CORNING INC /NY — Director's Dealing 2004

Jul 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2004-07-26

Reporting Person: SCHNEIDER PAMELA C (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-26	Common Stock	M	27778	$4.15	Acquired	127142.47	Direct
2004-07-26	Common Stock	M	27778	$3.80	Acquired	154920.47	Direct
2004-07-26	Common Stock	M	27778	$4.06	Acquired	182698.47	Direct
2004-07-26	Common Stock	S	12000	$11.91	Disposed	170698.47	Direct
2004-07-26	Common Stock	S	71334	$11.90	Disposed	99364.47	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-26	Stock Options (Right to buy)	$3.80	M	27778	Disposed	2013-01-02	Common Stock (27778)	Direct
2004-07-26	Stock Options (Right to buy)	$4.06	M	27778	Disposed	2012-12-03	Common Stock (27778)	Direct
2004-07-26	Stock Options (Right to buy)	$4.15	M	27778	Disposed	2013-02-02	Common Stock (27778)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1266	Indirect
Common Stock	7300.96	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of all securities held by spouse.