Canadian National's Paul M. Tellier to Hold Media Teleconference Call at 4.45 p.m. ET April 23 to Discuss CN's First-Quarter 2001 Financial Results.

Business Editors

MONTREAL--(BUSINESS WIRE)--April 20, 2001

CN (NYSE:CNI)(TSE:CNR.)

CN's New York Analysts' Presentation Scheduled For 8.30

a.m. ET April 24

Canadian National President and Chief Executive Officer Paul M. Tellier will hold a media teleconference call on Monday, April 23, 2001, at 4.45 p.m. ET to discuss CN's first-quarter 2001 financial results, which will be issued at the close of markets at 4 p.m. ET on April 23.

The results will be available shortly after 4 p.m. on the CCN Newswire web site - www.cdn-news.com.

Mr. Tellier will have some brief opening remarks and then invite reporters' questions.

Reporters in Canada and the United States are asked to telephone 1-888-209-3770 by 4.40 p.m. Please identify yourself by name and news organization.

A tape of the media conference will be available after 6.45 p.m. ET. at 1-800-558-5253, reservation number 17422038.

Journalists are also invited to listen by telephone to CN's first-quarter analysts' presentation in New York on April 24 starting at 8.30 a.m. ET. The dial-in number for this listen-only session will be 1-800-810-0924. Please call between 8.15 and 8.30 a.m. and identify yourself by name and news organization.

In addition, a live Internet broadcast of the presentation, as well as a copy of the text presentation, will be on CN's web site, www.cn.ca, starting at 8.30 a.m. ET April 24. To access the text, click on "Investors" and "Analyst Presentations." Following the broadcast, an Internet replay will be available.

For telephone users, a tape of the analysts' presentation will be available at 1-888-203-1112 (reference number 617321) between 10.30 a.m. ET April 24 and midnight April 26.

Canadian National Railway Company spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the key cities of Toronto, Buffalo, Chicago, Detroit, Memphis, St. Louis, Jackson, Miss., with connections to all points in North America.