EXHIBIT 1 KMART CORPORATION 8 3/8% Notes Due 2004 UNDERWRITING AGREEMENT December 8, 1999 December 8, 1999 Morgan Stanley & Co. Incorporated Chase Securities Inc. As Representatives of the Underwriters c/o Morgan Stanley & Co. Incorporated 1585...Underwriting Agreement • December 17th, 1999 • Kmart Corp • Retail-variety stores • New York
