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
Date of Report (Date of earliest event reported):		January 7, 2008
Commission file number: 0-13888
CHEMUNG FINANCIAL CORPORATION (Exact name of Registrant as specified in its charter)
New York (State or other jurisdiction of incorporation or organization)		16-123703-8 (I.R.S. Employer Identification No.)
One Chemung Canal Plaza, Elmira, NY 14901 (Address of principal executive offices) (Zip Code) (607) 737-3711 (Registrant's telephone number including area code) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(B) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 5.02	DEPARTURE OF DIRECTORS OR CERTAIN OFFICE; ELECTION OF DIRECTORS, APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On December 31, 2007, Jan P. Updegraff retired after 37 years of service with both Chemung Canal Trust Company and Chemung Financial Corporation. Mr. Updegraff will continue to serve as a member of the Board of Directors of the Bank and Holding Company.
ITEM 9.01	FINANCIAL STATEMENTS AND EXHIBITS
(d)	Exhibits

Exhibit No.
99.1	Press Release of Chemung Financial Corporation dated January 7, 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.
	CHEMUNG FINANCIAL CORPORATION
January 7, 2008	By: Ronald M. Bentley
	Ronald M. Bentley
	President & Chief Executive Officer

EX-99.1

For Immediate Release:	Contact:
January 7, 2008	Michael J. Wayne
	Vice President
	(607) 737-3762

Jan P. Updegraff Retires From Chemung Canal Trust Company

Chemung Canal Trust Company (CCTC) today announced that Jan P. Updegraff has retired, after a career of nearly 38 years.

Updegraff began working at Chemung Canal in February 1970 after starting his banking career in 1967 at Merchants National Bank & Trust in Syracuse, NY. His career path entailed a number executive position at the Chemung Canal including: Senior Trust Investment Officer, Executive Vice President and Chief Financial Officer. In February 1996 he was named President and Chief Operating Officer and in January 1998 was named President and Chief Executive Officer. In July 2006 Mr. Updegraff was named Vice Chairman and Chief Executive Officer as part of the organization's management succession program that named Ronald M. Bentley to the position of President and Chief Operating Officer.

Mr. Updegraff will continue to serve as a Director of Chemung Canal Trust Company and Chemung Financial Corporation, a position to which he was first appointed in 1996.

"Jan is truly the embodiment of what a Community Banker is all about," according to Ronald M. Bentley, President and Chief Executive Officer of Chemung Canal Trust Company. "His extensive knowledge of banking and investments products, his recognition of the importance of quality customer service and his commitment to our community have helped shaped a career at Chemung Canal that has generated positive results by all measures," Bentley said.

"Over the past 37 years Jan has served tirelessly to help create a company that is insightful to our clients' wants and responsive to our communities' needs. Our company, its employees and shareholders and the community at large have been served well by Jan Updegraff," Bentley added.

Mr. Updegraff, a native of Horseheads, is an Air Force veteran of the Viet Nam War. He currently is a member of the Board of Managers of the Arnot Ogden Medical Center, a Director of Southern Tier Economic Growth, the Chemung County Chamber of Commerce and the Arnot Art Museum.

Mr. Updegraff formerly served as President of Bethany Retirement Center and Southern Tier Hospice and Chairman of the Board of Managers of the Arnot Ogden Medical Center, the Chemung County Chamber of Commerce and Southern Tier Economic Growth.

Mr. Updegraff resides in West Elmira with his wife, Mimi. The Updegraffs have two adult daughters and 3 grandchildren.

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