146;s defined benefit
pension plan<B>,</B> an effective tax rate of approximately 19% or slightly below, and a statutory tax
rate of approximately 30.6%, (iv)&nbsp;EPS to be positively impacted by the proposed $750&nbsp;million
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">special contribution to Bell Canada&#146;s defined benefit pension plan and the repurchase of $500
million of common shares under BCE&#146;s normal course issuer bid announced in December&nbsp;2009, and (v)
the permanent repayment of long-term debt maturing in 2010.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B><I>Assumptions Underlying the Objective of Achieving a Pension Surplus</I></B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Bell Canada&#146;s objective of achieving a surplus position in its defined benefit pension plan by the
end of 2014 assumes a return on plan assets of 10% for 2010 and 7% for 2011 to 2014, a 4.25%
discount rate at the end of 2010, and an approximate 100 basis points increase in the discount rate
by the end of 2014, and regular annual pension contributions of $400&nbsp;million from 2011 to 2014.
Bell Canada&#146;s ability to make such regular annual pension contributions is in turn subject to the
material risks discussed in the next section below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The foregoing assumptions, although considered reasonable by BCE on December&nbsp;10, 2010, may prove to
be inaccurate. Accordingly, our actual results could differ materially from our expectations as set
forth in this news release.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Material risks</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Important risk factors that could cause our assumptions and estimates to be inaccurate and actual
results or events to differ materially from those expressed in or
implied by the forward-looking
statements set out in this news release are listed below. Readers are cautioned that any of the
following risks could have a material adverse effect on our forward-looking statements. These risks
include, but are not limited to: the intensity of competitive activity, including the increase in
wireless competitive activity resulting from Industry Canada&#146;s licensing of AWS spectrum to new
wireless entrants, and the resulting impact on our ability to retain existing, and attract new,
customers, and on our pricing strategies and financial results; general economic and financial
market conditions, the level of consumer confidence and spending, and the demand for, and prices
of, our products and services; our ability to implement our strategies and plans in order to
produce the expected benefits; our ability to continue to implement our cost reduction initiatives
and contain capital intensity while seeking to improve customer service; our ability to respond to
technological changes and rapidly offer new products and services; increased contributions to
employee benefit plans; events affecting the functionality of, and our ability to protect, maintain
and replace, our networks, information technology systems and software; events affecting the
ability of third-party suppliers to provide to us essential products and services; the quality of
our network and customer equipment and the extent to which they may be subject to manufacturing
defects; labour disruptions; the potential adverse effects on our Internet and wireless businesses
