Item 15(c) Exhibit 12

Corning Incorporated and Subsidiary Companies

Computation of Ratio of Earnings (Losses) to Combined Fixed Charges and Preferred Dividends:

(In millions, except ratios)

	Fiscal Years ended December 31,
	2007			2006			2005			2004			2003
Income (loss) from continuing operations before taxes on income	$	1,291		$	961		$	559		$	(1,604	)	$	(876	)
Adjustments:
Distributed income of equity investees		490			363			302			139			112
Amortization of capitalized interest		3			4			4			5			6
Fixed charges net of capitalized interest		104			97			130			151			171
Earnings (loss) before taxes and fixed charges as adjusted	$	1,888		$	1,425		$	995		$	(1,309	)	$	(587	)
Fixed charges:
Interest incurred	$	96		$	107		$	132		$	151		$	153
Portion of rent expense which represents an appropriate interest factor		25			25			22			18			22
Amortization of debt costs		2			2			3			4			5
Total fixed charges		123			134			157			173			180
Capitalized interest		(19	)		(37	)		(27	)		(22	)		(9	)
Total fixed charges net of capitalized interest	$	104		$	97		$	130		$	151		$	171
Total fixed charges	$	123		$	134		$	157		$	173		$	180
Fixed charges and pre-tax preferred dividend requirement	$	123		$	134		$	157		$	173		$	180
Ratio of earnings to fixed charges		15.3x			10.6x			6.3x			*			*
Ratio of earnings to combined fixed charges and preferred dividends		15.3x			10.6x			6.3x			*			*

* Loss before taxes and fixed charges as adjusted were inadequate to cover total fixed charges by approximately $1,458 million and $650 million and inadequate to cover fixed charges and pre-tax preferred dividend requirement by approximately $1,458 million, $650 million at December 31, 2004, and 2003 respectively.

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