8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant To Section 13 Or 15(d) of

The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 17, 2006

CVS CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-01011	050494040
(Commission File Number)	(IRS Employer Identification No.)
One CVS Drive Woonsocket, Rhode Island	02895
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (401) 765-1500

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

On March 17, 2006, the Board of Directors of CVS Corporation elected David W. Dorman to the Board.

Mr. Dorman is the retired Chairman of the Board and Chief Executive Officer of AT&T Corporation (“AT&T Corp.”). He held several senior executive positions with AT&T from 2000 until his retirement in January 2006. Mr. Dorman is a director of Yum! Brands, Inc..

CVS Corporation issued a press release on March 21, 2006 to announce Mr. Dorman’s election to its Board. The full text of the release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Item 9.01 Exhibits

Exhibit 99.1        Press Release Dated March 21, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	CVS CORPORATION
Date: March 21, 2006	By:	/s/ David B. Rickard
	Name:	David B. Rickard
	Title:	Executive Vice President, Chief Financial Officer and Chief Administrative Officer

EX-99.1

Exhibit 99.1

Investor Contact:	Nancy Christal	Media Contact:	Eileen Howard Dunn
	Vice President		Vice President
	Investor Relations		Corporate Communications
	(914) 722-4704		(401) 770-4561

For Immediate Release

DAVID W. DORMAN NAMED TO CVS CORPORATION BOARD OF DIRECTORS

WOONSOCKET, RHODE ISLAND, March 21, 2006 – CVS Corporation (NYSE: CVS) announced today that it has named David W. Dorman, the former Chairman of the Board and Chief Executive Officer of AT&T Corporation (“AT&T Corp.”), to its Board of Directors.

“We are very pleased that David has joined the CVS Board. David led AT&T during a dynamic time in that company’s history, and his knowledge and experience will serve us well as CVS continues to grow and solidify its position as America’s #1 pharmacy,” said Tom Ryan, Chairman, President and CEO of CVS Corporation. “David’s extensive background in executive management at several different companies will be an asset to the CVS Board. We look forward to working with him.”

Mr. Dorman serves on the board of directors of Yum! Brands, Inc., and served as a director of Scientific Atlanta, Inc. until its acquisition by Cisco Systems, Inc. was completed in February 2006.

CVS is America’s largest retail pharmacy, operating over 5,400 retail and specialty pharmacy stores in 37 states and the District of Columbia. With more than 40 years of dynamic growth in the retail pharmacy industry, CVS is committed to being the easiest pharmacy retailer for customers to use. CVS has created innovative approaches to serve the healthcare needs of all customers through its CVS/pharmacy^® stores; its online pharmacy, CVS.com^®; and its pharmacy benefit management, mail order and specialty pharmacy subsidiary, PharmaCare^®. General information about CVS is available through the Investor Relations portion of the Company’s website, at http://investor.CVS.com, as well as through the press room portion of the Company’s website, at www.cvs.com/pressroom.

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