of the significant increase in broadband demand; our ability to raise the capital we need to
implement our business plan, including for BCE&#146;s share buy-back programs and dividend payments and
to fund capital and other expenditures and generally meet our financial obligations; our ability to
discontinue certain traditional services as necessary to improve capital and operating
efficiencies; regulatory initiatives or proceedings, litigation and changes in laws or regulations;
launch and in-orbit risks of satellites used by Bell TV; competition from unregulated U.S. DTH
satellite television services sold illegally in Canada and the theft of our satellite television
services; BCE&#146;s dependence on the ability of its subsidiaries, joint ventures and other companies
in which it has an interest to pay dividends and make other distributions; there can be no
certainty that dividends will be declared by BCE&#146;s board of directors or that BCE&#146;s dividend policy
will be maintained; stock market volatility; our ability to maintain customer service and our
networks operational in the event of the occurrence of epidemics, pandemics and other health risks;
health concerns about radio frequency emissions from wireless devices; the expected timing and
completion of the proposed acquisition by BCE of the remaining 85% interest in CTVglobemedia that
it does not already own is subject to closing conditions,
</DIV>




<P align="center" style="font-size: 10pt"><!-- Folio -->5<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: Helvetica,Arial,sans-serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">termination rights and other risks and uncertainties including, without limitation, any required
regulatory approvals; and loss of key employees.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">For additional information with respect to certain of these and other assumptions and risks, please
refer to BCE&#146;s 2009 Annual MD&#038;A dated March&nbsp;11, 2010 (included in the BCE 2009 Annual Report),
BCE&#146;s 2010 First Quarter MD&#038;A dated May&nbsp;5, 2010, BCE&#146;s 2010 Second Quarter MD&#038;A dated August&nbsp;4,
2010 and BCE&#146;s 2010 Third Quarter MD&#038;A dated November&nbsp;3, 2010, all filed by BCE with the Canadian
securities commissions (available at <U>www.sedar.com</U>) and with the U.S. Securities and Exchange
Commission (available at <U>www.sec.gov</U>). These documents are also available on BCE&#146;s website at
<U>www.bce.ca</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About BCE</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">BCE is Canada&#146;s largest communications company, providing the most comprehensive and innovative
suite of communication services to residential and business customers in Canada. Operating under
the Bell and Bell Aliant brands, the Company&#146;s services include telephone services, wireless
communications, high-speed Internet, digital television, IP-broadband services and information and
communications technology (ICT)&nbsp;services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Bell Mental Health Initiative is a multi-year charitable program that promotes mental health
across Canada via the Bell Let&#146;s Talk anti-stigma campaign and support for community care, research
and workplace best practices. To learn more, please visit <U>www.bce.ca/mentalhealth</U>. BCE shares are
listed in Canada and the United States. For corporate information on
BCE, please visit <U>www.bce.ca</U>.
