Press Release

WOONSOCKET, R.I.--(BUSINESS WIRE)--Feb. 1, 2001--CVS Corporation (NYSE: CVS) will hold a conference call on Tuesday, February 6, 2001 at 10:30 a.m. (EST) to discuss its fourth quarter and full year financial results as well as its preliminary earnings guidance for 2001.

The call will be simulcast on the Company's web site for all interested parties. To access the webcast, visit the Company's web site at http://www.CVS.com, on the "Investor Relations" page, to hear the call live or to listen to an archive of the call, which will be available for a one-week period following the call.

CVS is America's #1 pharmacy dispensing more retail prescriptions in more stores than any other chain. With annual revenues of more than $20 billion, CVS has created innovative approaches to serve the healthcare needs of all of its customers through its more than 4,100 CVS/pharmacy stores; CVS ProCare, its specialty pharmacy business; CVS.com, its online pharmacy; and PharmaCare, its pharmacy benefit management company. General information about CVS is also available through the Investor Relations portion of the Company's web site, at http://www.CVS.com.