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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>As
      filed with the Securities and Exchange Commission on March 21,
      2007</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Registration
      No. 333-<font id="TAB2" style="LETTER-SPACING: 9pt">&#160;&#160;&#160;</font>&#160;</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right">
      <div>
        <hr align="center" noshade size="3" width="100%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman, serif"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 18pt; FONT-FAMILY: Times New Roman, serif"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Washington,
      D.C. 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div>
        <hr align="center" noshade size="1" width="15%">
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman, serif"><strong>FORM
      S-8</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>REGISTRATION
      STATEMENT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNDER
      THE SECURITIES ACT OF 1933</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 16pt; FONT-FAMILY: Times New Roman, serif"><strong>CVS
      CORPORATION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 7pt; FONT-FAMILY: Times New Roman, serif"><strong>(Exact
      Name of Registrant as specified in its charter)</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td valign="top" width="23%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Delaware</strong></font></div>
            </td>
            <td align="left" valign="top" width="30%">&#160;</td>
            <td valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>05-0494040</strong></font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="23%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(State
                or other jurisdiction of </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">incorporation
                or organization)</font></div>
            </td>
            <td align="left" valign="top" width="30%">&#160;</td>
            <td valign="top" width="25%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(I.R.S.
                Employer </font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Identification
                No.)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="23%">&#160;</td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>One
                CVS Drive</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Woonsocket,
                RI 02895</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(401)
                765-1500</strong></font></div>
            </td>
            <td align="left" valign="top" width="25%">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" valign="top" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Address
                including Zip Code, and Telephone Number, Including Area Code, of
                Registrant&#8217;s Principal Executive Offices)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="23%" style="border-bottom: medium none;">&#160;</td>
            <td align="left" valign="top" width="30%" style="border-bottom: medium none;">&#160;

              <hr align="center" noshade size="1" width="30%">
            </td>
            <td align="left" valign="top" width="25%" style="border-bottom: medium none;">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" valign="middle" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CVS
                Corporation 1997 Incentive Compensation Plan, As Amended and
                Restated</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Caremark
                Rx, Inc. 2004 Incentive Stock Plan</strong></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="23%" style="border-bottom: medium none;">&#160;</td>
            <td valign="middle" width="30%" style="border-bottom: medium none;">
              <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 36pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Full
                title of the plans)</font></div>
            </td>
            <td align="left" valign="top" width="25%" style="border-bottom: medium none;">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="23%">&#160;</td>
            <td valign="top" width="30%">
              <div>&#160;</div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                <hr align="center" noshade size="1" width="30%">
              </div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font size="3">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>David
                B. Rickard</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Executive
                Vice President and Chief Financial Officer</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CVS
                Corporation</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>One
                CVS Drive</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Woonsocket,
                RI 02895</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>(401)
                765-1500</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                <hr align="center" noshade size="1" width="30%">
              </div>
            </td>
            <td align="left" valign="top" width="25%">&#160;</td>
          </tr>
          <tr>
            <td colspan="3" valign="middle" width="78%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Name,
                address and telephone number, including area code, of agent for
                service)</font></div>
            </td>
          </tr>
          <tr>
            <td valign="top" width="23%" style="border-bottom: medium none;">&#160;</td>
            <td valign="top" width="30%" style="border-bottom: medium none;">&#160;

              <hr align="center" noshade size="1" width="30%">
            </td>
            <td valign="top" width="25%" style="border-bottom: medium none;">&#160;</td>
          </tr>
          <tr>
            <td valign="top" width="23%">&#160;</td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><em>Copy
                to:</em></strong></font></div>
            </td>
            <td valign="top" width="25%">&#160;</td>
          </tr>
          <tr>
            <td valign="top" width="23%">&#160;</td>
            <td valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Edmond
                T. FitzGerald, Esq.</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Davis
                Polk &amp; Wardwell</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>450
                Lexington Avenue</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>New
                York, New York 10017</strong></font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>212-450-4000</strong></font></div>
            </td>
            <td valign="top" width="25%">&#160;</td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial"><strong>CALCULATION
        OF REGISTRATION FEE </strong></font>
        <div>
          <hr style="COLOR: black" align="left" noshade size="2" width="100%">
        </div>
        <div align="left">
          <table border="1" cellpadding="2" cellspacing="0" width="100%">

              <tr>
                <td valign="bottom" width="36%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>Title
                    of each class</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>of
                    Securities to be registered</strong></font></div>
                </td>
                <td valign="bottom" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>Amount
                    to be registered(1)</strong></font></div>
                </td>
                <td valign="bottom" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>Proposed</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>maximum
                    </strong></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>offering</strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>price
                    per </strong></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>share
                    </strong></font></div>
                </td>
                <td valign="bottom" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>Proposed
                    maximum </strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>aggregate
                    offering&#160;price</strong></font></div>
                </td>
                <td valign="bottom" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>Amount
                    of </strong></font></div>
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial"><strong>registration
                    fee</strong></font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="36%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">Common
                    Stock,
                    par value $.01 per share</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">100,299,098</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">&#160;</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 15pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    32.14(2)</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    3,223,111,498</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    98,949.52</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Arial">&#160;</font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="36%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">Common
                    Stock,
                    par value $.01 per share</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">10,000,000</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 15pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    16.31(3)</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    163,139,683
                    </font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black thin solid;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    5,008.39
                    </font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="36%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">Common
                    Stock,
                    par value $.01 per share</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">34,000,000</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 15pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    20.65(4)</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    702,207,911
                    </font></div>
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                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    21,557.78
                    </font></div>
                </td>
              </tr>
              <tr>
                <td align="left" valign="top" width="36%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">TOTALS:</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">144,299,098</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div>&#160;</div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font id="TAB1" style="MARGIN-LEFT: 10pt"></font><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    4,088,459,092</font></div>
                </td>
                <td align="left" valign="top" width="16%" style="border-bottom: black double;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Arial">$
                    125,515.69</font></div>
                </td>
              </tr>

          </table>
        </div><br>
        <div align="left">
          <table bgcolor="white" cellpadding="0" cellspacing="0" width="100%">

              <tr bgcolor="white">
                <td valign="top" width="4%"><font style="FONT-FAMILY: Arial" size="2">(1)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 31pt">&#160;</font></td>
                <td width="96%"><font style="FONT-FAMILY: Arial" size="2">Plus
                  (i) an
                  indeterminate number of additional shares which may be offered
                  and issued
                  to prevent dilution resulting from stock splits, stock dividends
                  or
                  similar transactions and (ii) any additional preferred share purchase
                  right granted under any rights plan relating to the shares
                  above.</font></td>
              </tr>
              <tr bgcolor="white">
                <td width="4%">&#160;</td>
                <td width="96%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td valign="top" width="4%"><font style="FONT-FAMILY: Arial" size="2">(2)</font></td>
                <td width="96%"><font style="FONT-FAMILY: Arial" size="2">These
                  shares
                  represent the remaining pool of shares available for grant under
                  the CVS
                  Corporation 1997 Incentive Compensation Plan and the Caremark Rx,
                  Inc.
