CORNING INC /NY — Director's Dealing 2008

Apr 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CORNING INC /NY (GLW)
CIK: 0000024741
Period of Report: 2008-04-24

Reporting Person: HENNESSY JOHN M (Retired Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-24	Phantom Stock	$0	A	527.75	Acquired		Common Stock (527.75)	Direct
2008-04-24	Phantom Stock	$0	M	96527.14	Disposed		Common Stock (96527.14)	Direct

Footnotes

F2: Distribution of phantom stock units in cash under the Non-Employee Directors' Deferred Compensation Plan upon Mr. Hennessy's retirement as a Director of Corning.

F1: Phantom stock units convert to the cash value of the company's common stock on a one-for-one basis.