Exhibit 12.01

Corning Incorporated and Subsidiary Companies

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

(Dollars in millions, except ratios)

		Fiscal Year Ended
		Dec. 31, 2000			Dec. 31, 1999			Dec. 31, 1998			Dec. 31, 1997			Dec. 31, 1996
Income from continuing operations before taxes on income		$	691.4		$	674.9		$	482.3		$	665.8		$	519.1
Adjustments:
	Distributed income of equity investees		44.7			50.9			63.4			65.4			88.2
	Amortization of capitalized interest		10.8			13.8			13.6			12.5			10.3
	Fixed charges net of capitalized interest		134.3			118.5			89.6			102.0			79.3
Earnings before taxes and fixed charges as adjusted		$	881.2		$	858.1		$	648.9		$	845.7		$	696.9
Fixed charges:
	Interest incurred	$	163.1		$	134.5		$	113.6		$	107.7		$	79.4
	Portion of rent expense which represents interest factor		24.0			21.4			19.4			17.2			13.7
	Amortization of debt costs		3.7			3.9			3.4			1.8			2.6
Total fixed charges			190.8			159.8			136.4			126.7			95.7
Capitalized interest			(56.5	)		(41.3	)		(46.8	)		(24.7	)		(16.4	)
Total fixed charges net of capitalized interest		$	134.3		$	118.5		$	89.6		$	102.0		$	79.3
Preferred dividends:
	Preferred dividend requirement	$	0.8		$	3.5		$	15.3		$	15.3		$	15.7
	Ratio of pre-tax income to income before minority interest and equity earnings		2.4			1.4			1.4			1.5			1.5
	Pre-tax preferred dividend requirement		1.9			4.9			21.4			23.0			23.6
Total fixed charges			190.8			159.8			136.4			126.7			95.7
Fixed charges and pre-tax preferred dividend requirement		$	192.7		$	164.7		$	157.8		$	149.7		$	119.3
Ratio of earnings to combined fixed charges and preferred dividends			4.6	x		5.2	x		4.1	x		5.6	x		5.8	x
Ratio of earnings to fixed charges			4.6	x		5.4	x		4.8	x		6.7	x		7.3	x