                  2004 Incentive Stock Plan (which will be assumed by the Registrant
                  as a
                  result of a merger transaction), appropriately adjusted to reflect
                  the
                  terms of the merger transaction. The fee for these shares is estimated
                  pursuant to Rules 457(h) and 457(c) under the Securities Act of
                  1933, as
                  amended (the &#8220;1933 Act&#8221;), solely for the purpose of computing the
                  registration fee, based on the average of the high and low prices
                  of the
                  securities being registered hereby on the New York Stock Exchange
                  LLC on
                  March 14, 2007.</font></td>
              </tr>
              <tr bgcolor="white">
                <td width="4%">&#160;</td>
                <td width="96%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td valign="top" width="4%"><font style="FONT-FAMILY: Arial" size="2">(3)</font></td>
                <td width="96%"><font style="FONT-FAMILY: Arial" size="2">These
                  shares are
                  subject to outstanding options under a plan of Caremark Rx, Inc.,
                  which
                  options will be assumed by the Registrant in connection with the
                  CVS
                  Corporation/Caremark Rx, Inc. merger transaction, appropriately
                  adjusted
                  to reflect the terms of the merger transaction. The fee is calculated
                  based on option exercise price in accordance with Rule 457(h) of
                  the 1933
                  Act.</font></td>
              </tr>
              <tr bgcolor="white">
                <td width="4%">&#160;</td>
                <td width="96%">&#160;</td>
              </tr>
              <tr bgcolor="white">
                <td valign="top" width="4%">&#160;<font style="FONT-FAMILY: Arial" size="2">(4)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 31pt">&#160;</font></td>
                <td width="96%"><font style="FONT-FAMILY: Arial" size="2">These
                  shares are
                  subject to outstanding options granted under the CVS Corporation
                  1997
                  Incentive Compensation Plan . The fee is calculated based on option
                  exercise price in accordance with Rule 457(h) of the 1933
                  Act.</font></td>
              </tr>

          </table>
        </div>
        <div style="DISPLAY: block; MARGIN-LEFT: 20pt; TEXT-INDENT: -24pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      </div>
    </div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">
        </div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PART
        I</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INFORMATION
        REQUIRED IN THE SECTION 10(a) PROSPECTUS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        information specified in Item 1 and Item 2 of Part I of this Registration
        Statement on Form S-8 (the &#8220;Registration Statement&#8221;) is omitted from this filing
        in accordance with the provisions of Rule 428 under the 1933 Act and the
        introductory note to Part I of the Registration Statement. The documents
        containing the information specified in Part I will be delivered to the
        participants in the Plans covered by this Registration Statement as required
        by
        Rule 428(b)(1).</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>PART
        II</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>INFORMATION
        REQUIRED IN THE REGISTRATION STATEMENT</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        3. INCORPORATION OF DOCUMENTS BY REFERENCE</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        following documents filed with the Securities and Exchange Commission (the
        &#8220;Commission&#8221;) by CVS Corporation (the &#8220;Company&#8221; or the &#8220;Registrant&#8221;) pursuant to
        the 1933 Act and the Securities Exchange Act of 1934, as amended (the &#8220;1934
        Act&#8221;), are incorporated herein by reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Company&#8217;s Annual Report on Form 10-K </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">(Registration
        No</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">001-01011</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">)
        for the fiscal year ended on December 30, 2006. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
        reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act subsequent
        to
        the filing of the form referred to in (1) above. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        description of the Company&#8217;s capital stock which is contained in the Company&#8217;s
        Registration Statement on Form S-4, filed with the Commission on December
        19,
        2006 (Registration Statement 333-139470), including any amendments or
        supplements thereto.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">All
        documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
        14 and 15(d) of the 1934 Act, prior to the filing of a post-effective amendment
        which indicates that all securities offered have been sold or which deregisters
        all securities then remaining unsold, shall be deemed to be incorporated
        by
        reference herein and to be a part hereof from the date of filing of such
        documents.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Any
        statement contained in a document incorporated or deemed to be incorporated
        by
        reference herein shall be deemed to be modified or superseded for purposes
        of
        this Registration Statement to the extent that a statement contained herein,
        (or
        in any other subsequently filed document which also is incorporated or deemed
        to
        be incorporated by reference herein), modifies or supersedes such statement.
