Issuer:

Corning Incorporated

Security:

7.250% Notes due 2036

Size:

$250,000,000

Maturity Date:

August 15, 2036

Coupon:

7.250%

Interest Payment Dates:

February 15 and August 15, commencing February 15, 2007

Price to Public:

99.437%

Spread to Benchmark Treasury:

+ 212.5 bp

Benchmark Treasury:

5.375% due February 15, 2031

Benchmark Treasury Yield:

5.171%

Optional Redemption:

Prior to August 15, 2026, the Notes will be redeemable in whole at any time or in part from time to time, at the option of the Company, at a redemption price equal to the greater of (i) 100% of the principal amount of the notes to be redeemed; or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on the notes to be redeemed (exclusive of interest accrued to the date of redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus 35 basis points. In addition, beginning on August 15, 2026, the notes will be redeemable in whole or in part on any interest payment date, at the Company’s option, at a redemption price equal to 100% of the principal amount of the notes to be redeemed. In each case, the Company will pay accrued and unpaid interest on the principal amount to be redeemed to the date of redemption.

Call Notification Period

At least 30, but not more than 60 calendar days

Expected Settlement Date:

August 1, 2006

CUSIP:

219350 AR 6

ISIN

US219350AR68

Anticipated Ratings:

Baa2 by Moody’s Investors Service, Inc.
BBB by Standard & Poor’s Ratings Services
BBB by Fitch Ratings

Underwriter:

Citigroup Global Markets Inc.