<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-31-1997
<PERIOD-START>                                 DEC-31-1996
<PERIOD-END>                                   DEC-31-1997
<EXCHANGE-RATE>                                       1.00
<CASH>                                             192,500
<SECURITIES>                                             0
<RECEIVABLES>                                      491,600
<ALLOWANCES>                                        39,200
<INVENTORY>                                      2,882,400
<CURRENT-ASSETS>                                 3,892,100
<PP&E>                                           1,696,100
<DEPRECIATION>                                     623,900
<TOTAL-ASSETS>                                   5,978,900
<CURRENT-LIABILITIES>                            2,910,600
<BONDS>                                            290,300
<PREFERRED-MANDATORY>                                    0
<PREFERRED>                                        284,600
<COMMON>                                             2,000
<OTHER-SE>                                       2,328,000
<TOTAL-LIABILITY-AND-EQUITY>                     5,978,900
<SALES>                                         13,749,600
<TOTAL-REVENUES>                                13,749,600
<CGS>                                           10,031,300
<TOTAL-COSTS>                                   10,031,300
<OTHER-EXPENSES>                                 3,456,900
<LOSS-PROVISION>                                    15,300
<INTEREST-EXPENSE>                                  44,100
<INCOME-PRETAX>                                    217,300
<INCOME-TAX>                                       140,800
<INCOME-CONTINUING>                                 76,500
<DISCONTINUED>                                      17,500
<EXTRAORDINARY>                                    (17,100)
<CHANGES>                                                0
<NET-INCOME>                                        76,900
<EPS-PRIMARY>                                        0.17
<EPS-DILUTED>                                        0.16