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Caremark Rx Scheduled to Speak at the Raymond James 23rd Annual Institutional Investors Conference on Wednesday, March 6, 2002

    BIRMINGHAM, Ala., March 1 /PRNewswire-FirstCall/ -- Caremark Rx, Inc.
(NYSE: CMX) today announced its intention to present at the upcoming Raymond
James Institutional Investors Conference.  The presentation is scheduled for
Wednesday, March 6, 2002, at the Hyatt Regency Grand Cypress in Orlando.  The
presentation audio will be webcast live through the Internet simultaneously.
The audio webcast information is as follows:

         Speaker:  Mac Crawford, Chairman and Chief Executive Officer
                       Date:  Wednesday, March 6, 2002
                          Time:  11:10 a.m. Eastern
  Webcast Location:  http://customer.nvglb.com/RaymondJames/Institutional /

    Listeners should go to this site at least 15 minutes before the event to
install any necessary software such as RealPlayer or Windows Media Player in
order to listen to the webcast.  The audio webcast will be archived and
available for 90 days by accessing the site above.
    Caremark is a leading pharmaceutical services company, providing
comprehensive drug benefit services to over 1,200 health plan sponsors and
holding contracts to serve approximately 24 million participants throughout
the U.S.  Caremark's clients include corporate health plans, managed care
organizations, insurance companies, unions, government agencies, and other
funded benefit plans.  The company operates a national retail pharmacy network
with over 50,000 participating pharmacies, three state-of-the-art mail service
pharmacies, the industry's only FDA-regulated repackaging plant and 17 JCAHO-
accredited specialty distribution mail service pharmacies for delivery of
advanced medications to individuals with chronic or genetic diseases and
disorders.

Additional information about Caremark Rx is available on the World Wide Web at
                             http://www.caremarkrx.com .



SOURCE Caremark Rx, Inc.




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Related links:
  • http://www.caremarkrx.com
    CONTACT:
    Investor Relations, Pete Clemens of Caremark
    Rx, Inc., +1-205-733-8996; or Media Inquiries, Cindy Martin,
    +1-312-640-6741, or Analyst Inquiries, Kathy Brunson,
    +1-312-640-6696, both of FRB Weber Shandwick