No, it wouldn't hyperlink, but IIRC, neither do footnotes & endnotes when converted to eBook formats. However, I posted a macro that has the visual effect of turning footnote & endnote references into hyperlinks, at:
http://answers.microsoft.com/en-us/o...5-a1b83dae893b. The code actually supplements the footnote & endnote references (which get hidden) with hyperlinks. You could adapt that code to input some other form of reference (bullet/page #) and have the links survive the eBook conversion.