PRICING SUPPLEMENT NO. 1 Rule 424(b)(2) (To Prospectus dated June 25, 1998 and Prospectus File No. 33-49285 Supplement dated July 30, 1999) EASTMAN KODAK COMPANY Medium-Term Notes, Series A Fixed Rate Notes Due 9 months or More from Date of Issue Principal amount: $ 150,000,000 Issue date: August 12, 1999 Stated maturity: August 15, 2001 Interest rate: 6.50% Interest payment dates: February 15 and August 15 Issue price: 99.843% Agents: Lehman Brothers Inc. Credit Suisse First Boston Corporation Goldman, Sachs & Co. Agents' discount or commission: .250% CUSIP number: 27746QAA2 Redemption: X We cannot redeem this note prior to maturity __ We can redeem this note prior to maturity redemption date redemption price --------------- ---------------- Optional repayment: X You cannot elect to have this note repaid prior to maturity __ You can elect to have this note repaid prior to maturity repayment date repayment price -------------- --------------- Original Issue Discount note: __ Yes X No Total amount of original issue discount: Yield to maturity: Initial accrual period original issue discount: Amortizing note: __ Yes X No Optional Interest Rate Reset: __ Yes X No Extension of Maturity: __ Yes X No Other terms: If the notes are amortizing notes or the notes have an optional interest rate reset or the possibility of an extension of maturity, or if there are other additional features of these notes that have not been described, we will provide additional information below. We registered $1,000,000,000 worth of notes. So far, we have issued $150,000,000, including the notes in this pricing supplement. The date of this pricing supplement is August 9, 1999.