March 22, 2001

Dear Shareholder:

You are cordially invited to attend our Annual Meeting of Shareholders on Wednesday, May 9, 2001, at 10:00 AM, at the E.M.Pearson Theatre at Concordia University, 312 North Hamline Avenue, St.Paul, MN 55104. You will be asked to vote on three proposals. We will also review Kodak’s performance and answer your questions.

You may vote by internet, telephone, written proxy, or written ballot at the Meeting. We encourage you to use the internet; it is the most cost-effective way to vote.

We look forward to seeing you on May 9 and would like to take this opportunity to remind you that your vote is very important.

Sincerely,

Daniel A. Carp
Chairman of the Board