<ARTICLE> 5
<LEGEND>
  The financial data reported in this schedule has been 
restated to reflect the merger of CVS Corporation and Arbor 
Drugs, Inc. which was accounted for as a pooling of interests.
</LEGEND>
<RESTATED>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
       
                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                              DEC-31-1996
<PERIOD-START>                                 DEC-31-1995
<PERIOD-END>                                   DEC-31-1996
<EXCHANGE-RATE>                                       1.00
<CASH>                                             506,800
<SECURITIES>                                       181,400
<RECEIVABLES>                                      411,800
<ALLOWANCES>                                        36,900
<INVENTORY>                                      2,465,900
<CURRENT-ASSETS>                                 3,732,600
<PP&E>                                           1,626,600
<DEPRECIATION>                                     564,000
<TOTAL-ASSETS>                                   6,014,900
<CURRENT-LIABILITIES>                            2,192,300
<BONDS>                                          1,204,800
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                        298,600
<COMMON>                                             1,800
<OTHER-SE>                                       2,113,400
<TOTAL-LIABILITY-AND-EQUITY>                     6,014,900
<SALES>                                         11,831,600
<TOTAL-REVENUES>                                11,831,600
<CGS>                                            8,530,700
<TOTAL-COSTS>                                    8,530,700
<OTHER-EXPENSES>                                 2,709,000
<LOSS-PROVISION>                                     1,600
<INTEREST-EXPENSE>                                  69,900
<INCOME-PRETAX>                                    643,400
<INCOME-TAX>                                       271,000
<INCOME-CONTINUING>                                372,400
<DISCONTINUED>                                    (164,200)
<EXTRAORDINARY>                                          0
<CHANGES>                                                0
<NET-INCOME>                                       208,200
<EPS-PRIMARY>                                         0.53
<EPS-DILUTED>                                         0.52