Press Release

WOONSOCKET, R.I.--(BUSINESS WIRE)--July 26, 2001--CVS Corporation (NYSE: CVS) will hold a conference call on Tuesday, July 31, 2001 at 10:30 a.m. (EDT) to discuss its second quarter financial results.

The call will be simulcast on the Company's web site for all interested parties. You may visit the Company's web site at http://www.CVS.com to hear the call live, or to listen to an archive of the call, as well as to access general information about CVS, including corporate background and press releases.

As of June 30, 2001, CVS operated 4,130 retail and specialty pharmacy stores in 31 states and the District of Columbia. CVS is America's #1 pharmacy dispensing more retail prescriptions in more stores than any other retailer. With annual revenues exceeding $20 billion, CVS has created innovative approaches to serve the healthcare needs of all of our 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 available through the Investor Relations portion of the Company's website, at http://www.CVS.com.