MONTREAL,Nov. 21 2000 --BCE Inc. today announced that 7,231,437 of its
Series Q Preferred Shares have been surrendered for conversion, on a one-for-
one basis, into Series R Preferred Shares. As this would result in there being
less than one million Series Q Preferred Shares outstanding, all remaining
Series Q Preferred Shares not surrendered for conversion will, as per the
terms and conditions attaching to such shares, be automatically converted into
Series R Preferred Shares on December 1, 2000. The Series R Preferred Shares
will be listed on The Toronto Stock Exchange under the symbol BCE.PR.R. and
will start trading on a when issued basis at the opening of the market on
November 23, 2000. The annual dividend rate applicable to the Series R
Preferred Shares for the period of five years beginning on December 1, 2000
will be 6.174%.
    BCE is Canada's largest communications company. Through its operations in
communications services, BCE provides residence and business customers in
Canada with wireline and wireless communications products and applications,
Internet access and high-speed data services, direct-to-home television
services and electronic commerce solutions. BCE has an extensive international
presence through Teleglobe, a leading provider of global broadband and
Internet services. BCE shares are listed in Canada, the United States and
Europe.



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For further information: Jean-Charles Robillard, Communications,
(514) 786-3908, Web site: www.bce.ca