6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2008

Commission File Number 001-31269

ALCON, INC.

(Translation of registrant's name into English)

Bösch 69

P.O. Box 62

6331 Hünenberg, Switzerland

41-41-785-8888

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b) (7): ____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes No x

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ______

Attached as Exhibit 99.1 is the Press Release issued by Alcon, Inc. on February 6, 2008.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

			Alcon, Inc.
			(Registrant)
Date	February 7, 2007	By	/s/ Joanne Beck
			Name: Joanne Beck
			Title: General Manager
Date	February 7, 2007	By	/s/ Stefan Basler
			Name: Stefan Basler
			Title: Attorney-in-Fact

EX-99.1

Exhibit 99.1

Alcon’s Fourth Quarter Sales Rise 20.0 Percent

HUNENBERG, Switzerland – February 6, 2008 – Alcon, Inc. (NYSE:ACL) reported global sales of $1,469.7 million for the fourth quarter of 2007, an increase of 20.0 percent over global sales for the fourth quarter of 2006, or 12.8 percent excluding the impact of foreign exchange fluctuations and the acquisition of WaveLight AG, a leading manufacturer of refractive lasers. Sales in the fourth quarter of 2007 included $15.1 million of sales related to WaveLight products since Alcon’s acquisition of 77.4 percent of WaveLight’s outstanding shares completed on November 9, 2007. Net earnings for the fourth quarter of 2007 were $376.5 million, or $1.25 per share on a diluted basis, compared to $354.7 million, or $1.16 per diluted share for the fourth quarter of 2006. Adjusted net earnings for the fourth quarter of 2007, which exclude a $16.8 million after-tax loss related to the WaveLight acquisition and refractive integration, were $393.3 million, or $1.31 per diluted share, an increase of 10.9 percent over net earnings for the fourth quarter of 2006.

For the full year 2007, Alcon reported global sales of $5,599.6 million, an increase of 14.4 percent over 2006 global sales of $4,896.6 million, or 10.7 percent excluding the impact of foreign exchange fluctuations and WaveLight revenues. Net earnings for 2007 were $1,586.4 million, or $5.25 per share on a diluted basis, compared to $1,348.1 million, or $4.37 per share for the full year 2006, an increase of 17.7 percent.

For the full year 2006, excluding the impacts of the settlement of certain patent lawsuits with a competitor and charges related to the impairment of the company’s refractive assets, adjusted net earnings were $1,342.6 million, or $4.35 per diluted share in 2006. For the full year 2007, excluding the impacts of the WaveLight acquisition and refractive integration and charges related to the impairment of the company’s refractive assets, adjusted net earnings were $1,627.4 million, or $5.39 per diluted share, an increase of 21.2 percent over 2006.

Reconciliations of reported and adjusted results for the fourth quarter and full year are included in the financial tables below.

“I am extremely pleased with our results for 2007, because they validate the strength of our business and financial model. They reflect our ability to take advantage of our established global organization to drive market share gains with our leading brands and with new products in both developed and less-developed markets. Combining this capability with the positive market environment for eye care, we expect to continue to deliver strong sales growth and even faster earnings growth, as we have since our IPO,” said Cary Rayment, Alcon’s chairman, president and chief executive officer.

-more-

Fourth Quarter Sales Highlights

Highlights of sales for the fourth quarter of 2007 are provided below. Unless otherwise noted, all comparisons are versus the fourth quarter of 2006.

 

Ø Pharmaceutical sales grew 21.5 percent to $578.2 million, or 16.4 percent on a constant currency basis. Sales of glaucoma products increased 28.3 percent to $236.5 million, led by sales of the Travatan^® family of ophthalmic solutions and Azopt^® ophthalmic suspension. Sales of Travatan^® products increased 38.7 percent due to market share gains in the U.S. for Travatan Z^® ophthalmic solution, the Japanese launch of TRAVATANZ^TM ophthalmic solution and higher international sales of DuoTrav^TM ophthalmic solution. Sales of Azopt^® ophthalmic suspension rose 27.1 percent this quarter. Sales of anti-infective and anti-inflammatory products rose 16.3 percent to $212.3 million. The three key brands in this category, Vigamox^® ophthalmic solution, Tobradex^® ophthalmic suspension, and Nevanac^®ophthalmic suspension, all posted growth rates in excess of 14.0 percent. Sales of allergy products grew by 30.7 percent to $91.1 million primarily because of market share gains in the U.S. resulting from the 2007 introduction of Pataday^TM ophthalmic solution. Otic product sales grew by 29.2 percent to $50.9 million led by U.S. market share gains of CiproDex^® Otic suspension. U.S. pharmaceutical growth was impacted favorably by growth in wholesaler inventories due to relatively lower wholesaler/retailer inventory levels at the end of the third quarter of 2007.

