CORNING NATURAL GAS CORPORATION AND SUBSIDIARY
Consolidated Statements of Stockholders' Equity
For the Years Ended September 30, 2000 and 1999
				Accumulated
		Additional		Other
	Common	Paid in	Retained	Comprehensive
	Stock	Capital	Earnings	Income		Total
Balances at September 30, 1998	$2,300,000	$653,346	$2,403,489	$39,644		$5,396,479
Comprehensive Income:
Change in unrealized gain on
securities available for sale, net of
income taxes of $13,002	---	---	---	25,239		25,239
Net income	---	---	437,948		---	437,948
Total comprehensive income	---	---	437,948	25,239		463,187
Dividends - $1.63 per share	---	---	(747,500)		---	(747,500)
Balances at September 30, 1999	2,300,000	653,346	2,093,937	64,883		5,112,166
Comprehensive Income:
Change in unrealized gain on
securities available for sale, net of
income taxes of $33,952	---	---	---	65,907		65,907
Net Income	---	---	471,452		---	471,452
Total comprehensive income	---	---	471,452	65,907		537,359
Dividends - $1.30 per share	---	---	(598,000)		---	(598,000)
Balances at September 30, 2000	$2,300,000	$653,346	$1,967,389	$130,790		$5,051,525
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See accompanying notes to consolidated financial statements.