In this paper we attempt to give a systematic account on privileged coordinates and the nilpotent approximation of Carnot manifolds. By a Carnot manifold it is meant a manifold with a distinguished filtration of subbundles of the tangent bundle which is compatible with the Lie bracket of vector fields. This paper lies down the background for its sequel by clarifying a few points on privileged coordinates and the nilpotent approximation of Carnot manifolds. In particular, we give a description of all the systems of privileged coordinates at a given point. We also give an algebraic characterization of all nilpotent groups that appear as the nilpotent approximation at a given point. In fact, given a nilpotent group $G$ satisfying this algebraic characterization, we exhibit all the changes of variables that transform a given system of privileged coordinates into another system of privileged coordinates in which the nilpotent approximation is given by $G$.
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