CVS operates in a vibrant industry with highly favorable long-term trends. CVS has a motivated and experienced management team. CVS is a well-positioned leader and has demonstrated industry-leading growth and productivity. CVS is #1 in store count, scripts filled and RX sales.  We dispensed a record 281 million prescriptions in 1999 or approximately 13% of all prescriptions. CVS is a key competitor on the Internet. The June, 1999 aquisition of Soma.com, and subsequent re-launch as CVS.com provides us with a platform to reach new customers and expand CVS as a national pharmacy brand. It is an integral part of our strategy to provide total healthcare solutions to our customers. CVS is #1 in 30 of the top 100 U.S. Drugstore markets, more than any other chain. CVS has numerous growth opportunities: CVS will continue to drive its core business by focusing on higher margin, destination categories such as photofinishing, cosmetics, greeting cards, seasonal and general merchandise. The company will also implement several key technology initiatives that will continue to improve service and decrease costs. CVS opened a record 433 new or relocated CVS/Pharmacy and 12 ProCare stores in 1999. In 2000, we expect to continue our aggressive growth program with the opening of approximately 400-450 new or relocated stores. CVS has upside potential from the Revco and Arbor Drug acquisitions, completed in 1997 and 1998 respectively. CVS has innovative healthcare initiatives and is well-positioned to take advantage of the changing world of healthcare. CVS' balance sheet is healthy, with a debt to total capitalization ratio of approximately 21.8% (as of January 1, 2000). In 1999, CVS aggressively launched our specialty pharmacy business, CVS ProCare, and we already have a strong foothold in this $14 billion fast-growing segment of the pharmacy market.