On Canon lenses, a date code is simply the date a lens was manufactured. It takes the form XX#### where XX is a 2 letter code for the year, the next 2 digits are the month and the last 2 digits are some sort of internal code. Google for "Canon lens date code" and you'll find lots of hits. All things being equal, a lens mfg in 2007 (code UV) is preferable to a lens mfg in 1997 (code UL) because it will have all the current ECOs (engineering change orders) but all things aren't always equal. HTH