   

Ø Surgical sales grew 20.3 percent to $700.8 million, or 13.6 percent on a constant currency basis. Surgical sales include $15.1 million generated by WaveLight AG in the period after the acquisition. Sales of intraocular lenses increased 24.3 percent to $259.3 million. In terms of units, AcrySof^® intraocular lenses grew 14.5 percent, well in excess of the growth rate of cataract procedures. Dollar growth in intraocular lenses was higher than unit growth because of currency and continued migration to higher performance products such as AcrySof^® Natural and AcrySof^® IQ intraocular lenses outside the United States. In addition, sales of premium intraocular lenses, which include the AcrySof^® ReSTOR^® Aspheric intraocular lens and the AcrySof^® Toric intraocular lens, grew 45.6 percent globally to $40.4 million. Sales of cataract and vitreoretinal products grew 16.1 percent to $420.1 million, including global sales of the Infiniti^® vision system, viscoelastics, procedure packs and disposables. Unit shipments of the Infiniti^® vision system grew more than 20 percent in the quarter, supported by growing demand for the OZil^® torsional handpiece. Refractive revenue increased 75.4 percent due to revenues generated by WaveLight AG after the acquisition, offset in part by declines in procedure revenue generated from the installed base of LADAR^® excimer lasers.

   

Ø Consumer eye care sales increased 14.5 percent to $190.7 million, or 8.9 percent on a constant currency basis. Sales of contact lens disinfectants grew 13.6 percent to $104.7 million, because of share gains for OPTI-FREE^® RepleniSH^® and OPTI-FREE^® EXPRESS^® multi-purpose disinfecting solutions on a global basis. According to A.C. Nielsen Top Line, on a combined basis, these two leading brands accounted for 49.8 percent of the U.S. market for branded contact lens disinfectants in the four week period ending December 22, 2007, approximately 3.5 percentage points greater than in the same four week period in the prior year. Demand for these solutions also continued to grow outside the United States, which translated to market share gains in many countries. Sales of artificial tears increased 25.5 percent to $61.1 million, led by continued global growth of Systane^® lubricant eye drops.

 

-more-

Fourth Quarter Earnings Details

Highlights of earnings for the fourth quarter of 2007 are provided below. Unless otherwise noted, all comparisons are versus the fourth quarter of 2006. Comparisons are also made between non-GAAP adjusted results for the fourth quarter of 2007, excluding the impact of the acquisition of WaveLight AG and refractive integration, and the results for the fourth quarter of 2006. These adjustments are discussed above and also are reconciled to reported results in the financial tables below.

Ø Gross profit margin declined 0.8 percentage points to 74.7 percent of sales. On an adjusted basis, this decline was 0.1 percentage point, driven mainly by unfavorable geographic mix and reimbursement pressures on a global basis that offset favorable product mix and manufacturing efficiencies.

 

Ø Selling, general and administrative expenses were 30.0 percent of sales. Adjusted SG&A expenses were 29.8 percent of sales, an improvement of 1.7 percentage points that came from operating synergies from the company’s global operations and because exchange fluctuations had a greater impact on sales than on SG&A expenses.

   

Ø Research and development expenses were 10.9 percent of sales. Adjusted R&D expenses were 10.7 percent of sales, a decline of 0.3 percentage points from the same period of the prior year, as the impact of foreign exchange caused sales to grow faster than R&D expenses, which are incurred mainly in U.S. dollars.

   

Ø Operating income increased 21.5 percent to $477.4 million. Adjusted operating income increased 26.9 percent to $498.5. This growth was due to double-digit sales growth, focused expense control and lower intangible amortization, as well as the exchange impact discussed above.

   

Ø Non-operating income net of expenses declined from $18.6 million to $2.0 million, primarily due to realized and unrealized losses on investments and higher interest expense related to the company’s share repurchase program.