For Bell product and service information, please visit <U>www.bell.ca</U>.
</DIV>




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Media inquiries</B><BR>
Marie-&#200;ve Francoeur<BR>
Bell Media Relations<BR>
514-391-5263<BR>
<U>marie-eve.francoeur@bell.ca</U>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Investor inquiries:</B><BR>
Thane Fotopoulos<BR>
BCE Investor Relations<BR>
(514)&nbsp;870-4619<BR>
<U>thane.fotopoulos@bell.ca</U>

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->6<!-- /Folio -->
</DIV>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>m67199m6719901.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 m67199m6719901.gif
M1TE&.#EAC0!K`/?_`+[8Y=KJ\#6)L%F=OLC>Z??Z^JO-VQ)LF]CG[X6VS9K#
MU1!JFF:DPN7O\]WJ\&2BP$F4N"-]J1MXIDB3M^SS]B^%KM[K\"J"K"F!JA5M
MF[O5XZ_/WA9RH$R5N!-PGA-MG!][J!Y[IA=SHA-MGSB*L1QYIA)HF1%JG!%I
MFOS]_?___Q%GF/[^_AAXHJ7)V1!LGR5^JA%HF1%IG!AUI.'M\1!JG!!IF?O\
M_!%LH!AXI#^.M!%OHA)FF._U]Q!MG[W8Y*3)VA!KGA%KGA-GF(*TRQ%LG_W^
M_A)HF_K\_!EXI0]OHA%JG>/N\OCZ^U"6NI3`TO/W^);`T^WT]IG"U!9NGNOS
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MGGNPR3*&K1AVI1%FE____R'Y!`$``/\`+`````"-`&L```C_`/\)'$BPH,&#
M"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>/($.*'$FRI,F3*%.J7,FRI<N7
M,&/*G$FSILV;.'/JW,FSI\^?0(,*'4JTJ-&C2),J7<JTJ=.G4*-*G4H5HXHX
M;BPH,F1H4!8YSFZH0$H(#)&S:-.>#?-FRJQT6>0A&=O12!L@?&8DD_%"B1)+
M+V2(XM5A2J`X"E4T:$.CL>/'D"-';A.,+L8IGEYHWLR9LP\<2EZ8,/,G#R?+
M%J'HL2,#QXD8-E;P\$>;QPH3,4[X"`*B#@6$*>:<0$&\N/'CR)&?X,!"HXL3
MM*-+GQZ=!^XE.&PX<F"Q0!0J/F2L_Z!.GO8*%*+!8#&8`M.1%?#CRY]/G_Z1
M%LTS/B_/?[J)(">P0H9$*A"`2!$Q]*>@"2]XD`]J*;1@@H(42F="%_EAM%^%
M_:U0!`E00)1"&$&@P*&",;PP21,#13CAB0MBZ!QT,/(7Q`4%.$1*!T6,5R-_
M/&PC@!0"N?@C?Q=F>-&&T_&`PPX[*('#;BB\6-X2::"&D"1V"$'A"C;$@$(,
M,5AI(P<Y&GDD>4G.2!T/>!@```!J]!'%)(4L\(*/Y`5!R4)([!)$AZV=P`4'
M29B!APT^O)!@>4*\T9R:33X)Y:689GJI)R88X:9_^!6D@A$-@''$H]0=08>2
M!7GQBY?\G?]P`AUE/,(($D;<0(H5Q91#BP\F3B>$&%H4*>&;>"0"P`_,-NOL
ML\S2,XB6%3$9G0DSW)`0`KV@.ET,3"2DQPM(OM"!,*P65$`B((@6W1+'I-#B
ML?XE06U*UM*&K;8)W>&M="?T@5`H"_#Y[1%YI(O0%["@((,_)U3`XKQFZIN#
MO"[EZ\^^"T'R,'4H1$,M"Q-\3%T,"V0AT2.(^"!!#P51>NW%+VG,L4)W+$!>
M#&-0:P^-U-W&#$58#&`!>_1:2'/&0%^;[4)N'&`P;3$<HB4+N/S[[B<6W2NS
MQ1BW9//3"@%"Q=3^Q&",EEF8/)T,R]Q[T=<;+RUVT_J2G9`47*#_+<,TJ*D0
MB]O2'5#%1W2;8#=+8_.;T!7!3K<$UP1!T3=Y,IP"4N*+K]3X0F)$7IT)OQ$T
M#][7FK-YTC.'S3CJ-R,DQSWDU9`E02J((WIT,:@C-T:<N^XY['H;5$4$6J]P
MA!4%93(#VA#G$5+P-<,>JD%(J-$.X;2]`(=!5H@R&W7(A+MZQ1N/HC!*&O,P
M!P$!Q/^((FKLDX2C;Q;A1[J1H.[/"FQ`PO185QLJ1,$%0$B@`A>X0&4D8GW5
M\I\_:B`K6?7E!4<H#S<4X(6#3,%_//L=\`A8FR+@X(0H3*$*=[`"X6E(@O,9
M7WE6$(YWI$L%D-@=;5"`"A'.C80_,D$2_URX)`G6:`4R^$8S7*<"76@-8@H0
M"=V".,2.:&Q-2/2!`!`P$!:`P@;D.<$6I`C$&@F1B!:YXIIH(ZM&C(4%%0`C
M=<1(1O11$8T1+`\%*UA!&8P)>M=Z00)4H`(,V)&.`[3CQFS`R$8Z\I$H8`,>
M*7+%-8PA%4[(I"8%4`(NZ$:'U7E!';SPQ3".,9'E&<(:AL#*5KK2E;8HP20G
M,K8O$/*6A/2")KP1B"BT2XY!JT$MT`!,@'T/E=-9`0>8T(-F.O.9T.P!('PH
MD;'-\A]DR,,"0+FQ#)A!AM)!`1'J2!T3J*]ZY2R>0I@0CB=N#)`QR`4U*T(]
MIJ73<0RYQ0@`B?\D=WCJ?.7LG$H^]Y!XU."(\"`20/TC4'P1#Y\,D<39:G2"
M2"!3:=<<"4$=HH)<9!!&,E#%15N'3O^HDR&7X)Z"5D"%,RP4HR6UT$D7`@0C
M\D<?OG@I2>UI4H@RI!0J?6=Y;!`"`7JDGG>[)T14((N/3L<&["@!($]0!\21
M4'$9%<E&&X($3$#O!`#XX`QCP!V+I`NIKU/J0P"@4MM481/\/$()-E$1*#SC
M3P1!Z_#4VI`F(&]GA?"4&(R81#=,!`'8>,$(Y)#7JS:4?0]UR`WX<%#R+&$*
M`NE!-A0Y07Q<`2)G>(,?_8$":RCT'WH=*/$0PY!0'&)0;/I`B`12!EC_E0<%
M)WC%'D2H`D;`@0-[BHX,JN%2U#KVGTDU*1Y5@(0`K&(%1A1"%`ABA`G8=`6B
M`08`KH$$%A"2!4U@@@8>P`7\3><$Z,B$<=%G`F*0`9?PC:]\Y[F0]AW@'%%X
M@G[W*PAI=(`-)W!7>61@!^%AH1]!O580<&`"$6!`!VB`!CAB@(,@%%-8?TB!