        Any
        such statement so modified or superseded shall not be deemed, except as so
        modified or superseded, to constitute a part of this Registration
        Statement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        4. DESCRIPTION OF SECURITIES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        5. INTEREST OF NAMED EXPERTS AND COUNSEL</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        6. INDEMNIFICATION OF DIRECTORS AND OFFICERS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
        145 of the General Corporation Law of the State of Delaware, or the DGCL,
        generally provides that all directors and officers (as well as other employees
        and individuals) may be indemnified against expenses (including attorneys&#8217;
fees), judgments, fines and amounts paid in settlement in connection with
        certain specified actions, suits or proceedings, whether civil, criminal,
        administrative or investigative (other than an action by or in the right
        of the
        corporation, or a derivative action), if they acted in good faith and in
        a
        manner they reasonably believed to be in or not opposed to the best interests
        of
        the corporation, and, with respect to any criminal action or proceeding,
        had no
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
          </div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">reasonable
        cause to believe their conduct was unlawful. A similar standard of care is
        applicable in the case of derivative actions, except that indemnification
        extends only to expenses (including attorneys&#8217; fees) incurred in connection with
        defense or settlement of an action, and the DGCL requires court approval
        before
        there can be any indemnification where the person seeking indemnification
        has
        been found liable to the corporation. CVS&#8217; Amended and Restated Certificate of
        Incorporation currently provides, and as amended upon completion of the merger
        will provide, that CVS will indemnify to the fullest extent permitted by
        the
        DGCL any director or officer who was or is a party or is threatened to be
        made a
        party to any threatened, pending or completed action, suit or
        proceeding.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
        145 of the DGCL also provides that the rights conferred thereby are not
        exclusive of any other right to which any person may be entitled under any
        bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
        and permits a corporation to advance expenses to or on behalf of a person
        entitled to be indemnified upon receipt of an undertaking to repay the amounts
        advanced if it is determined that the person is not entitled to be
        indemnified.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Section
        102(b)(7) of the DGCL permits a corporation to provide in its certificate
        of
        incorporation that a director of the corporation shall not be personally
        liable
        to the corporation or its stockholders for monetary damages for breach of
        fiduciary duty as a director, except for liability for any breach of the
        director&#8217;s duty of loyalty to the corporation or its stockholders, for acts or
        omissions not in good faith or which involve intentional misconduct or a
        knowing
        violation of law, for unlawful payments of dividends or unlawful stock
        repurchases, redemptions or other distributions, or for any transaction from
        which the director derived an improper personal benefit. The CVS charter
        provides, and as amended upon completion of the merger will provide, that
        no
        director will be liable to CVS or its stockholders for monetary damages for
        breach of fiduciary duty as a director to the fullest extent permitted by
        Delaware law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        directors and officers of CVS are insured under a policy of directors&#8217; and
        officers&#8217; liability insurance.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        7. EXEMPTION FROM REGISTRATION CLAIMED</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
        applicable.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        8. EXHIBITS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
        <div align="left">
          <table border="0" cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
                    and Restated Certificate of Incorporation of CVS Corporation
                    (incorporated
                    by reference to Exhibit 3.1 of CVS Corporation&#8217;s Annual Report on Form
                    10-K 405, dated March 31, 1997,&#160;for the fiscal year ended December
                    31, 1996 (Commission File No. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">001-01011</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">)).*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.2
                    </font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certificate
                    of Amendment to the Amended and Restated Certificate of Incorporation
                    of
                    CVS Corporation (incorporated by reference to Exhibit 4.1A of
                    CVS
                    Corporation&#8217;s Registration Statement on Form S-3/A dated May 18, 1998
                    (Commission File No. 333-52055)).*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.3
                    </font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bylaws
                    of CVS Corporation, as amended and restated (incorporated by
                    reference to
                    Exhibit 3.2 to the Company&#8217;s Current Report on Form 8-K
                    dated&#160;February 2, 2007 (Commission File No. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">001-01011</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)).*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                    of Davis Polk &amp; Wardwell.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of KPMG LLP.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.2</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of Davis Polk &amp; Wardwell (included in Exhibit 5).</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">24</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Powers
                    of attorney (included on the signature pages
                    hereof).</font></div>
                </td>
              </tr>

          </table>
        </div>
        <div>&#160;</div>
        <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
          <div id="FTR">
            <div id="GLFTR" style="WIDTH: 100%" align="left">
            </div>
          </div>
          <div id="PN" style="PAGE-BREAK-AFTER: always">
            <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">2</font></div>
            <div style="WIDTH: 100%; TEXT-ALIGN: center">
              <hr style="COLOR: black" noshade size="2">
            </div>
          </div>
          <div id="HDR">
            <div id="GLHDR" style="WIDTH: 100%" align="right">
            </div>
          </div>
        </div>
        <div>&#160;</div>
        <div>
          <table border="0" cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CVS
                    Corporation 1997&#160;Incentive Compensation Plan, As Amended and
                    Restated.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Caremark
                    Rx, Inc. 2004 Incentive
                    Stock&#160;Plan.</font></div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">____________________</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*
        Incorporated by reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>ITEM
        9. REQUIRED UNDERTAKINGS</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        undersigned Registrant hereby undertakes:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(1)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        file,
        during any period in which offers or sales are being made, a post-effective
        amendment to this Registration Statement: </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        include any prospectus required by Section 10(a)(3) of the 1933
        Act;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        reflect in the prospectus any facts or events arising after the effective
        date
        of this Registration Statement (or the most recent post-effective amendment
        thereof) which, individually or in the aggregate, represent a fundamental
        change
        in the information set forth in this Registration Statement;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(iii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        include any material information with respect to the plan of distribution
        not
        previously disclosed in this Registration Statement or any material change
        to
        such information in this Registration Statement;</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>provided</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>however</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        that
        paragraphs (1)(i) and (1)(ii) do not apply if the information required to
        be
        included in a post-effective amendment by those paragraphs is contained in
        periodic reports filed by the Registrant pursuant to Section 13 or 15(d)
        of the
        1934 Act that are incorporated by reference in this Registration
        Statement.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(2)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
        for
        the purpose of determining any liability under the 1933 Act each such
        post-effective amendment shall be deemed to be a new registration statement
        relating to the securities offered therein, and the offering of such securities
        at that time shall be deemed to be the initial </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>bona
        fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        offering
        thereof. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(3)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
        remove
        from registration by means of a post-effective amendment any of the securities
        being registered which remain unsold at the termination of the offering.
        </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(4)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">That,
        for
        the purpose of determining liability under the 1933 Act to any
        purchaser:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(i)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
        the
        Registrant is relying on Rule 430B:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(A)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
        prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed
        to
        be part of the registration statement as of the date the filed prospectus
        was
        deemed part of and included in the registration statement; and </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(B)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Each
        prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7)
        as
        part of a registration statement in reliance on Rule 430B relating to an
        offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose
        of
        providing the information required by section 10(a) of the 1933 Act shall
        be
        deemed to be part of and included in the registration statement as of the
        earlier of the date such form of prospectus is first used after effectiveness
        or
        the date of the first contract of sale of securities in the offering described
        in the prospectus. As provided in Rule 430B, for liability purposes of the
        issuer and any person that is at that date an underwriter, such date shall
        be
        deemed to be a new effective date of the registration statement relating
        to the
        securities in the registration statement to which that prospectus relates,
        and
        the offering of such securities at that time shall be deemed to be the initial
        </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>bona
        fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        offering
        thereof. <em>P</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>rovided,
        however</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">,
        that no
        statement made in a registration statement or prospectus that is part of
        the
        registration statement or made in a document incorporated or deemed incorporated
        by reference into the registration statement or prospectus that is part of
        the
        registration statement will, as to a purchaser with a time of contract of
        sale
        prior to such effective date, supersede or modify any&#160; </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">3</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">statement
        that was made in the registration statement or prospectus that was part of
        the
        registration statement or made in any such document immediately prior to
        such
        effective date; or</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 36pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(ii)</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
        the
        Registrant is subject to Rule 430C, each prospectus filed pursuant to Rule
        424(b) as part of a registration statement relating to an offering, other
        than
        registration statements relying on Rule 430B or other than prospectuses filed
        in
        reliance on Rule 430A, shall be deemed to be part of and included in the
        registration statement as of the date it is first used after effectiveness.