   

Ø The effective tax rate was 21.5 percent. On an adjusted basis, the effective tax rate was 21.4 percent, compared to 13.8 percent in the fourth quarter of 2006. The tax rate in the fourth quarter of 2007 included a modest shift in the geographical earnings mix and tax expenses related to reserve adjustments to reflect developments in ongoing audits. The tax rate in the fourth quarter of 2006 reflected a significant decrease in tax expense because of the retroactive extension of the research and development tax credit in the United States.

 

-more-

New Product and R&D Pipeline Update

Summarized below are updates on selected new products and significant research and development activities.

Ø The U.S. Food and Drug Administration (“FDA”) approved TRIESENCE^TM injectable triamcinolone suspension for visualization of the vitreous during vitrectomy and treatment of sympathetic ophthalmia, temporal arteritis, uveitis, and ocular inflammatory conditions that are unresponsive to topical corticosteroids.

Ø The FDA approved the PUREPOINT^TM laser for retinal photocoagulation.

Ø Alcon received the final approval of Nevanac^® from the European Medicines Evaluation Agency (“EMEA”) in December.

 

Ø The company filed a marketing application with EMEA for AZARGA^TM ophthalmic pharmaceutical preparation. AZARGA^TM is a fixed combination of brinzolamide and timolol for the treatment of elevated intraocular pressure in patients with ocular hypertension or open-angle glaucoma.

 

Financial Guidance

Alcon’s current financial guidance for the full year 2008 and the factors impacting this guidance are provided below.

Ø Total sales are expected to be between $6,175 and $6,275 million.

Ø Diluted earnings per share are expected to be between $6.24 and $6.30. This range includes SG&A expenses related to the expansion and relocation of the company’s Swiss operations and integration expenses related to the company’s refractive surgery manufacturing and other operations, which will be booked to cost of goods sold.

Other Items

Ø On November 9, 2007, Alcon acquired 77.4% of the shares of WaveLight AG through a tender offer for this leading manufacturer of refractive lasers.

Ø Alcon’s board of directors approved a $1.1 billion share repurchase program on December 5, 2007. The program included a three for one pro-rata purchase of shares from the company’s majority shareholder, Nestle SA.

Ø Alcon’s board of directors will propose to shareholders a dividend of 2.63 Swiss francs per share, which at exchange rates effective on February 6, 2008 was equal to about $2.39 per share. The proposal will be voted on at the company’s Annual General Meeting for shareholders on May 6, 2008 in Zug, Switzerland.

Ø Alcon’s board of directors also will propose to shareholders at the Annual General Meeting that the company cancel 7.7 million Alcon common shares, which were repurchased in 2007. The cancellation will become effective after the fulfillment of certain formal Swiss law requirements.

Ø Mr. Joe Weller advised the Board of Directors of Alcon, Inc. that he will be stepping down from his position as director of Alcon for personal reasons, effective May 6, 2008. Mr. Weller has been a director of Alcon since May, 2006 and has contributed greatly to Alcon’s business and financial success during the past two years. Alcon extends its thanks and appreciation to Mr. Weller for his contributions to the Company and wishes him every success in his future endeavors.

-more-

ALCON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings (Unaudited)

(USD in millions, except share and per share data)

	Three months ended						Twelve months ended
	Dec 31,						Dec 31,
		2007			2006			2007			2006
Sales	$	1,469.7		$	1,224.9		$	5,599.6		$	4,896.6
Cost of goods sold		371.3			300.2			1,398.2			1,215.1
Gross profit		1,098.4			924.7			4,201.4			3,681.5
Selling, general and administrative		441.6			385.9			1,694.0			1,398.5
Research and development		160.0			134.5			564.3			512.1
In process research and development		9.3			--			9.3			--
Amortization of intangibles		10.1			11.4			50.7			198.8
Operating income		477.4			392.9			1,883.1			1,572.1
Other income (expense):
Gain (loss) from foreign currency, net		2.6			2.2			11.2			(7.9	)
Interest income		23.5			18.2			69.3			74.1
Interest expense		(19.3	)		(10.0	)		(50.0	)		(42.6	)
Other, net		(4.8	)		8.2			15.4			21.2
Earnings before income taxes		479.4			411.5			1,929.0			1,616.9
Income taxes		102.9			56.8			342.6			268.8
Net earnings	$	376.5		$	354.7		$	1,586.4		$	1,348.1
Basic earnings per common share	$	1.27		$	1.17		$	5.32		$	4.43
Diluted earnings per common share	$	1.25		$	1.16		$	5.25		$	4.37
Basic weighted average common shares	297,619,875			302,000,977			298,353,894			304,279,489
Diluted weighted average common shares	301,284,135			305,934,140			302,162,019			308,671,707