M$8"X!A+HX,,@#K&(1UR/<=`W(6I\@0^*P.(6%T$(K^$G:2MQ.(,P81@)ME`,
M9'""&HR)L]$1PC>:L&%%RJ`&2$ZRDI?,9!_$XL0(4>,:(58)&B3$`B*P*19?
MP`X637'*I&4`E`\BY2-AMP*M6`@G!!!<,`OW_P2F^.>7IXP",1?1S?J"<1B^
MT!`R@($:)P#GD6+@`PQ\EF)XGDZ=QVR0,G_)!KHQ`0.L#!$$0$`(00#R#%'@
M@SFL@\^-U?21%GV110`K.<CAL:R"((076$((!]!!&78[$19<P1$\V$V9.F0#
M&;P8!HMPQ4%2X('AH/K8R";."VYGD4Y@`P;0CK:TI4V'"8QA`K\0PR4V0`@H
M%.LB*I!")V(A`D(KH5&8U@QHEO`!?I#C#GC4!!HB,.UZV_O>THX`&!@M*A;X
M^]\`#[@6<!D2YEJ!``801!C\P(!N)*`1&M`&%B`X$!4$_.(8SSC&OTT5?E?E
MXR`/N<A'3O*2F_SD*"5/N<I7SO*6N_SE,(^YS&=.\YK;_.8XS[G.=\[SGOO\
(YT#_1T```#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>m67199m6719902.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 m67199m6719902.gif
M1TE&.#EAWP`H`/?_`.[R\A5PI3F(M32&M198F7&JQA]XK)K#V.GN[R1\L#"$
MM,K<X153EZ7)V7VQS=KEZ'BNRAAQIG:LR?;X^-7BY6VHQ460N8FYTY[$V!=A
MG5&5NH:VT4",M^#IZZC*VM/AY"E^LK;2W*/&V1UVJIC!UY2_UK30VZS-VA=<
MFB!YK1=NI4Z5NSR)MQ=>G%2:O195ES"#M$F2N4"-N+'/VRZ`LL?;X<C<X15M
MHV:DP6*CP,S>XM_HZIC"UQ9:FOCY^<[?X_7V]A16F<K=XA9DGOS]^L'8W[K5
MW=;DYK/0VQIUJ5>:O._R\UF=OK[6WCF&M5R?ONKO[\7;W]SFZ?;W]_GZ^BJ`
MLGJPR^3L[>SP\6BFPU:;O5*8O#R+MU&7N[G3W46-N//U]E^BP!=FGQ=BG)O"
MUCZ+M^;L[528NYS"V=CEYX>XTD..N!54F-'@Y.OO\!ARJ$Z3N62CP6JFQ++1
MW)?`UA]QIXJZU*/(V2Z!LW2JR!EKHA9JHB1ZKA9CG1=BGD".N)S"UYK!V!==
MFY&_UA96EI"\U6*AP!9-D[_7W2!VJ[C4W*K+V:'&V15JH9*\U(^\U4&)M?7U
M]A=<G&^HQ<W>X;W8W[S4W;O4WI;"V9.]UA9GH"J`M!5JHD"+N#.$M!=TIQ5K
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MMC2"L_+U]O[__?_______R'Y!`$``/\`+`````#?`"@```C_`/T)%!B*%*E0
MH08J7,BPH<.'$"-*G$BQ8L-^`TFE&M5/E,6/($,^_+=0%$=1&$6J7,FR9464
M)D>-0NFRIDV2%T.EM,FSI\^&!TO^'/H1YT!\'2;XZ[>3H2A1I(A*G>HPH;]0
M/HJ$P'*5JE>&__J1$N;O`0L]-$(LU2ESX21Y%[[*]0HE01^U<^?^B]IO5!A3
MR5H%H$00X<(NARKD7?P301(4,QA__=<6S`!3%5B\<`&+J3^/"K7<0R6YM$L$
M!EH@,3WU7ZA4_EX)8'.B2`MSN_R=&D6JJ6C2K(.#1*U:^-"P"?D)8$#-G[[-
M`CV''FV\^D3BJZWS#(NQE(![=/QY_V@Q;9N_458'_AX8ZA0I40G?#V2:LE_!