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        the
        registration statement or made in a document incorporated or deemed incorporated
        by reference into the registration statement or prospectus that is part of
        the
        registration statement will, as to a purchaser with a time of contract of
        sale
        prior to such first use, supersede or modify any statement that was made
        in the
        registration statement or prospectus that was part of the registration statement
        or made in any such document immediately prior to such date of first
        use.</font></div>
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        undersigned Registrant undertakes that in a primary offering of securities
        of
        the undersigned Registrant pursuant to this Registration Statement, regardless
        of the underwriting method used to sell the securities to the purchaser,
        if the
        securities are offered or sold to such purchaser by means of the following
        communications, the undersigned Registrant will be a seller to the purchaser
        and
        will be considered to offer or sell such securities to such
        purchaser:</font></div>
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        preliminary prospectus or prospectus of the undersigned Registrant relating
        to
        the offering required to be filed pursuant to Rule 424;</font></div>
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        undersigned Registrant or used or referred to by the undersigned
        Registrant;</font></div>
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        portion of any other free writing prospectus relating to the offering containing
        material information about the undersigned Registrant or its securities provided
        by or on behalf of the undersigned Registrant; and</font></div>
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        other
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        Registrant to the purchaser.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        undersigned Registrant hereby undertakes that, for purposes of determining
        any
        liability under the 1933 Act each filing of the Registrant&#8217;s annual report
        pursuant to Section 13(a) or Section 15(d) of the 1934 Act (and, where
        applicable, each filing of an employee benefit plan&#8217;s annual report pursuant to
        Section 15(d) of the 1934 Act) that is incorporated by reference in the
        registration statement shall be deemed to be a new registration statement
        relating to the securities offered therein, and the offering of such securities
        at that time shall be deemed to be the initial </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>bona
        fide</em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
        offering
        thereof. </font></div>
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        as indemnification for liabilities arising under the 1933 Act may be permitted
        to directors, officers and controlling persons of the Registrant pursuant
        to the
        foregoing provisions, or otherwise, the Registrant has been advised that
        in the
        opinion of the Commission such indemnification is against public policy as
        expressed in the 1933 Act and is, therefore, unenforceable. In the event
        that a
        claim for indemnification against such liabilities (other than the payment
        by
        the Registrant of expenses incurred or paid by a director, officer or
        controlling person of the Registrant in the successful defense of any action,
        suit or proceeding) is asserted by such director, officer or controlling
        person
        in connection with the securities being registered, the Registrant will,
        unless
        in the opinion of its counsel the matter has been settled by controlling
        precedent, submit to a court of appropriate jurisdiction the question whether
        such indemnification by it is against public policy as expressed in the 1933
        Act
        and will be governed by the final adjudication of such issue.</font></div>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">4</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
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        <div id="HDR">
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          </div>
        </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SIGNATURES</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the 1933 Act, the Company certifies that it has
        reasonable grounds to believe that it meets all of the requirements for filing
        this Registration Statement and has duly caused this Registration Statement
        to
        be signed on its behalf by the undersigned, thereunto duly authorized, in
        the
        City of Woonsocket, State of Rhode Island, on the&#160;21st day of March,
        2007.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div align="right">
        <table border="0" cellpadding="0" cellspacing="0" width="50%">

            <tr>
              <td align="left" colspan="2" valign="top" width="100%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CVS
                  Corporation</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">&#160;</td>
              <td align="left" valign="top" width="90%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">&#160;</td>
              <td align="left" valign="top" width="90%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:</font></div>
              </td>
              <td align="left" valign="top" width="90%" style="border-bottom: black thin solid;">
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                  David B. Rickard</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Name:</font></div>
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                  B. Rickard</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="10%">
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                  Vice President, <br>Chief Financial Officer and <br>Chief Administrative
                  Officer</font></div>
              </td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">5</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
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          </div>
        </div>
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          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">KNOW
        ALL
        MEN BY THESE PRESENTS, that each person whose signature appears below,
        constitutes and appoints&#160;David B. Rickard&#160;as his or her true and
        lawful attorney-in-fact and agent, with full power of substitution and
        resubstitution, to do any and all acts and things and execute, in the name
        of
        the undersigned, any and all instruments which said attorney-in-fact and
        agent
        may deem necessary or advisable in order to enable the Company to comply
        with
        the 1933 Act and any requirements of the Commission in respect thereof, in
        connection with the filing with the Commission of this Registration Statement
        on
        Form S-8 under the 1933 Act, including specifically but without limitation,
        power and authority to sign the name of the undersigned to such Registration
        Statement, and any amendments to such Registration Statement (including
        post-effective amendments), and to file the same with all exhibits thereto
        and
        other documents in connection therewith, with the Commission, to sign any
        and
        all applications, registration statements, notices or other documents necessary
        or advisable to comply with applicable state securities laws, and to file
        the
        same, together with other documents in connection therewith with the appropriate
        state securities authorities, granting unto said attorney-in-fact and agent,
        full power and authority to do and to perform each and every act and thing
        requisite or necessary to be done in and about the premises, as fully and
        to all
        intents and purposes as the undersigned might or could do in person, hereby
        ratifying and confirming all that said attorney-in-fact and agent, or his
        or her
        substitute, may lawfully do or cause to be done by virtue hereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
        to the requirements of the Securities Act, this Registration Statement has
        been
        signed below by the following persons in the capacities and on the dates
        indicated.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div align="left">
        <table border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td valign="top" width="28%" style="border-bottom: medium none;">
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              </td>
              <td valign="top" width="2%" style="border-bottom: medium none;">&#160;</td>
              <td valign="top" width="40%" style="border-bottom: medium none;">
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              </td>
              <td width="2%">&#160;</td>
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              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="28%" style="border-bottom: black thin solid;">/s/&#160;&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Thomas
                M. Ryan</font></td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chairman
                  of the Board, President and Chief Executive Officer (Principal
                  Executive
                  Officer)</font></div>
              </td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">
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                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
                    2007</font></div>
                </div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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                  M. Ryan</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="bottom" width="28%" style="border-bottom: black thin solid;">/s/&#160;<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
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              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">
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                  Vice President, Chief Financial Officer and <br>Chief Administrative
                  Officer<br><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Principal
                  Financial Officer)</font></font></div>
              </td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
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              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">
              </td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
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                A. Price</font></td>
              <td align="left" valign="top" width="2%" style="border-bottom: #ffffff solid;">&#160;</td>
              <td align="left" valign="top" width="40%" style="border-bottom: #ffffff solid;">
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                  Officer)</font></div>
              </td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%" style="border-bottom: #ffffff thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
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                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
                        2007</font></div>
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                  </div>
                </div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
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              <td align="left" valign="top" width="2%">&#160;</td>
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              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
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              <td align="left" valign="top" width="28%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
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            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