ALCON, INC. AND SUBSIDIARIES

Global Sales

(USD in millions)

	Three months ended								Foreign		%Change in
	Dec 31,								Currency		Constant
	2007			2006			%Change		%Change		Currency
GEOGRAPHIC SALES
United States:
Pharmaceutical	$	296.8		$	255.3		16.3	%	-	%	16.3	%
Surgical		265.1			243.6		8.8		-		8.8
Consumer Eye Care		85.3			79.3		7.6		-		7.6
Total United States Sales		647.2			578.2		11.9		-		11.9
International:
Pharmaceutical		281.4			220.6		27.6		11.1		16.5
Surgical		435.7			338.9		28.6		11.6		17.0
Consumer Eye Care		105.4			87.2		20.9		10.7		10.2
Total International Sales		822.5			646.7		27.2		11.3		15.9
Total Global Sales	$	1,469.7		$	1,224.9		20.0	%	6.0	%	14.0	%
PRODUCT SALES
Infection/inflammation		212.3			182.6		16.3	%
Glaucoma		236.5			184.4		28.3
Allergy		91.1			69.7		30.7
Otic		50.9			39.4		29.2
Other pharmaceuticals/rebates		(12.6	)		(0.2	)	N/M
Total Pharmaceutical		578.2			475.9		21.5		5.1	%	16.4	%
Intraocular lenses		259.3			208.6		24.3
Cataract/vitreoretinal		420.1			361.7		16.1
Refractive		21.4			12.2		75.4
Total Surgical		700.8			582.5		20.3		6.7		13.6
Contact lens disinfectants		104.7			92.2		13.6
Artificial tears		61.1			48.7		25.5
Other		24.9			25.6		(2.7	)
Total Consumer Eye Care		190.7			166.5		14.5		5.6		8.9
Total Global Sales		1,469.7			1,224.9		20.0	%	6.0	%	14.0	%

N/M - Not Meaningful

Note: Percent Change in Constant Currency calculates sales growth without the impact of foreign exchange fluctuations. Management believes constant currency sales growth is an important measure of the company’s operations because it provides investors with a clearer picture of the core rate of sales growth due to changes in unit volumes and local currency prices. This measure is considered a non-GAAP financial measure as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. Certain reclassifications have been made to prior year amounts to conform with current year presentation.

ALCON, INC. AND SUBSIDIARIES

Global Sales

(USD in millions)

	Twelve months ended								Foreign		%Change in
	Dec 31,								Currency		Constant
	2007			2006			%Change		%Change		Currency
GEOGRAPHIC SALES
United States:
Pharmaceutical	$	1,279.5		$	1,170.6		9.3	%	-	%	9.3	%
Surgical		1,011.8			950.4		6.5		-		6.5
Consumer Eye Care		381.2			342.7		11.2		-		11.2
Total United States Sales		2,672.5			2,463.7		8.5		-		8.5
International:
Pharmaceutical		1,034.3			836.6		23.6		7.1		16.5
Surgical		1,488.0			1,253.4		18.7		6.8		11.9
Consumer Eye Care		404.8			342.9		18.1		6.4		11.7
Total International Sales		2,927.1			2,432.9		20.3		6.8		13.5
Total Global Sales	$	5,599.6		$	4,896.6		14.4	%	3.4	%	11.0	%
PRODUCT SALES
Infection/inflammation		814.5			730.2		11.5	%
Glaucoma		830.1			693.8		19.6
Allergy		446.8			386.6		15.6
Otic		257.0			237.0		8.4
Other pharmaceuticals/rebates		(34.6	)		(40.4	)	N/M
Total Pharmaceutical		2,313.8			2,007.2		15.3		3.0	%	12.3	%
Intraocular lenses		919.4			794.4		15.7
Cataract/vitreoretinal		1,528.8			1,357.7		12.6
Refractive		51.6			51.7		(0.2	)
Total Surgical		2,499.8			2,203.8		13.4		3.8		9.6
Contact lens disinfectants		440.2			370.6		18.8
Artificial tears		233.2			200.4		16.4
Other		112.6			114.6		(1.7	)
Total Consumer Eye Care		786.0			685.6		14.6		3.1		11.5
Total Global Sales		5,599.6			4,896.6		14.4	%	3.4	%	11.0	%

