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|  **REGISTRATION          STATEMENT PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934** **OR****X** **ANNUAL          REPORT PURSUANT TO SECTION 13(a) OR 15(d) OF THE SECURITIES EXCHANGE          ACT OF 1934******
For          the fiscal year ended:
 **December        31, 2004** Commission        File Number:  **1-8481**
**BCE Inc.***(Exact name of Registrant as specified in its charter)*

**Canada***(Jurisdiction of incorporation or organization)*

**4813***(Primary Standard Industrial Classification Code Number (if applicable))*

**98-0134477***(I.R.S. Employer Identification Number (if applicable))*

**1000 rue de La Gauchetière    Ouest, Bureau 3700, Montreal, Quebec, Canada H3B 4Y7, (514) 397-7000***(Address and telephone number of Registrant’s principal executive    offices)*

**CT Corporation System,    111 Eighth Avenue, 13th Floor, New York, N.Y. 10011, (212) 894-8940***(Name, address (including zip code) and telephone number (including    area code)    of agents for service in the United States)*

Securities registered    pursuant to Section 12(b) of the Act:
Title          of each class**Common shares**Name          of each exchange on which registered**New York Stock Exchange**
Securities registered    pursuant to Section 12(g) of the Act:    **None**

Securities for which there    is a reporting obligation pursuant to Section 15(d) of the Act:    **None**

For annual    reports, indicate by check mark the information filed with this Form
**X**Annual        information form**X**Audited          annual financial statements
Indicate    the number of outstanding shares of each of the issuer’s classes of capital    or common stock as of the close of the period covered by the annual report.
**At          December 31, 2004, 925,935,682 common shares and          66,000,000 First Preferred Shares were issued and oustanding.**
 Indicate    by check mark whether the Registrant by filing 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 (the “Exchange    Act”). If “Yes” is marked, indicate the file number assigned    to the Registrant in connection with such Rule.
YES:
NO:
**X** 
Indicate    by check mark whether the Registrant (1) has filed all reports required to    be filed by Section 13 or 15(d) of the Exchange Act during the preceding 12    months (or for such shorter period that the Registrant was required to file    such reports) and (2) has been subject to such filing requirements for the    past 90 days:
YES:**X**NO: 
 

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**PRIOR  FILINGS MODIFIED AND SUPERSEDED**

     BCE  Inc.’s annual report on Form 40-F for the year ended December 31, 2004,  at the time of filing with the U.S. Securities and Exchange Commission (the  “SEC” or “Commission”), modifies and supersedes all prior  documents filed pursuant to Sections 13, 14 and 15(d) of the Exchange Act for  purposes of any offers or sales of any securities after the date of such filing  pursuant to any registration statement or prospectus filed pursuant to the Securities  Act of 1933 which incorporates by reference such annual report on Form 40-F.  Other than BCE Inc.’s Annual Information Form for the year ended December  31, 2004 (the “AIF”) included herein, and BCE Inc.’s annual audited  consolidated financial statements for the year ended December 31, 2004 and related  management’s discussion and analysis of financial condition and results  of operations, incorporated by reference herein, no other information from the  Exhibits attached hereto is to be incorporated by reference in a registration  statement or prospectus filed pursuant to the Securities Act of 1933.

**ANNUAL  AUDITED CONSOLIDATED FINANCIAL STATEMENTS AND****MANAGEMENT’S  DISCUSSION AND ANALYSIS**

**A.**     **Annual  Audited Consolidated Financial Statements**

     For  BCE Inc.’s annual audited consolidated financial statements for the year  ended December 31, 2004 (the “Financial Statements”), including the  auditor’s report with respect thereto, see pages 82 to 121 and part of  page 82, respectively, of the BCE Inc. 2004 Annual Report to shareholders attached  hereto as Exhibit 99.1, which pages are incorporated herein by reference. See  Note 27 of the Notes to the Financial Statements on pages 118 to 121 of the  BCE Inc. 2004 Annual Report to shareholders, reconciling the significant differences  between Canadian and United States generally accepted accounting principles.

     The  above referenced auditor’s report is expressed in accordance with standards  of reporting generally accepted in Canada which do not require a reference to  changes in accounting principles in the auditor’s report when the changes  are properly accounted for and adequately disclosed in the financial statements.  In the United States, reporting standards for auditors require the addition  of an explanatory paragraph (following the opinion paragraph) when there are  changes in accounting principles that have a material effect on the comparability  of the financial statements, such as the changes described in Note 1 to the  Financial Statements, or when there is a retroactive restatement such as described  in Note 1 to the Financial Statements.