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              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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            <tr>
              <td align="left" valign="top" width="28%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">William
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              <td valign="bottom" width="28%">
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                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
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              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
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              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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            <tr>
              <td align="left" valign="top" width="28%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Terrence
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              <td align="left" valign="top" width="40%">
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                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
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                </div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Terrence
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              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
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      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
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        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">6</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
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        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
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      <div>
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            <tr>
              <td valign="top" width="28%" style="border-bottom: medium none;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Signature</u></strong></font></div>
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              <td valign="top" width="40%" style="border-bottom: medium none;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Title</u></strong></font></div>
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              <td width="2%">&#160;</td>
              <td valign="top" width="28%" style="border-bottom: medium none;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong><u>Date</u></strong></font></div>
              </td>
            </tr>

        </table>
      </div>
      <div>
        <table border="0" cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%" style="border-bottom: black thin solid;">/s/
<font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sheli
                Z. Rosenberg</font></td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
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              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
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                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
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                </div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Sheli
                  Z. Rosenberg</font></div>
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              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%" style="border-bottom: black thin solid;">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
                  Richard J. Swift</font></div>
              </td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Director</font></div>
              </td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
                        <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">March&#160;21,
                          2007</font></div>
                      </div>
                    </div>
                  </div>
                </div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Richard
                  J. Swift</font></div>
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              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="28%">&#160;</td>
              <td align="left" valign="top" width="2%">&#160;</td>
              <td align="left" valign="top" width="40%">&#160;</td>
              <td width="2%">&#160;</td>
              <td valign="bottom" width="28%">&#160;</td>
            </tr>

        </table>
      </div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
        <div id="FTR">
          <div id="GLFTR" style="WIDTH: 100%" align="left">
          </div>
        </div>
        <div id="PN" style="PAGE-BREAK-AFTER: always">
          <div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">7</font></div>
          <div style="WIDTH: 100%; TEXT-ALIGN: center">
            <hr style="COLOR: black" noshade size="2">
          </div>
        </div>
        <div id="HDR">
          <div id="GLHDR" style="WIDTH: 100%" align="right">
          </div>
        </div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
        INDEX</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">
        <div align="left">
          <table border="0" cellpadding="0" cellspacing="0" width="100%">

              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Amended
                    and Restated Certificate of Incorporation of CVS Corporation
                    (incorporated
                    by reference to Exhibit 3.1 of CVS Corporation&#8217;s Annual Report on Form
                    10-K405, dated March 31, 1997,&#160;for the fiscal year ended December 31,
                    1996 (Commission File No. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">001-01011</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">)).*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.2
                    </font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Certificate
                    of Amendment to the Amended and Restated Certificate of Incorporation
                    of
                    CVS Corporation (incorporated by reference to Exhibit 4.1A of
                    CVS
                    Corporation&#8217;s Registration Statement on Form S-3/A dated May 18, 1998
                    (Commission File No. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #bf0023; FONT-FAMILY: Times New Roman">333-52055))</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.3
                    </font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Bylaws
                    of CVS Corporation, as amended and restated (incorporated by
                    reference to
                    Exhibit 3.2 to the Company&#8217;s Current Report on Form 8-K
                    dated&#160;February 2, 2007 (Commission File No. </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; COLOR: #000000; FONT-FAMILY: Times New Roman">001-01011</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">)).*</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Opinion
                    of Davis Polk &amp; Wardwell.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of KPMG LLP.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">23.2</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Consent
                    of Davis Polk &amp; Wardwell (included in Exhibit 5).</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">24</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Powers
                    of attorney (included on the signature pages hereof).</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">CVS
                    Corporation 1997 Incentive Compensation Plan, As Amended and
                    Restated.</font></div>
                </td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%">&#160;</td>
                <td align="left" valign="top" width="92%">&#160;</td>
              </tr>
              <tr>
                <td width="3%">&#160;</td>
                <td align="left" valign="top" width="5%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.2</font></div>
                </td>
                <td align="left" valign="top" width="92%" style="border-bottom: medium none;">
                  <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Caremark
                    Rx, Inc. 2004 Incentive Stock&#160;
Plan.</font></div>
                </td>
              </tr>

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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 45pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*Incorporated
        by reference.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 45pt; TEXT-INDENT: -27pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;
8</div>
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{"company-data": {"conformed-name": "CVS CORP", "cik": "0000064803", "assigned-sic": "5912", "irs-number": "050494040", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-141481", "film-number": "07710335"}, "business-address": {"street1": "ONE CVS DR.", "city": "WOONSOCKET", "state": "RI", "zip": "02895-", "phone": "4017651500"}, "mail-address": {"street1": "ONE CVS DR.", "city": "WOONSOCKET", "state": "RI", "zip": "02895-"}, "former-company": [{"former-conformed-name": "MELVILLE CORP", "date-changed": "19920703"}, {"former-conformed-name": "MELVILLE SHOE CORP", "date-changed": "19760630"}]}
Unassociated Document
As
      filed with the Securities and Exchange Commission on March 21,
      2007
Registration
      No. 333-
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
Washington,
      D.C. 20549
FORM
      S-8
REGISTRATION
      STATEMENT
UNDER
      THE SECURITIES ACT OF 1933
CVS
      CORPORATION
(Exact
      Name of Registrant as specified in its charter)
Delaware
05-0494040
(State
                or other jurisdiction of
incorporation
                or organization)
(I.R.S.
                Employer
Identification
                No.)
One
                CVS Drive
Woonsocket,
                RI 02895
(401)
                765-1500
(Address
                including Zip Code, and Telephone Number, Including Area Code, of
                Registrant's Principal Executive Offices)
CVS
                Corporation 1997 Incentive Compensation Plan, As Amended and
                Restated
Caremark
                Rx, Inc. 2004 Incentive Stock Plan
(Full
                title of the plans)
David
                B. Rickard
Executive
                Vice President and Chief Financial Officer
CVS
                Corporation
One
                CVS Drive
Woonsocket,
                RI 02895
(401)
                765-1500
(Name,
                address and telephone number, including area code, of agent for
                service)
Copy
                to:
Edmond
                T. FitzGerald, Esq.
Davis
                Polk & Wardwell
450
                Lexington Avenue
New
                York, New York 10017
212-450-4000
CALCULATION
        OF REGISTRATION FEE
Title
                    of each class
of
                    Securities to be registered
Amount
                    to be registered(1)
Proposed
maximum
offering
price
                    per
share
Proposed
                    maximum
aggregate
                    offering price
Amount
                    of
registration
                    fee
Common
                    Stock,
                    par value $.01 per share
100,299,098
$
                    32.14(2)
$
                    3,223,111,498
$
                    98,949.52
Common
                    Stock,
                    par value $.01 per share
10,000,000
$
                    16.31(3)
$
                    163,139,683
$
                    5,008.39
Common
                    Stock,
                    par value $.01 per share
34,000,000
$
                    20.65(4)
$
                    702,207,911
$
                    21,557.78
TOTALS:
144,299,098
$
                    4,088,459,092
$
                    125,515.69
(1)
Plus
                  (i) an
                  indeterminate number of additional shares which may be offered
                  and issued
                  to prevent dilution resulting from stock splits, stock dividends
                  or
                  similar transactions and (ii) any additional preferred share purchase
                  right granted under any rights plan relating to the shares
                  above.
