A lead with a proximal electrode and a telescoping distal electrode enables dual-site electrical pacing or stimulation of a heart or another organ. The lead includes an outer tube with a proximal electrode and an inner tube connected to a distal electrode. The inner tube is concentric and slides inside the outer tube. This design enables the proximal electrode to be placed at a desired location by threading the lead along a guide wire, and then extending the distal electrode a variable distance beyond the proximal electrode.