**B.**     **Management’s  Discussion and Analysis**

     For  management’s discussion and analysis of financial condition and results  of operations, see pages 32 to 81 of the BCE Inc. 2004 Annual Report to shareholders  attached hereto as Exhibit 99.1, which pages are incorporated herein by reference.

**EVALUATION  OF DISCLOSURE CONTROLS AND PROCEDURES**

     As  of the end of the period covered by this annual report on Form 40-F, an evaluation  was carried out by BCE Inc.’s management, under the supervision, and with  the participation, of BCE Inc.’s President and Chief Executive Officer  (the “CEO”) and Chief Financial Officer (the “CFO”), of  the effectiveness of BCE Inc.’s disclosure controls and procedures (as  defined in Exchange Act Rules 13a-15(e) and 15d-15(e)). Based on that evaluation,  the CEO and CFO concluded that such disclosure controls and procedures were  adequate and effective and designed to ensure that material information relating  to BCE Inc. and its consolidated subsidiaries would be made known to them by  others within those entities.

 

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**CHANGES  IN INTERNAL CONTROL OVER FINANCIAL REPORTING**

     During  the year ended December 31, 2004, there were no changes in BCE Inc.’s internal  control over financial reporting that have materially affected, or are reasonably  likely to materially affect, BCE Inc.’s internal control over financial  reporting.

**AUDIT  COMMITTEE FINANCIAL EXPERT**
     BCE  Inc.'s board of directors has determined that the Chairman of the audit committee,  Mr. T.C. O'Neill, qualifies as an "audit committee financial expert" and that  Mr. T.C. O'Neill is independent under the listing standards of the New York  Stock Exchange. 
**CODE OF  ETHICS**

     All  of BCE Inc.’s employees, directors and officers must follow BCE Inc.’s  Code of Business Conduct (the “Bell Canada Enterprises Code”), which  provides guidelines for ethical behaviour. The Bell Canada Enterprises Code  includes additional guidelines for BCE Inc.’s President and Chief Executive  Officer, Chief Financial Officer, Controller and Treasurer. The Bell Canada  Enterprises Code is available in the Governance section of BCE Inc.’s website  at www.bce.ca.

**PRINCIPAL  ACCOUNTANT FEES AND SERVICES**

**Auditor’s  fees**

     The  table below shows the fees that Deloitte & Touche LLP (“Deloitte &  Touche”), BCE Inc.’s external auditor, billed to BCE Inc. and its  subsidiaries for various services for each year in the past two fiscal years.
 **2004** **20031** **(Can.      $ millions)**  Audit fees      **11.4** 13.3 Audit-related      fees **3.1**         2.2 Tax fees      **1.9** 2.6 Other fees– 1.1 **Total****16.4** 19.2 
1   Figures  for 2003 have been restated to eliminate the fees paid by CGI Group Inc. in  the calculation of our aggregate fees paid and reclassify translation services  from Other fees to Audit fees so they can be compared to 2004 fees.

*Audit  fees*

     These  fees include professional services provided by the external auditor for the  review of the interim financial statements, statutory audits of the annual financial  statements, the review of prospectuses, consulting on financial accounting and  reporting standards, other regulatory audits and filings and translation services.  

*Audit-related  fees*

     These  fees relate to non-statutory audits, *Sarbanes-Oxley Act of 2002*initiatives,  pension plan audits and consulting on prospective financial accounting and reporting  standards.

*Tax fees*

     These  fees include professional services for administering our compliance with our  conflict of interest policy, tax compliance, tax advice, tax planning and advisory  services relating to the preparation of corporate tax, capital tax and commodity  tax returns.

     Since  November 2004, we generally do not engage the external auditor to perform tax  planning and consulting services.

 

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*Other  fees*     These  fees include professional services provided for the redesign of product introduction  and new applications for account management, inventory programming, promotion  and research processes. This work started in 2002 and was completed in early  2003.

     In  2004, Deloitte & Touche has not been engaged to design any information system  or provide implementation services (IS/IT) or other consulting services to BCE  Inc. or its subsidiaries.