(2)
These
                  shares
                  represent the remaining pool of shares available for grant under
                  the CVS
                  Corporation 1997 Incentive Compensation Plan and the Caremark Rx,
                  Inc.
                  2004 Incentive Stock Plan (which will be assumed by the Registrant
                  as a
                  result of a merger transaction), appropriately adjusted to reflect
                  the
                  terms of the merger transaction. The fee for these shares is estimated
                  pursuant to Rules 457(h) and 457(c) under the Securities Act of
                  1933, as
                  amended (the "1933 Act"), solely for the purpose of computing the
                  registration fee, based on the average of the high and low prices
                  of the
                  securities being registered hereby on the New York Stock Exchange
                  LLC on
                  March 14, 2007.
(3)
These
                  shares are
                  subject to outstanding options under a plan of Caremark Rx, Inc.,
                  which
                  options will be assumed by the Registrant in connection with the
                  CVS
                  Corporation/Caremark Rx, Inc. merger transaction, appropriately
                  adjusted
                  to reflect the terms of the merger transaction. The fee is calculated
                  based on option exercise price in accordance with Rule 457(h) of
                  the 1933
                  Act.
(4)
These
                  shares are
                  subject to outstanding options granted under the CVS Corporation
                  1997
                  Incentive Compensation Plan . The fee is calculated based on option
                  exercise price in accordance with Rule 457(h) of the 1933
                  Act.
PART
        I
INFORMATION
        REQUIRED IN THE SECTION 10(a) PROSPECTUS
The
        information specified in Item 1 and Item 2 of Part I of this Registration
        Statement on Form S-8 (the "Registration Statement") is omitted from this filing
        in accordance with the provisions of Rule 428 under the 1933 Act and the
        introductory note to Part I of the Registration Statement. The documents
        containing the information specified in Part I will be delivered to the
        participants in the Plans covered by this Registration Statement as required
        by
        Rule 428(b)(1).
PART
        II
INFORMATION
        REQUIRED IN THE REGISTRATION STATEMENT
ITEM
        3. INCORPORATION OF DOCUMENTS BY REFERENCE
The
        following documents filed with the Securities and Exchange Commission (the
        "Commission") by CVS Corporation (the "Company" or the "Registrant") pursuant to
        the 1933 Act and the Securities Exchange Act of 1934, as amended (the "1934
        Act"), are incorporated herein by reference.
(1)
The
        Company's Annual Report on Form 10-K
(Registration
        No
.
001-01011
)
        for the fiscal year ended on December 30, 2006.
(2)
All
        reports filed pursuant to Section 13(a) or 15(d) of the 1934 Act subsequent
        to
        the filing of the form referred to in (1) above.
(3)
The
        description of the Company's capital stock which is contained in the Company's
        Registration Statement on Form S-4, filed with the Commission on December
        19,
        2006 (Registration Statement 333-139470), including any amendments or
        supplements thereto.
All
        documents subsequently filed by the Company pursuant to Sections 13(a), 13(c),
        14 and 15(d) of the 1934 Act, prior to the filing of a post-effective amendment
        which indicates that all securities offered have been sold or which deregisters
        all securities then remaining unsold, shall be deemed to be incorporated
        by
        reference herein and to be a part hereof from the date of filing of such
        documents.
Any
        statement contained in a document incorporated or deemed to be incorporated
        by
        reference herein shall be deemed to be modified or superseded for purposes
        of
        this Registration Statement to the extent that a statement contained herein,
        (or
        in any other subsequently filed document which also is incorporated or deemed
        to
        be incorporated by reference herein), modifies or supersedes such statement.
        Any
        such statement so modified or superseded shall not be deemed, except as so
        modified or superseded, to constitute a part of this Registration
        Statement.
ITEM
        4. DESCRIPTION OF SECURITIES
Not
        applicable.
ITEM
        5. INTEREST OF NAMED EXPERTS AND COUNSEL
Not
        applicable.
ITEM
        6. INDEMNIFICATION OF DIRECTORS AND OFFICERS
Section
        145 of the General Corporation Law of the State of Delaware, or the DGCL,
        generally provides that all directors and officers (as well as other employees
        and individuals) may be indemnified against expenses (including attorneys'
fees), judgments, fines and amounts paid in settlement in connection with
        certain specified actions, suits or proceedings, whether civil, criminal,
        administrative or investigative (other than an action by or in the right
        of the
        corporation, or a derivative action), if they acted in good faith and in
        a
        manner they reasonably believed to be in or not opposed to the best interests
        of
        the corporation, and, with respect to any criminal action or proceeding,
        had no
reasonable
        cause to believe their conduct was unlawful. A similar standard of care is
        applicable in the case of derivative actions, except that indemnification
        extends only to expenses (including attorneys' fees) incurred in connection with
        defense or settlement of an action, and the DGCL requires court approval
        before
        there can be any indemnification where the person seeking indemnification
        has
        been found liable to the corporation. CVS' Amended and Restated Certificate of
        Incorporation currently provides, and as amended upon completion of the merger
        will provide, that CVS will indemnify to the fullest extent permitted by
        the
        DGCL any director or officer who was or is a party or is threatened to be
        made a
        party to any threatened, pending or completed action, suit or
        proceeding.
Section
        145 of the DGCL also provides that the rights conferred thereby are not
        exclusive of any other right to which any person may be entitled under any
        bylaw, agreement, vote of stockholders or disinterested directors or otherwise,
        and permits a corporation to advance expenses to or on behalf of a person
        entitled to be indemnified upon receipt of an undertaking to repay the amounts
        advanced if it is determined that the person is not entitled to be
        indemnified.