N/M - Not Meaningful

Note: Percent Change in Constant Currency calculates sales growth without the impact of foreign exchange fluctuations. Management believes constant currency sales growth is an important measure of the company’s operations because it provides investors with a clearer picture of the core rate of sales growth due to changes in unit volumes and local currency prices. This measure is considered a non-GAAP financial measure as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. Certain reclassifications have been made to prior year amounts to conform with current year presentation.

ALCON, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets (Unaudited)

(USD in millions)

		Dec. 31,			Dec. 31,
		2007			2006
Assets
Current assets:
Cash and cash equivalents	$	2,134.3		$	1,489.2
Short term investments		669.8			321.0
Trade receivables, net		1,089.2			912.8
Inventories		548.5			473.8
Deferred income tax assets		89.3			122.5
Other current assets		293.7			142.8
Total current assets		4,824.8			3,462.1
Long term investments		41.8			91.1
Property, plant and equipment, net		1,030.0			920.7
Intangible assets, net		89.6			95.2
Goodwill		626.0			553.2
Long term deferred income tax assets		322.1			235.7
Other assets		81.3			69.3
Total assets	$	7,015.6		$	5,427.3
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable	$	208.7		$	168.9
Short term borrowings		1,751.1			926.5
Current maturities of long term debt		1.3			5.8
Other current liabilities		901.1			899.9
Total current liabilities		2,862.2			2,001.1
Long term debt, net of current maturities		52.2			49.0
Long term deferred income tax liabilities		23.9			10.1
Other long term liabilities		702.6			453.5
Contingencies
Shareholders’ equity:
Common shares		43.1			43.9
Additional paid-in capital		1,299.8			1,064.5
Accumulated other comprehensive income		203.0			127.3
Retained earnings		3,392.2			3,201.9
Treasury shares, at cost		(1,563.4	)		(1,524.0	)
Total shareholders' equity		3,374.7			2,913.6
Total liabilities and shareholders' equity	$	7,015.6		$	5,427.3

ALCON, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Cash Flows (Unaudited)

(USD in millions)

	Twelve months ended December 31,
		2007			2006
Cash provided by (used in) operating activities:
Net earnings	$	1,586.4		$	1,348.1
Adjustments to reconcile net earnings to cash provided from operating activities:
Depreciation		159.7			158.5
Amortization of intangibles		50.7			198.8
In process research and development		9.3			--
Share-based payments		84.7			81.2
Tax benefit from share-based compensation		15.6			--
Deferred income taxes		(26.3	)		(105.9	)
Loss (gain) on sale of assets		(11.7	)		2.6
Provisions for losses		--			(120.3	)
Changes in operating assets and liabilities, net of effects from business acquisition:
Trading securities		(405.1	)		74.0
Trade receivables		(95.1	)		(148.7	)
Inventories		3.4			(11.5	)
Other assets		(129.4	)		(5.7	)
Accounts payable and other current liabilities		110.4			(93.9	)
Other long term liabilities		116.9			28.7
Net cash from operating activities		1,469.5			1,405.9
Cash provided by (used in) investing activities:
Purchases of property, plant and equipment		(227.2	)		(222.3	)
Proceeds from sale of assets		3.1			1.5
Acquisition of business, net of cash acquired		(111.5	)		--
Purchase of intangible assets		(0.1	)		--
Purchase of available-for-sale investments		(36.6	)		(371.0	)
Proceeds from sales of available-for-sale investments		145.2			425.7
Net cash from investing activities		(227.1	)		(166.1	)
Cash provided by (used in) financing activities:
Net proceeds from (repayment of) short term debt		729.4			(108.3	)
Proceeds from issuance of long term debt		1.3			--
Repayment of long term debt		(6.1	)		(6.3	)
Dividends on common shares		(612.8	)		(416.8	)
Acquisition of treasury shares		(1,003.4	)		(899.2	)
Proceeds from exercise of stock options		189.8			109.8
Tax benefits from share-based payment arrangements		95.2			96.1
Net cash from financing activities		(606.6	)		(1,224.7	)
Effect of exchange rates on cash and cash equivalents		9.3			16.9
Net increase in cash and cash equivalents		645.1			32.0
Cash and cash equivalents, beginning of period		1,489.2			1,457.2
Cash and cash equivalents, end of period	$	2,134.3		$	1,489.2