**Auditor  independence policy**

     BCE  Inc.’s auditor independence policy is a comprehensive policy governing  all aspects of BCE Inc.’s relationship with the external auditor, including:
 •      establishing        a process for determining whether various audit and other services provided        by the external auditor affect its independence; • identifying        the services that the external auditor may and may not provide to BCE        Inc. and its subsidiaries; • pre-approving        all services to be provided by the external auditor of BCE Inc. and its        subsidiaries; and •      establishing        a process outlining procedures (as part of a separate policy) when hiring        current or former personnel of the external auditor in a financial oversight        role to ensure auditor independence is maintained.    In      particular, the policy specifies that:    •      the        external auditor cannot be hired to provide any services falling within        the prohibited services category, such as bookkeeping, financial information        system design and implementation and legal services; •        for all audit or non-audit services falling within the permitted services        category (such as prospectus work, due diligence and non-statutory audits),        a request for approval must be submitted to the audit committee by the        Chief Financial Officer prior to engaging the auditors; •      specific        permitted services however are pre-approved quarterly by the audit committee        and consequently only require approval by the Chief Financial Officer        prior to engaging the external auditor; and •      at        each regularly scheduled audit committee meeting, a consolidated summary        of all fees paid to the external auditor by service type is presented.        This summary includes a breakout of fees incurred within the pre-approved        amounts.
     In  2004, BCE Inc.’s audit committee did not approve any audit-related, tax  or other services pursuant to paragraph (c) (7) (i) (C) of Rule 2-01 of Regulation  S-X.

**OFF-BALANCE  SHEET ARRANGEMENTS**

     Please  see the section entitled “Off-Balance Sheet Arrangements” of BCE Inc.’s  management’s discussion and analysis of financial condition and results  of operations (which is incorporated by reference in BCE Inc.’s AIF) and  Notes 11 and 25, entitled “Accounts receivable” and “Guarantees”,  respectively, of the Financial Statements, all contained in BCE Inc.’s  2004 Annual Report to shareholders attached hereto as Exhibit 99.1, for a discussion  of offbalance sheet arrangements.

**TABULAR  DISCLOSURE OF CONTRACTUAL OBLIGATIONS**

     Please  see the section entitled “Contractual Obligations” of BCE Inc.’s  management’s discussion and analysis of financial condition and results  of operations (which is incorporated by reference in BCE Inc.’s AIF), contained  in BCE Inc.’s 2004 Annual Report to shareholders attached hereto as Exhibit  99.1, for a tabular disclosure and discussion of contractual obligations.

**IDENTIFICATION  OF THE AUDIT COMMITTEE**

     BCE    Inc. has a separately designated standing audit committee established in accordance    with section 3(a)(58) (A) of the Exchange Act. BCE Inc.'s audit committee    is comprised of five independent members: Mr. T.C. O'Neill (Chair), Mr. A.    Bérard, Mrs. J. Maxwell, Mr. R.C. Pozen and Mr. V.L. Young. 

 

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**UNDERTAKING**

     BCE  Inc. undertakes to make available, in person or by telephone, representatives  to respond to inquiries made by the Commission staff, and to furnish promptly,  when requested to do so by the Commission staff, information relating to: the  securities in relation to which the obligation to file this annual report on  Form 40-F arises; or transactions in said securities.

**WEB SITE  INFORMATION**

     Notwithstanding  any reference to BCE Inc.’s website on the World Wide Web in the AIF or  in the documents attached as Exhibits hereto, the information contained in BCE  Inc.’s website or any other site on the World Wide Web referred to in BCE  Inc.’s website is not a part of this Form 40-F and, therefore, is not filed  with the Commission.

**STATEMENT  REGARDING FORWARD-LOOKING STATEMENTS**

     BCE  Inc. has made in the documents filed as part of this annual report on Form 40-F,  and from time to time may otherwise make, forward-looking statements and related  assumptions concerning its operations, economic performance and financial matters.  BCE Inc. is under no duty to update any of these forward-looking statements  or related assumptions. Actual results or events could differ materially from  those set forth in, or implied by, the forward-looking statements and the related  assumptions due to a variety of factors. Reference is made to the section entitled  “About forward-looking statements” on page 3 of the AIF and to the  section entitled “Risks That Could Affect Our Business” on pages 32  to 41 of the AIF for a discussion of certain of such factors. Reference is also  made to the various risk factors discussed throughout BCE Inc.’s management’s  discussion and analysis of financial condition and results of operations (which  is incorporated by reference in BCE Inc.’s AIF), contained in BCE Inc.’s  2004 Annual Report to shareholders attached hereto as Exhibit 99.1.

 

 

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