Bank of America and Caremark Rx, Inc. Introduce New Credit Card With Unique Pharmaceutical Rewards Program

Bank of America and Caremark Rx, Inc. have teamed to launch a ground-breaking credit card program offering cardholders incentives for managing their prescription drug costs. The new Caremark Visa(R) card with WorldPoints(TM), which will be available to Caremark customers later this year, features a rewards program that provides cardholders with reward points for making beneficial decisions related to their use of prescription medications, including choosing generic and preferred drugs.

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The no-annual-fee credit card offers numerous prescription drug-oriented reward opportunities and will be available to all individuals covered by a Caremark administered prescription drug plan or enrolled in one of Caremark's discount card programs.

In addition to earning reward points for retail purchases, cardholders will receive reward points each time they purchase a generic drug or a preferred brand prescribed drug, as determined by the cardholder's pharmacy benefit plan drug list or formulary. Points also will be awarded to cardholders who refill existing prescription orders using cost saving technology such as Caremark's internet Web site or automated phone system. In addition, cardholders will receive reward points for registering on http://www.caremark.com or updating an existing profile on Caremark.com with their credit card account number.

The points can be redeemed through Bank of America's robust WorldPoints program for merchandise, travel, and cash back. Caremark and Bank of America plan to introduce additional pharmaceutical-focused reward opportunities over time.

"We are extremely pleased that Bank of America shares our vision and desire to reward consumers for managing the cost and quality of their prescriptions and pharmaceutical needs," said Mac Crawford, Caremark Chairman, President and Chief Executive Officer. "We think the new Caremark credit card represents an excellent way for plan sponsors to encourage their members to choose clinically appropriate and cost-effective prescription drugs. This card program also adds to the extensive array of tools and services that Caremark offers to help consumers take greater responsibility for managing their pharmaceutical costs. We look forward to working with our clients to build enrollment for this strategic program."

According to Bruce Hammonds, president, Bank of America Card Services, "We are very focused on the healthcare sector and are particularly committed to providing creative solutions that drive beneficial consumer behaviors. This program demonstrates the innovation that Bank of America brings to the health care arena."

For additional information about the Caremark Visa credit card program, visit http://www.caremark.com or call Bank of America at (888) 229-4111.

About Caremark Rx, Inc.

Caremark Rx, Inc. is a leading pharmaceutical services company, providing through its affiliates comprehensive drug benefit services to health plan sponsors and their plan participants throughout the U.S. The company's clients include corporate health plans, managed care organizations, insurance companies, unions, government agencies and other funded benefit plans. In addition, Caremark is a national provider of drug benefits to eligible beneficiaries under the Medicare Part D program. The company operates a national retail pharmacy network with over 60,000 participating pharmacies, seven mail service pharmacies, the industry's only FDA-regulated repackaging plant and 21 licensed specialty pharmacies for delivery of advanced medications to individuals with chronic or genetic diseases and disorders.

Additional information about Caremark is available at http://www.caremark.com and in the company's Forms 10-K, 10-Q and other SEC filings.

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 20 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

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