MONTREAL, Oct. 27 -- Bell Canada today announced the issue of
$300 million of MTN Debentures pursuant to its medium term debenture program.
The Floating Rate Debentures, Series M-9, will be dated October 30, 2000, will
mature October 30, 2002 and will be issued at par. The holder shall have the
right to extend for additional one year periods the maturity of such Floating
Rate Debentures, Series M-9, up to a final maturity date of October 30, 2005.
A pricing supplement relating to this issue will be filed by Bell Canada with
the various securities commissions in all provinces of Canada. TD Securities
Inc. will be acting as sole agent with respect to these Floating Rate
Debentures, Series M-9.
    Bell Canada offers a full range of communications services, including
local and long-distance conventional and wireless telephone services, Internet
access services, high-speed data transmission, and directory services. Bell
Canada, its telecom partners and subsidiaries have 13.6 million access lines,
with 11 million in Quebec and Ontario. Through Bell Mobility, Bell Canada
serves over 2.7 million wireless services customers. Bell Canada is 80% owned
by BCE Inc., of Montréal, and 20% owned by SBC Communications Inc., of San
Antonio, Texas. Bell Canada's Web site can be found at www.bell.ca.
The Web
site's Newsroom includes various media releases and other documentation. Bell
Canada's e-mail address is forum@bell.ca.



-30-


For further information: Jean-Charles Robillard, Corporate
Communications, (514) 786-3908