ALCON, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Disclosures (Unaudited)

(USD in millions, except per share data)

	Year ended December 31, 2007 (1)
				Non-GAAP Adjustments
		Reported			Refractive Impairment			WaveLight Acquisition & Refractive Integration			Non-GAAP Adjusted
Sales	$	5,599.6		$	--		$	(15.1	)	$	5,584.5
Cost of goods sold		1,398.2			(24.0	)		(16.4	)		1,357.8
Gross profit		4,201.4			24.0			1.3			4,226.7
Selling, general and administrative		1,694.0			--			(7.9	)		1,686.1
Research and development		564.3			--			(6.4	)		557.9
In process research and development		9.3			--			(9.3	)		--
Amortization of intangibles		50.7			(8.7	)		(1.5	)		40.5
Operating income		1,883.1			32.7			26.4			1,942.2
Other income (expense):
Gain (loss) from foreign currency, net		11.2			--			--			11.2
Interest income		69.3			--			--			69.3
Interest expense		(50.0	)		--			--			(50.0	)
Other, net		15.4			--			--			15.4
Earnings before income taxes		1,929.0			32.7			26.4			1,988.1
Income Taxes		342.6			11.9			6.2			360.7
Net Earnings	$	1,586.4		$	20.8		$	20.2		$	1,627.4
Diluted earnings per common share	$	5.25		$	0.07		$	0.07		$	5.39
Selected ratios as percent of sales
Gross profit		75.0	%								75.7	%
Selling, general and administrative		30.2									30.2
Operating income		33.6									34.8
Other selected financial ratios
% Operating Income Growth		19.8	%								21.5	%
% Net Earnings Growth		17.7									21.2

(1) The items above adjusted for charges related to impairment of certain refractive assets, the company’s refractive business integration, and the company’s revenues and expenses related to the acquisition of WaveLight, AG are considered non-GAAP financial measures as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. Alcon presents these non-GAAP measures to improve the comparability and consistency of financial results of Alcon's core business activities and to enhance the overall understanding of Alcon's performance and future prospects. Growth rates reflect performance versus the same period in the prior year. Revenues from WaveLight products reported above are not reflective of revenues that will be reported by WaveLight AG for the same period due to intercompany sales eliminations, currency fluctuations and other factors.

ALCON, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Disclosures (Unaudited)

(USD in millions, except per share data)

	Year ended December 31, 2006 (1)
				Non-GAAP Adjustments
		Reported			Patent Lawsuits Settlement			Refractive Impairment			Non-GAAP Adjusted
Sales	$	4,896.6		$	--		$	--		$	4,896.6
Cost of goods sold		1,215.1			--			(19.1	)		1,196.0
Gross profit		3,681.5			--			19.1			3,700.6
Selling, general and administrative		1,398.5			119.0			--			1,517.5
Research and development		512.1			--			--			512.1
Amortization of intangibles		198.8			--			(125.7	)		73.1
Operating income		1,572.1			(119.0	)		144.8			1,597.9
Other income (expense):
Gain (loss) from foreign currency, net		(7.9	)		--			--			(7.9	)
Interest income		74.1			--			--			74.1
Interest expense		(42.6	)		--			--			(42.6	)
Other, net		21.2			--			--			21.2
Earnings before income taxes		1,616.9			(119.0	)		144.8			1,642.7
Income taxes		268.8			(21.5	)		52.8			300.1
Net earnings	$	1,348.1		$	(97.5	)	$	92.0		$	1,342.6
Diluted earnings per common share	$	4.37		$	(0.32	)	$	0.30		$	4.35
Selected ratios as percent of sales
Selling, general and administrative		28.5	%								31.0	%
Operating income		32.1									32.6

(1) The items above adjusted for settlement of patent lawsuits and impairment charges of certain refractive assets are considered non-GAAP financial measures as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. Alcon presents these non-GAAP measures to improve the comparability and consistency of financial results of Alcon's core business activities and to enhance the overall understanding of Alcon's performance and future prospects. Growth rates reflect performance versus the same period in the prior year.

