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,
	2008			2007			2006			2005			2004
Income (loss) from continuing operations before taxes on income	$	1,523		$	1,291		$	961		$	559		$	(1,604	)
Adjustments:
Distributed income of equity investees		546			490			363			302			139
Amortization of capitalized interest		1			3			4			4			5
Fixed charges net of capitalized interest		78			104			97			130			151
Earnings (loss) before taxes and fixed charges as adjusted	$	2,148		$	1,888		$	1,425		$	995		$	(1,309	)
Fixed charges:
Interest incurred	$	88		$	96		$	107		$	132		$	151
Portion of rent expense which represents an appropriate interest factor		19			25			25			22			18
Amortization of debt costs		2			2			2			3			4
Total fixed charges		109			123			134			157			173
Capitalized interest		(31	)		(19	)		(37	)		(27	)		(22	)
Total fixed charges net of capitalized interest	$	78		$	104		$	97		$	130		$	151
Total fixed charges	$	109		$	123		$	134		$	157		$	173
Fixed charges and pre-tax preferred dividend requirement	$	109		$	123		$	134		$	157		$	173
Ratio of earnings to fixed charges		19.7x			15.3x			10.6x			6.3x			*
Ratio of earnings to combined fixed charges and preferred dividends		19.7x			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 inadequate to cover fixed charges and pre-tax preferred dividend requirement by approximately $1,458 million at December 31, 2004.

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