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<SEC-DOCUMENT>0000950103-97-000182.txt : 19970327
<SEC-HEADER>0000950103-97-000182.hdr.sgml : 19970327
ACCESSION NUMBER:		0000950103-97-000182
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19970321
ITEM INFORMATION:		Other events
FILED AS OF DATE:		19970326
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CVS CORP
		CENTRAL INDEX KEY:			0000064803
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-DRUG STORES AND PROPRIETARY STORES [5912]
		IRS NUMBER:				050494040
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-01011
		FILM NUMBER:		97563995

	BUSINESS ADDRESS:	
		STREET 1:		ONE THEALL ROAD
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		9149254000

	MAIL ADDRESS:	
		STREET 1:		ONE THEALL ROAD
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MELVILLE CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MELVILLE SHOE CORP
		DATE OF NAME CHANGE:	19760630
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>


===============================================================================

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                   FORM 8-K

                                CURRENT REPORT
                        Pursuant to Section 13 or 15(d)
                 of the Securities Exchange Agreement of 1934


       Date of Report (Date of earliest event reported): March 21, 1997



                              CVS CORPORATION
          -----------------------------------------------------
          (Exact Name of Registrant as Specified in its Charter)


<TABLE>
<S>                                           <C>                           <C>
                 Delaware                               1-1011                          05-0494040
- ---------------------------------------------- -------------------------    ----------------------------------
     (State or Other Jurisdiction of           (Commission File Number)      (IRS Employer Identification No.)
              Incorporation)
</TABLE>



                One CVS Drive
           Woonsocket, Rhode Island                        02895
- -----------------------------------------------     -------------------
   (Address of Principal Executive Offices)              (Zip Code)



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



       ------------------------------------------------------------
       (Former Name or Former Address, if Changed Since Last Report)


===============================================================================



     ITEM 5.Other Events.

     On March 21, 1997, CVS Corporation, a Delaware corporation
("CVS"), and Revco D.S., Inc., a Delaware corporation ("Revco"), received a
request from the Federal Trade Commission for additional information relating
to CVS' proposed acquisition of Revco.

     A press release announcing such request was issued on March 21,
1997.  The information contained in the press release is incorporated herein
by reference.  The press release is attached hereto as Exhibit 99.1.

     ITEM 7(c).  Exhibits.

     Exhibit 99.1 Press Release dated March 21, 1997.



                                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


Dated: March 21, 1997           By: /s/ Charles Conaway
                                -----------------------------
                                Name:Charles Conaway
                                Title:Chief Financial Officer





                               INDEX TO EXHIBITS


                                                               Sequential
Exhibit No.                     Description                     Page No.
- -----------                     -----------                    ----------
Exhibit 99.1        Press Release dated March 21, 1997.

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<TEXT>

                                                            EXHIBIT 99.1


Contacts:       Nancy Christal/Fred McGrail
                CVS Corporation
                (914) 722-4704
                (401) 765-1500 Ext. 4630

                Jim Fingeroth/Wendi Kopsick
                Kekst and Company
                (212) 593-2655


                                                       FOR IMMEDIATE RELEASE
                                                       ---------------------

     WOONSOCKET, RI, March 21, 1997 -- CVS Corp. (NYSE: CVS) today
announced that it and Revco D.S., Inc. (NYSE: RXR) have received a request for
additional information from the Federal Trade Commission relating to CVS'
proposed acquisition of Revco.  The parties intend to respond promptly and do
not expect the request to delay completion of the transaction by mid-year
1997.  On February 7, 1997, CVS announced it had signed a definitive agreement
providing for the combination of CVS and Revco in a stock transaction valued at
approximately $2.8 billion, plus the assumption of approximately $900 million
of Revco debt.  Revco, with 1996 annual sales of approximately $5.1 billion,
operates nearly 2,600 stores in 17 midwestern, southeastern and eastern
states.  CVS, with annual sales of $5.5 billion in 1996, is a leading drug
store chain in the northeast and middle atlantic regions.  As of February 22,
1997, CVS operated 1,417 stores in 14 states and the District of Columbia.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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