MOCH[,@R%GM3NJ`+!9Q)_&)E$DW2?H12*@``"%5]3:\'D3V\3CK+454RA5Y!"
MV!'DD86CG'(?>PGQAIXL4/&&$&\*B04;?AT=U)%,%D:'$(07VD??6DSQ!YI1
MI>C#``G^3%#%"UK\TI%OU"UU"A%0V><0*3-U!-]`4"DTDRP#$?'D>1CI)]`J
MISP%&D-6PI(>4/#A&*`H4#)UYD);KMGA9S-!]91#'?'7E9QM-90>;P+.])!)
M"_6SRBI5$2&=46#HPTH@`I$@B"8Z-+3>4C*)\F59)RPS"1K;O"(01QSY0TL;
M"$RHT)6OM/_AQI]]R:*3&VT`T^-`#W@!"!D8-+'#0"Q"!-H5N="!B@37>+&$
MC37Z\\,=$DB@C#NJG'H*AZEEA^>&_BR!328%;###L%=QU(\O%HIUZ@_T6%%`
M"9;4XH\/']#BJ$=B=J`-(`<<$`(%.5EUQ"+H%(#!+D"L91600A(96Q5!Q('A
M=,!-&(JC_G13`30OZ-("+H+L<\"I5UHQ!!>S+&28`WVL0,6W%Q+1Q1@2$.2/
M#5V`X@H!!.!B2@0%<+7G0PD!8<4(K8@LB"DHT'#'+#ONTL4000CR=`86F!`@
MM\6==[0_U-"@2P^"Z&+*)SC0<EY_;&'D10Q#0"U(*SW0X,$"8JS_H=1YC-*2
MPQNFM-(*`2_LD0[!+6(D10Y[A"P(`2TXH<RI`D$:\84DZ*("XQ@W[@\%(`0C
MQ@H7D#`)#*8(DH4/_A!AH0GD+>"R/[540<`-;D.54$([<-+""0/ID`0;;VQ1
M00$YL)`!*P.8T15$0&A!.0L%8%)(&`;<8\`S`YT0``,1/%%""3DDPLH0@TPO
MT)UO^S-+%B@0`$,!)&RPPA`,@$#P@E2BR06&P(9$N,`./*B``@@P!'@T`P93
M^!H4!L`&35B@`I.0@P4:P8!XV"XC_A`"'X*QAS/8@0Y9J((K6H`*5:0$8D,:
MB#CP\`(Y1$<]35J*1ZX``E8XH08*`<,R_\;0`PCH;`D&((`:0"B0&H@A`WT@
MPU(\@Q$22&($IOK,$]@P@#0L9`;Q>(,V+@21$"2C#X.(A4)HL8[<8$0;-S`%
M$QZ@D"LP@0!]\,!"X&<59A"@&IEHV$!RD0`V5*%5^1'((%J0#'6X;2`^&*`@
M6C"`".K$'Q<@P`B^L1`;#$`3)]N1%%+`@"\(02&U4$<+!+'$S`TD2`S@@4)X
M((D;>)&,2LCA3(B1`U;`H!C1H8D__`B*3(%&#JRPP,QRY(\-M"`#DCB#0%+1
M(U%HX07'&`@O:,`&/88)0$*@!2SD`Q%&L&$3@D13/VH!@Q<P08T+H8(%3%$%
M>PWD3@OR1PCZ,/^$!LPG);NX`0&,&!4+L6,/NFBEE&ID!S^@H))DW,(MC#BA
M5:1$"C^`YX1\X`)6L(`7#8D#`2)P2QC*<B!@`($I+.8N?VS*,T>8QA#4TILK
M>00`(S#%)!3B`11`XPB8\P<LN)`,/"0C`5#0&$:>P0T"+.(\N(.!*PH1G55X
M)#V(@D@XV.`)>[)GBOZ@ARE&8`L,T0<C4>A#"\(!MNST)18:N$4VYR,3C$S"
M%"EH55".\0(+P.)MO;&**BXS`*4002`N8$`8HI,*&?T3(S48@AARHZX=V>(3
MO5B&*P4"RY->Z`"ZN`'!`+2I"V7"%'^`2`'8(`!^N,H:3<7`52CT@0#_5*,!
