Fatima Blush? Barbara Carrera is part American, and was also on Dallas.
Isn’t she Nicaraguan?
Though, she doesn’t have many lines in ther first 20 minutes. Or any if I remember correctly.
Yeah, but other than that, my guess was GREAT. 
It’s not Barbara Carrera. It’s an EON production. Albert R. Broccoli produced. Harry Saltzman was long since gone.
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Here’s what I think we know:
The quote is “I’m very [sorry],” with “sorry” being mumbled or hard to hear.
It’s spoken by an American actress who starred in a TV show that was on in the '70s but not just the '70s, and the actress (inferentially) was not on it in the '70s.
The speaker has a number of lines during the first 20 minutes of the film. Inferentially, she is either gone or sparsely present after the first 20 minutes.
The line is spoken during a group scene.
The film was produced solo by Cubby Broccoli, meaning it’s TSWLM, FYEO, OCT, AVTAK, TLD, LTK, or GE. (MR has been ruled out.)
The actress is not Barbara Bach or Tanya Roberts.
Have I missed anything?
He said that Harry Saltzman was “long gone” by this time, so I’d rule out TSWLM.
Also, didn’t Cubby turn over the reigns by the time GE started?
Good points on both. So FYEO, OCT, AVTAK, TLD, or LTK. Oh, and Priscilla Barnes was also ruled out, I forgot that one.
Could it be Lynn-Holly Johnson? She’s American, she was on an episode of CHiPS in the 80s, and I believe she has lines in the first 20 minutes.
It’s not Lynn-Holly Johnson. LHJ appears throughout the film.
It’s an EON-produced 1980’s Bond film. So no TSWLM or GE (which ARB did not produce).
MajorB made one other striking blunder in an otherwise outstanding precis.
One other contributor came oh-so-close…
How about Priscilla Barnes as Della Not-Yet-Leiter apologizing to the wedding guests for Felix being in absentia?
And btw, was that 70s show Three’s Company?
She actually does say “I’m terribly sorry” when bumping into some wedding guests, but it isn’t on the phone…
Totally forgot it was a phone conversation. (I think we got that clue back in 2009, didn’t we?) Hmmm.
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Maybe the ticket counter girl in the airport in Licence to Kill? I’m reaching at this point…
WTF??? NO, NO, NO! Nobody said it was on the phone. The phone clue was for the “This is James Bond” from last November. That’s 78 posts ago!
Actually she says “I’m terribly sorry” (and not “I’m very sorry”) when she barges into people leaving the room. NOT when she nearly knocks over her own wedding cake.
You were so close…
YES! YES! YES! 
(After four months and three days!)
Your turn, MajorB…
How about a “WTF??? NO, NO, NO!” of your own - the only words she says are “I’m very…” because she then looks up at the helicopter. The subtitles confirm it.
If you had given that as the line we might have guessed it months ago.
And I remember reading all of that. My problem with it is those quoted posts all still assume a third word is said, just that it’s hard to hear, but to my ears, and by confirmation of the subtitles, there wasn’t a third word said at all. That caused me to think it wasn’t the right scene and move on…
Anyway, it’s not worth quibbling about. It’s all fun and games.
Congrats to MajorB!
I don’t think the subtitles are proof of anything - we all know what they can be like. I haven’t rewatched the scene, but I’m more than willing to credit Glidrose’s ears.
Anyway, now that I’m recovered from my exhausted faint, here’s one that I hope will be challenging but that can be answered within our natural life spans:
“But of course.”