ALCON, INC. AND SUBSIDIARIES

Reconciliation of Non-GAAP Disclosures (Unaudited)

(USD in millions, except per share data)

	Three months ended December 31, 2007 (1)
				Non-GAAP Adjustments
		Reported			WaveLight Acquisition & Refractive Integration			Non-GAAP Adjusted
Sales	$	1,469.7		$	(15.1	)	$	1,454.6
Cost of goods sold		371.3			(13.2	)		358.1
Gross profit		1,098.4			(1.9	)		1,096.5
Selling, general and administrative		441.6			(7.9	)		433.7
Research and development		160.0			(4.3	)		155.7
In process research and development		9.3			(9.3	)		--
Amortization of intangibles		10.1			(1.5	)		8.6
Operating income		477.4			21.1			498.5
Other income (expense):
Gain (loss) from foreign currency, net		2.6			--			2.6
Interest income		23.5			--			23.5
Interest expense		(19.3	)		--			(19.3	)
Other, net		(4.8	)		--			(4.8	)
Earnings before income taxes		479.4			21.1			500.5
Income taxes		102.9			4.3			107.2
Net earnings	$	376.5		$	16.8		$	393.3
Diluted earnings per common share	$	1.25		$	0.06		$	1.31
Selected ratios as percent of sales
Gross Profit		74.7	%					75.4	%
Selling, general and administrative		30.0						29.8
Operating income		32.5						34.3

(1) The items above adjusted for charges related to impairment of certain refractive assets, the company’s refractive business integration, and the company’s revenues and expenses related to the acquisition of WaveLight, AG are considered non-GAAP financial measures as defined by Regulation G promulgated by the U.S. Securities and Exchange Commission. Alcon presents these non-GAAP measures to improve the comparability and consistency of financial results of Alcon's core business activities and to enhance the overall understanding of Alcon's performance and future prospects. Growth rates reflect performance versus the same period in the prior year. Revenues from WaveLight products reported above are not reflective of revenues that will be reported by WaveLight AG for the same period due to intercompany sales eliminations, currency fluctuations and other factors.

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements principally relate to statements regarding the expectations of our management with respect to the future performance of various aspects of our business. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by our forward-looking statements. Words such as "may," "will," "should," "could," "would," "expect," "plan," "anticipate," "believe," "hope," "intend," "estimate," "project," "predict," "potential" and similar expressions are intended to identify forward-looking statements. These statements reflect the views of our management as of the date of this press release with respect to future events and are based on assumptions and subject to risks and uncertainties and are not intended to give any assurance as to future results. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Factors that might cause future results to differ include, but are not limited to, the following: the development of commercially viable products may take longer and cost more than expected; changes in reimbursement procedures by third party payers may affect our sales and profits; competition may lead to worse than expected financial condition and results of operations; currency exchange rate fluctuations may negatively affect our financial condition and results of operations; pending or future litigation may negatively impact our financial condition and results of operations; litigation settlements may adversely impact our financial condition; the occurrence of excessive property and casualty, general liability or business interruption losses, for which we are self-insured, may adversely impact our financial condition; product recalls or withdrawals may negatively impact our financial condition or results of operations; government regulation or legislation may negatively impact our financial condition or results of operations; changes in tax laws or regulations in the jurisdictions in which we and our subsidiaries are subject to taxation may adversely impact our financial performance; supply and manufacturing disruptions could negatively impact our financial condition or results of operations. You should read this press release with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. Except to the extent required under the federal securities laws and the rules and regulations promulgated by the Securities and Exchange Commission, we undertake no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information or future events or circumstances or otherwise.

For more information, contact:

Doug MacHatton

Vice President, Investor Relations and Strategic Corporate Communications

Doug.machatton@alconlabs.com

817-551-8974

Matthew Head

Director, Investor Relations

Matthew.head@alconlabs.com

817-551-8550

www.alcon.com