MGTB&%R[F#R1<T6TU.H8KXL%)]K3I*=2$B#*X^JP6M<FEA,C90UC`@"RT56>V
M4`&F'B($,;2`DPFA!3=T$9E^0`D^X(*`*0KK#V%8R`ZM$`.EM&2045A4(!M@
M0!<@8@@V_&%F)IU/N/#`!AR$#JP:((`2=""$!2Q`"`UN\`+6@0MN7(&,9W`%
M'+YZ@/5BP0(,L,)2`!2'%VA`04S1`>&FH04D`+-%1("-5AD``P#L!R,3&$$+
MEO%@"/NXP3J`!R$LT++W=0MS2!#$"(P080G[^`2?T`4:!N*%W^+IJNX12"!,
MX8D(]@,V;F`=UQK0`;J>@HIK:(4A&/QC'R\`_P>F2`!(`RP0"M%!$*(=2"XS
M)A`8M*`%!#`<`4R!"Z`!31<B&RU&0)L$9W0%%BZX1\[4.X!L"60"WD!!>#!R
MR1H(X&F"\,8Q&-%<^+2C00W9J@*:^T\+[2``R9A<+PQ-:P*H+06LOA-&RI&!
M#`#M<(>C=2L$\8(\#.0`#!!`!)T4II10@\M*Z8M`I-"%9+BB!TD8!CC*>I4]
MJ2(!&0!T*V8M;`+T@(%NH[,._0&&!*P4AWSN1ST$`0(9<,#>]Y:!ON_-@4YT
MP#X6HD4`,J#'A$`A`D-8#3:&``HI7"@7#$?70H`0C35$P!2W.&H)6A8*LD!$
M!&Q8M5,P0@%H#&$`'/](N;Y7GO(_0.(8I;CGD0?B3&C@V]XK7[G+/;L!-JPA
M6@TA`[2=@H0NC$`7]]!%$JSP+&G/8@09J'>^<Z[O/W!@#:U2=U`P.5(Z^B/2
M?/:'`GI0`HK,)"JJB,$M#"R0&;1@!#8&0PH$L6E_J(,-,9A34/WQ@0-L80^F
MD$0.8+>FAH!<Y`L!D"U,3HZ/P,\?QB#``"AR24>P@0.P>XC0/?&WANR`'G&(
M0`]PT0GI>206]5AK1=0-GZ@@(`5!$+%+<RB0.^:@18GB-)ZV90]<),">QS"%
M%@;R!`:<`2-3$``K'L$0*B&H'Y100@MZL`'W.>3PK,Z(+^27@A;,MR';8LC_
MXXUPQ0LG,O<*F4$/4G!AS0_],PI!=0<*(`97/,'2_H"'*9BQ^E<*R;,!!!MJ
M0`#Q<&&EA1$E0`#U8"^Z]RJS95Y7\@'0D`QCM`2;8`KT<"&,0``I(#V4D`$W
MD"EHPA$$$B#'0`@*(`X2@7V)<@HRQ@1LL%_6)S9C<EU=<04J(`@9*">%=R.N
M0@$!T`*1X7Z<AR4"428=P24"H08M$`"WU$PAIQ1ZUQ`D82&P1"2_$Q4)@05-
MA0ZSES$>(041@`+@\"8)T5($P2(),5@$4`#^T`1]``T.%Q5'$`&"H!878`H"
MH$:]D2K!E!^^D!#9D`$JX'4?%W+9QT0S(`C3@`A@_R4?31$5KG=D%`(+QY!L
M,_,4O^.'$T(3Q!`#;&`!V1(M!B$0(O!^<](@7^8/P)`$IF`$4/4#H"`(S3%;
