Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WEEKS WENDELL P
   2. Issuer Name and Ticker or Trading Symbol
CORNING INC /NY [GLW] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
ONE RIVERFRONT PLAZA		 3. Date of Earliest Transaction (Month/Day/Year)
08/02/2006
(Street)

CORNING, NY 14831		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/02/2006   M   50,000 A $ 9.38 696,304 D  
Common Stock 08/02/2006   S   50,000 D $ 17.91 646,304 D  
Common Stock 08/03/2006   M   86,338 A $ 9.38 732,642 D  
Common Stock 08/03/2006   S   86,338 D $ 18.0036 646,304 D  
Common Stock 08/03/2006   M   13,662 A $ 4.06 659,966 D  
Common Stock 08/03/2006   S   13,662 D $ 18.0036 646,304 D  
Common Stock 08/02/2006   M   1,338 A $ 9.38 31,200 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   3,331 A $ 9.95 34,531 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   5,684 A $ 7.74 40,215 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   8,333 A $ 4.06 48,548 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   8,333 A $ 3.8 56,881 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   8,334 A $ 4.15 65,215 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   4,500 A $ 11.21 69,715 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   2,250 A $ 10.4 71,965 (1) I HELD BY WIFE
Common Stock 08/02/2006   M   2,250 A $ 12.79 74,215 (1) I HELD BY WIFE
Common Stock 08/02/2006   S   44,353 D $ 17.98 29,862 (1) I HELD BY WIFE
Common Stock               10,506.24 I TRUSTEE U/EMPLOYEE BENEFIT PLAN
Common Stock               6,377.24 I HELD BY WIFE - EMP. BEN. PLAN

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to buy) $ 3.8             01/03/2004 01/02/2013 Common Stock 283,333   283,333 D  
Stock Options (Right to buy) $ 4.06 08/03/2006   M     13,662 12/04/2003 12/03/2012 Common Stock 13,662 $ 0 269,671 D  
Stock Options (Right to buy) $ 4.15             02/03/2004 02/02/2013 Common Stock 283,334   283,334 D  
Stock Options (Right to buy) $ 7.74             02/01/2003 01/31/2012 Common Stock 436,250   436,250 D  
Stock Options (Right to buy) $ 9.38 08/02/2006   M     50,000 02/01/2000 10/05/2008 Common Stock 50,000 $ 0 86,338 D  
Stock Options (Right to buy) $ 9.38 08/03/2006   M     86,338 02/01/2000 10/05/2008 Common Stock 86,338 $ 0 0 D  
Stock Options (Right to buy) $ 9.95             12/05/2002 12/04/2011 Common Stock 339,945   339,945 D  
Stock Options (Right to buy) $ 10.4             01/02/2006 01/01/2014 Common Stock 73,500   73,500 D  
Stock Options (Right to buy) $ 11.21             12/03/2004 12/02/2013 Common Stock 147,000   147,000 D  
Stock Options (Right to buy) $ 12.79             02/02/2007 02/01/2014 Common Stock 73,500   73,500 D  
Stock Options (Right to buy) $ 3.8 08/02/2006   M     8,333 01/03/2004 01/02/2013 Common Stock 8,333 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 4.06 08/02/2006   M     8,333 12/04/2003 12/03/2012 Common Stock 8,333 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 4.15 08/02/2006   M     8,334 02/03/2004 02/02/2013 Common Stock 8,334 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 7.74 08/02/2006   M     5,684 02/01/2003 01/31/2012 Common Stock 5,684 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 9.38 08/02/2006   M     1,338 02/01/2000 10/05/2008 Common Stock 1,338 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 9.95 08/02/2006   M     3,331 12/05/2002 12/04/2011 Common Stock 3,331 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 10.4 08/02/2006   M     2,250 01/02/2006 01/01/2014 Common Stock 2,250 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 11.21 08/02/2006   M     4,500 12/03/2004 12/02/2013 Common Stock 4,500 $ 0 0 (1) I HELD BY WIFE
Stock Options (Right to buy) $ 12.79 08/02/2006   M     2,250 02/02/2007 02/01/2014 Common Stock 2,250 $ 0 0 (1) I HELD BY WIFE

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WEEKS WENDELL P
ONE RIVERFRONT PLAZA
CORNING, NY 14831		   X     President & CEO  

Signatures

 Denise A. Hauselt, Power of Attorney   08/03/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Reporting Person disclaims beneficial ownership of all securities held by wife.

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