Section
        102(b)(7) of the DGCL permits a corporation to provide in its certificate
        of
        incorporation that a director of the corporation shall not be personally
        liable
        to the corporation or its stockholders for monetary damages for breach of
        fiduciary duty as a director, except for liability for any breach of the
        director's duty of loyalty to the corporation or its stockholders, for acts or
        omissions not in good faith or which involve intentional misconduct or a
        knowing
        violation of law, for unlawful payments of dividends or unlawful stock
        repurchases, redemptions or other distributions, or for any transaction from
        which the director derived an improper personal benefit. The CVS charter
        provides, and as amended upon completion of the merger will provide, that
        no
        director will be liable to CVS or its stockholders for monetary damages for
        breach of fiduciary duty as a director to the fullest extent permitted by
        Delaware law.
The
        directors and officers of CVS are insured under a policy of directors' and
        officers' liability insurance.
ITEM
        7. EXEMPTION FROM REGISTRATION CLAIMED
Not
        applicable.
ITEM
        8. EXHIBITS
4.1
Amended
                    and Restated Certificate of Incorporation of CVS Corporation
                    (incorporated
                    by reference to Exhibit 3.1 of CVS Corporation's Annual Report on Form
                    10-K 405, dated March 31, 1997, for the fiscal year ended December
                    31, 1996 (Commission File No.
001-01011
)).*
4.2
Certificate
                    of Amendment to the Amended and Restated Certificate of Incorporation
                    of
                    CVS Corporation (incorporated by reference to Exhibit 4.1A of
                    CVS
                    Corporation's Registration Statement on Form S-3/A dated May 18, 1998
                    (Commission File No. 333-52055)).*
4.3
Bylaws
                    of CVS Corporation, as amended and restated (incorporated by
                    reference to
                    Exhibit 3.2 to the Company's Current Report on Form 8-K
                    dated February 2, 2007 (Commission File No.
001-01011
)).*
5
Opinion
                    of Davis Polk & Wardwell.
23.1
Consent
                    of KPMG LLP.
23.2
Consent
                    of Davis Polk & Wardwell (included in Exhibit 5).
24
Powers
                    of attorney (included on the signature pages
                    hereof).
2
99.1
CVS
                    Corporation 1997 Incentive Compensation Plan, As Amended and
                    Restated.
99.2
Caremark
                    Rx, Inc. 2004 Incentive
                    Stock Plan.
____________________
*
        Incorporated by reference.
ITEM
        9. REQUIRED UNDERTAKINGS
The
        undersigned Registrant hereby undertakes:
(1)
To
        file,
        during any period in which offers or sales are being made, a post-effective
        amendment to this Registration Statement:
(i)
To
        include any prospectus required by Section 10(a)(3) of the 1933
        Act;
(ii)
To
        reflect in the prospectus any facts or events arising after the effective
        date
        of this Registration Statement (or the most recent post-effective amendment
        thereof) which, individually or in the aggregate, represent a fundamental
        change
        in the information set forth in this Registration Statement;
(iii)
To
        include any material information with respect to the plan of distribution
        not
        previously disclosed in this Registration Statement or any material change
        to
        such information in this Registration Statement;
provided
,
however
,
        that
        paragraphs (1)(i) and (1)(ii) do not apply if the information required to
        be
        included in a post-effective amendment by those paragraphs is contained in
        periodic reports filed by the Registrant pursuant to Section 13 or 15(d)
        of the
        1934 Act that are incorporated by reference in this Registration
        Statement.
(2)
That,
        for
        the purpose of determining any liability under the 1933 Act each such
        post-effective amendment shall be deemed to be a new registration statement
        relating to the securities offered therein, and the offering of such securities
        at that time shall be deemed to be the initial
bona
        fide
offering
        thereof.
(3)
To
        remove
        from registration by means of a post-effective amendment any of the securities
        being registered which remain unsold at the termination of the offering.
(4)
That,
        for
        the purpose of determining liability under the 1933 Act to any
        purchaser:
(i)
If
        the
        Registrant is relying on Rule 430B:
(A)
Each
        prospectus filed by the Registrant pursuant to Rule 424(b)(3) shall be deemed
        to
        be part of the registration statement as of the date the filed prospectus
        was
        deemed part of and included in the registration statement; and
(B)
Each
        prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7)
        as
        part of a registration statement in reliance on Rule 430B relating to an
        offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose
        of
        providing the information required by section 10(a) of the 1933 Act shall
        be
        deemed to be part of and included in the registration statement as of the
        earlier of the date such form of prospectus is first used after effectiveness
        or
        the date of the first contract of sale of securities in the offering described
        in the prospectus. As provided in Rule 430B, for liability purposes of the
        issuer and any person that is at that date an underwriter, such date shall
        be
        deemed to be a new effective date of the registration statement relating
        to the
        securities in the registration statement to which that prospectus relates,
        and
        the offering of such securities at that time shall be deemed to be the initial
bona
        fide
offering
        thereof.
P
rovided,
        however
,
        that no
        statement made in a registration statement or prospectus that is part of
        the
        registration statement or made in a document incorporated or deemed incorporated
        by reference into the registration statement or prospectus that is part of
        the
        registration statement will, as to a purchaser with a time of contract of
        sale
        prior to such effective date, supersede or modify any
3
statement
        that was made in the registration statement or prospectus that was part of
        the
        registration statement or made in any such document immediately prior to
        such
        effective date; or
(ii)
If
        the
        Registrant is subject to Rule 430C, each prospectus filed pursuant to Rule
        424(b) as part of a registration statement relating to an offering, other
        than
        registration statements relying on Rule 430B or other than prospectuses filed
        in
        reliance on Rule 430A, shall be deemed to be part of and included in the
        registration statement as of the date it is first used after effectiveness.
Provided,
        however
,
        that no
        statement made in a registration statement or prospectus that is part of
        the
        registration statement or made in a document incorporated or deemed incorporated
        by reference into the registration statement or prospectus that is part of
        the
        registration statement will, as to a purchaser with a time of contract of
        sale
        prior to such first use, supersede or modify any statement that was made
        in the
        registration statement or prospectus that was part of the registration statement
        or made in any such document immediately prior to such date of first
        use.
(5)
That,
        for
        the purpose of determining liability of the Registrant under the 1933 Act
        to any
        purchaser in the initial distribution of the securities:
The
        undersigned Registrant undertakes that in a primary offering of securities
        of
        the undersigned Registrant pursuant to this Registration Statement, regardless
        of the underwriting method used to sell the securities to the purchaser,
        if the
        securities are offered or sold to such purchaser by means of the following
        communications, the undersigned Registrant will be a seller to the purchaser
        and
        will be considered to offer or sell such securities to such
        purchaser:
(i)
Any
        preliminary prospectus or prospectus of the undersigned Registrant relating
        to
        the offering required to be filed pursuant to Rule 424;
(ii)
Any
        free
        writing prospectus relating to the offering prepared by or on behalf of the
        undersigned Registrant or used or referred to by the undersigned
        Registrant;
(iii)
The
        portion of any other free writing prospectus relating to the offering containing
        material information about the undersigned Registrant or its securities provided
        by or on behalf of the undersigned Registrant; and
(iv)
Any
        other
        communication that is an offer in the offering made by the undersigned
        Registrant to the purchaser.