M"3&%_A`65K@<U\`I#)&'(X``<<``P+$DI*`.IG`#<^`0%&`'$71F"K$!Z^4/
MR\`*,4`,`_$+?_`"1E0&O9`S<H(2`+`(_L1,`F$"@I`"+Z95;``#B;@0/B`#
M_?.$"Y$+E-)2^&0AN[`'!)`%&J40/G`-13`A%!("8H`"BN$0`]AEIP(&BF`,
MB3)M"`=$`O$+./`";Y`+`C80E/`(V)B+MN(/WL$*LG1)"^$&*=`*6;`"#."&
M5[$A2[`&;'`##F"(JJ`##O\0`:Y0BPLA!"`8`OI``'&12%9@/TT0`'T`1*BB
M900P#2*@=S_@!*PP#+%0>`PA`JR`>`]!`:3$!X'@:`(!!)>``QDP!(1!(:_7
M`EYC(_X`#LF``C$0`IGG#PB``67`"E_0,!GB#U:`:%O@!<OD#\YP!W!0#9+`
M7HQ2!'[0`N@`!@M!"RY@"GC0=`GA!LNA`AL@<;-@`Q"P!SWP5+EH%:\``X=0
M=B5(+/YP#JU0EJU0=N$H$%"0#I+P`BH``C'``=ZP!_>0`1KP`60T$$#`!:Z@
M`BT@AVNQ+7P#@I(7;5)"ES'P`BU``X90``6``QP`"JP0#T!DE0N!`8>P"386
M$4+_<!D]$`$PL`(L,`)#0$)R,"M6X1@$4%Z'-1"9H`+KDP(L``]X$`&M\`+U
M0`VS<(:'!0MJ``JW,`0&4`86``(JH`M]8`Z2&4$6,@45@&C>H`7460$6\`9L
M(`8%MQ%100MPT`RTN0GP(`,I4`T'J@0.EXLL`@1,4`=/A1X+X2BEH`5#D`%K
MP!6KP!^O@1&D<`+I$`$9D`QC,`0),`Z*L)$*402I%P&RU6U4<@H;4`TMP`=*
MN2.PL007``)JI35_%@"&T`8W!!$S4`<ND$4/@1%+0`+76:09,`V>@`Z$,451
MP0OSP`?(@#+%0@GJD``Y"D4!``<'T%Q]F%P[,PF`F@QE_PD#Z%`)&)`(6@`[
MJ2(+&,`"0[!*?]8"C0`'&KDGOD`AJN`!&C!PC#H$(%``E:`0KI$@0```^8`?
M3B%4;5`##6,H5V$KZ>$&:6`$-6`&,1<=:*@0O+`+X-,76E@C%(`,('4E=OI*
M'[`(=(`)TK`+2:5#0-<05```8("+#D$%"/`#E\`JRZ8Q;[,*8%`+Q``?]B46
MT?(*5U`$VK`#6'`F'/$>MS@0KP`,1;``9O`.`P$`D5!7Z>$#4C`#/$`'@-`$
MSS`GAG&21V`$_NJ896H4VG&Q&)NQN:BQ'-NQP6&Q'ANR(ML:(UNR)NL3('NR
M*KNR%I&R+/NR,`L6,3NS-#L0+C1;LSA;LO^PLSS;LS[[LT`;M$([M$1;M$9[
=M$B;M$J[M$S;M$[[M%`;M5([M51;M59;M`$!`#L_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
