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CGS2339 ANNUITY CONTRACT NUMBER 5-17595 DISTRIBUTION 89 750-SCHNELLB 10/11/06

This is a summary of the annual report for CARESAVE 401(K) RETIREMENT SAVINGS PLAN EIN 63 1151076 for January 1, 2005, through December 31, 2005. The annual report has been filed with the Employee Benefits Security Administration, as required under the Employee Retirement Income Security Act of 1974 (ERISA).

Benefits under the plan are provided by a combination of funding arrangements. Plan expenses were $49,801,500. These expenses included $236,457 in administrative expenses and $49,089,440 in benefits paid to participants and beneficiaries, and $475,603 in other expenses. A total of 16,852 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of plan assets, after subtracting liabilities of the plan, was $392,221,796 as of December 31, 2005, compared to $184,388,577 as of January 1, 2005. During the plan year, the plan experienced an increase in its net assets of $207,833,219. This increase includes unrealized appreciation or depreciation in the value of the plan assets; that is, the difference between the value of plan's assets at the end of the year and the value of the assets at the beginning of the year or cost of assets acquired during the year. The plan had total income of $59,198,442, including employer contributions of $12,013,791, employee contributions of $25,484,677, gains of $602,209, from the sale of assets, and earnings from investments of $18,576,580.

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below are included in that report:

•An accountant's report

•Financial information and information on payments to service providers

•Assets held for investment

•Insurance information including sales commissions paid by insurance carriers

•Information regarding any common or collective trusts, pooled separate accounts;

•master trusts or 103-12 investment entities in which the plan participates

To obtain a copy of the full annual report, or any part thereof, write or call

CAREMARK RX, INC.

2211 SANDERS ROAD

NORTHBROOK, IL 60062-2

(847) 559-5445.

The charge to cover copying costs will be $1.00 for the full annual report, or $.10

per page for any part thereof.

CGS2339 ANNUITY CONTRACT NUMBER 5-17595 DISTRIBUTION 89 750-SCHNELLB 10/11/06

CGS2339 ANNUITY CONTRACT NUMBER 5-17595 DISTRIBUTION 89 750-SCHNELLB 10/11/06

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and accompanying notes will be included as part of that report. The charge to cover copying costs given above does not include a charge for the copying of these portions of the report because these portions are furnished without charge. You also have the legally protected right to examine the annual report at the main office of the plan

2211 SANDERS ROAD

NORTHBROOK, IL 60062-2

and at the U.S. Department of Labor in Washington, D.C., or to obtain a copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to: Public Disclosure Room, Room N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.

First published September 28, 2006

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