The
        undersigned Registrant hereby undertakes that, for purposes of determining
        any
        liability under the 1933 Act each filing of the Registrant's annual report
        pursuant to Section 13(a) or Section 15(d) of the 1934 Act (and, where
        applicable, each filing of an employee benefit plan's annual report pursuant to
        Section 15(d) of the 1934 Act) that is incorporated by reference in the
        registration statement shall be deemed to be a new registration statement
        relating to the securities offered therein, and the offering of such securities
        at that time shall be deemed to be the initial
bona
        fide
offering
        thereof.
Insofar
        as indemnification for liabilities arising under the 1933 Act may be permitted
        to directors, officers and controlling persons of the Registrant pursuant
        to the
        foregoing provisions, or otherwise, the Registrant has been advised that
        in the
        opinion of the Commission such indemnification is against public policy as
        expressed in the 1933 Act and is, therefore, unenforceable. In the event
        that a
        claim for indemnification against such liabilities (other than the payment
        by
        the Registrant of expenses incurred or paid by a director, officer or
        controlling person of the Registrant in the successful defense of any action,
        suit or proceeding) is asserted by such director, officer or controlling
        person
        in connection with the securities being registered, the Registrant will,
        unless
        in the opinion of its counsel the matter has been settled by controlling
        precedent, submit to a court of appropriate jurisdiction the question whether
        such indemnification by it is against public policy as expressed in the 1933
        Act
        and will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant
        to the requirements of the 1933 Act, the Company certifies that it has
        reasonable grounds to believe that it meets all of the requirements for filing
        this Registration Statement and has duly caused this Registration Statement
        to
        be signed on its behalf by the undersigned, thereunto duly authorized, in
        the
        City of Woonsocket, State of Rhode Island, on the 21st day of March,
        2007.
CVS
                  Corporation
By:
/s/
                  David B. Rickard
Name:
David
                  B. Rickard
Title:
Executive
                  Vice President,
Chief Financial Officer and
Chief Administrative
                  Officer
5
KNOW
        ALL
        MEN BY THESE PRESENTS, that each person whose signature appears below,
        constitutes and appoints David B. Rickard as his or her true and
        lawful attorney-in-fact and agent, with full power of substitution and
        resubstitution, to do any and all acts and things and execute, in the name
        of
        the undersigned, any and all instruments which said attorney-in-fact and
        agent
        may deem necessary or advisable in order to enable the Company to comply
        with
        the 1933 Act and any requirements of the Commission in respect thereof, in
        connection with the filing with the Commission of this Registration Statement
        on
        Form S-8 under the 1933 Act, including specifically but without limitation,
        power and authority to sign the name of the undersigned to such Registration
        Statement, and any amendments to such Registration Statement (including
        post-effective amendments), and to file the same with all exhibits thereto
        and
        other documents in connection therewith, with the Commission, to sign any
        and
        all applications, registration statements, notices or other documents necessary
        or advisable to comply with applicable state securities laws, and to file
        the
        same, together with other documents in connection therewith with the appropriate
        state securities authorities, granting unto said attorney-in-fact and agent,
        full power and authority to do and to perform each and every act and thing
        requisite or necessary to be done in and about the premises, as fully and
        to all
        intents and purposes as the undersigned might or could do in person, hereby
        ratifying and confirming all that said attorney-in-fact and agent, or his
        or her
        substitute, may lawfully do or cause to be done by virtue hereof.
Pursuant
        to the requirements of the Securities Act, this Registration Statement has
        been
        signed below by the following persons in the capacities and on the dates
        indicated.
Signature
Title
Date
/s/
Thomas
                M. Ryan
Chairman
                  of the Board, President and Chief Executive Officer (Principal
                  Executive
                  Officer)
March 21,
                    2007
Thomas
                  M. Ryan
/s/
David
                B. Rickard
Executive
                  Vice President, Chief Financial Officer and
Chief Administrative
                  Officer
(Principal
                  Financial Officer)
March 21,
                        2007
David
                  B. Rickard
/s/
Paula
                A. Price
Senior
                  Vice President and Controller
(Principal Accounting
                  Officer)
March 21,
                        2007
Paula
                  A. Price
/s/
David
                W. Dorman
Director
March 21,
                          2007
David
                  W. Dorman
/s/
Marian
                L. Heard
Director
March 21,
                          2007
Marian
                  L. Heard
/s/
William
                H. Joyce
Director
March 21,
                          2007
William
                  H. Joyce
/s/
Terrence
                Murray
Director
March 21,
                          2007
Terrence
                  Murray
6
Signature
Title
Date
/s/
Sheli
                Z. Rosenberg
Director
March 21,
                          2007
Sheli
                  Z. Rosenberg
/s/
                  Richard J. Swift
Director
March 21,
                          2007
Richard
                  J. Swift
7
EXHIBIT
        INDEX
4.1
Amended
                    and Restated Certificate of Incorporation of CVS Corporation
                    (incorporated
                    by reference to Exhibit 3.1 of CVS Corporation's Annual Report on Form
                    10-K405, dated March 31, 1997, for the fiscal year ended December 31,
                    1996 (Commission File No.
001-01011
)).*
4.2
Certificate
                    of Amendment to the Amended and Restated Certificate of Incorporation
                    of
                    CVS Corporation (incorporated by reference to Exhibit 4.1A of
                    CVS
                    Corporation's Registration Statement on Form S-3/A dated May 18, 1998
                    (Commission File No.
333-52055))
.*
4.3
Bylaws
                    of CVS Corporation, as amended and restated (incorporated by
                    reference to
                    Exhibit 3.2 to the Company's Current Report on Form 8-K
                    dated February 2, 2007 (Commission File No.
001-01011
)).*
5
Opinion
                    of Davis Polk & Wardwell.
23.1
Consent
                    of KPMG LLP.
23.2
Consent
                    of Davis Polk & Wardwell (included in Exhibit 5).
24
Powers
                    of attorney (included on the signature pages hereof).
99.1
CVS
                    Corporation 1997 Incentive Compensation Plan, As Amended and
                    Restated.
99.2
Caremark
                    Rx, Inc. 2004 Incentive Stock 
Plan.
__________________________
*Incorporated
        by reference.
8