8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

September 9, 2003

Date of Report (Date of Earliest Event Reported)

Schering-Plough Corporation

(Exact name of registrant as specified in its charter)

New Jersey	1-6571	22-1918501
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

2000 Galloping Hill Road
Kenilworth, NJ 07033

(Address of principal executive offices, including Zip Code)

(908) 298-4000

(Registrant's telephone number, including area code)

Item 5. Other Events and Regulation FD Disclosure

Schering-Plough Corporation today announced that it has reached a settlement with the U.S. Securities and Exchange Commission (SEC) of the enforcement proceeding against Schering-Plough Corporation and its former Chairman of the Board and Chief Executive Officer Richard Jay Kogan relating to meetings and other communications with investors during the week of September 30, 2002. In connection with the settlement, Schering-Plough and Kogan agreed not to commit any future violations of Regulation FD and related securities laws, Schering-Plough will pay a penalty of $1 million and Kogan will pay a penalty of $50,000.

A copy of Schering-Plough's press release relating to this settlement is attached as Exhibit 99.1 to this 8-K. A copy of the SEC Administrative Proceeding (Administrative Proceeding - Rel.34-48461; File No. 3-11249) in this matter will be available on the SEC's Web Site at sec.gov.

Item 7. Financial Statements and Exhibits

(c) Exhibits. The following exhibit is filed with this 8-K:

99.1 Press Release Issued September 9, 2003 titled "Schering-Plough Reports Settlement with Securities and Exchange Commission"

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 hereunto duly authorized.

Schering-Plough Corporation

By: /s/Thomas H. Kelly

Thomas H. Kelly

Vice President and Controller

Date: September 9, 2003

Exhibit Index

The following exhibit is filed with this 8-K:

99.1 Press Release Issued September 9, 2003 titled "Schering-Plough Reports Settlement with Securities and Exchange Commission"

EX-99.1

Schering-Plough Exhibit 99.1

News Release

Schering-Plough Corporation

2000 Galloping Hill Road

Kenilworth, New Jersey 07033-0530

FOR RELEASE: IMMEDIATELY Contact: Robert J. Consalvo

(908) 298-7409

SCHERING-PLOUGH REPORTS SETTLEMENT

WITH SECURITIES AND EXCHANGE COMMISSION

KENILWORTH, N.J., Sept. 9, 2003 - Schering-Plough Corporation (NYSE: SGP) today reported that it has reached a settlement with the U.S. Securities and Exchange Commission (SEC) to resolve issues arising from the SEC's inquiry into meetings by the company, including former Chairman/CEO Richard J. Kogan, with investors during the week of Sept. 30, 2002.

In connection with the settlement, Schering-Plough and Kogan, without admitting or denying the SEC's allegations, agreed not to commit any future violations of Regulation FD and related securities laws. In addition, the company and Kogan have agreed to pay penalties of $1 million and $50,000, respectively, to the U.S. Government.

"In moving forward with our Action Agenda to stabilize and then turn around Schering-Plough, we determined that resolving this issue is in the best interests of the company," said Fred Hassan, chairman and chief executive officer, who joined the company in April 2003. "I am glad we were able to put this legacy issue behind us as we move to create a new Schering-Plough."

The SEC settlement document is being posted on the SEC Web site at www. SEC.gov.

Schering-Plough Corporation is a research-based company engaged in the discovery, development, manufacturing and marketing of pharmaceutical products worldwide.

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