Washington, DC 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) November 12, 2002

                              CORNING INCORPORATED
             (Exact name of registrant as specified in its charter)

New York                             1-3247                 16-0393470
(State or other jurisdiction         (Commission            (I.R.S. Employer
of incorporation)                    File Number)           Identification No.)

One Riverfront Plaza, Corning, New York                     14831
(Address of principal executive offices)                    (Zip Code)

(607) 974-9000
(Registrant's telephone number, including area code)

(Former name or former address, if changed since last report)

Item 5.  Other Events and Regulation FD Disclosure.

On November 12, 2002, Corning Incorporated  announced entering into a definitive
agreement to sell its precision lens business  based in  Cincinnati,  Ohio to 3M
Company for approximately $850 million. The precision lens business manufactures
precision  lens  assemblies  for  projection  video  systems  and is included in
Corning's  Information  Display Segment.  The transaction closing is expected by
December 31, 2002,  subject to customary  conditions and  regulatory  approvals.
Corning expects to record an after-tax gain of  approximately  $400 million as a
result  of  this  transaction.  The  proceeds  from  the  sale  will  be used to
strengthen  Corning's balance sheet by reducing debt. In addition,  Corning will
use a portion of the  proceeds to increase its annual  contribution  to its U.S.
pension plan.

Corning  expects to account for the business as a discontinued  operation  under
generally accepted accounting  principles beginning in the fourth quarter.  This
business had sales of $203 million and contributed approximately $0.05 per share
to Corning's results through September 30, 2002.

Item 9.  Regulation FD Disclosure.

The November 12, 2002 press  release  related to the  announcement  is furnished
herewith as Exhibit 99.1.

(c) Exhibits.

99.1  Press Release dated November 12, 2002.


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.

                              CORNING INCORPORATED

Date:  November 12, 2002      By  /s/    KATHERINE A. ASBECK
                                         Katherine A. Asbeck
                                         Senior Vice President and Controller

                                INDEX TO EXHIBITS

(c)      Exhibits

99.1     Press Release dated November 12, 2002

                                                                    EXHIBIT 99.1


                      3M to Acquire Corning Precision Lens;
                     Technology Will Accelerate 3M's Growth

ST. PAUL,  Minn. -- Nov. 12, 2002 -- 3M announced today that it has entered into
a definitive  agreement to acquire  Corning  Precision Lens Inc., a wholly owned
subsidiary of Corning  Incorporated,  for a gross price of $850 million in cash.
Corning Precision Lens is the largest worldwide manufacturer of lens systems for
rear projection televisions.

"This  transaction  affirms our  strategy of accessing  fast-growing  markets by
acquiring  companies with strong market positions and  technologies  that we can
leverage with our own strengths to drive faster long-term  organic growth," said
W. James  McNerney,  Jr., 3M chairman and CEO.  "Combining this business with 3M
Optical  Systems  Division  will broaden our  technology  position in the global
display industry."

"Adding Corning  Precisions Lens' technology for rear projection  televisions to
3M's full  spectrum of display  technologies  enhances  our  business,  and will
accelerate  our  growth  in  current  and next  generation  consumer  television
applications,"  said Andy Wong,  division  vice  president,  3M Optical  Systems
Division.  "Lens systems for  large-screen,  rear-projection  televisions  are a
great complement to our strong optical film capabilities,  which are well-suited
to the emerging consumer LCD television segment."

3M  believes  display   components   represent  a   multibillion-dollar   growth
opportunity.  Digital videodiscs (DVDs) and high definition  televisions (HDTVs)
are driving the growth in this industry as more consumers purchase large-screen,
rear-projection  TVs to create a home  theater  experience.  In 2002,  CRT-based
projection televisions represented 98 percent of unit sales in the large-screen,
rear-projection  television  segment,  which is expected to grow at a 35 percent
compound  annual growth rate through 2006; LCD  televisions are expected to grow
at a  compound  annual  growth  rate of 56  percent  through  this same  period,
according to the DisplaySearch  Quarterly  Worldwide Flat Panel Forecast Report,

3M's  expertise in display  technology is reflected in its line of Vikuiti brand
light  management   products  that  include   proprietary   microreplicated  and
multilayer  display  enhancement films for applications in electronic  displays,
such as LCD televisions, mobile phones, desktop monitors and notebook computers.
3M also supplies touch screens and systems,  high-performance projection screens
and precision optical components for a wide range of display applications.

"We are very excited about our future with 3M. This is a record year for Corning
Precision Lens and forecasts from our customers  continue to be positive,"  said
Dave Szkutak,  president and chief executive  officer,  Corning  Precision Lens,
Inc. "Our market  leadership,  financial health and the hard work and dedication
of Corning Precision Lens employees have helped make us an attractive  business.
3M recognizes this and believes that Corning Precision Lens fits nicely with its
many vital and growing businesses."

Commenting on the sale, Corning Incorporated's Vice Chairman and Chief Financial
Officer  Jim Flaws  said,  "The  sale of  Corning  Precision  Lens is part of an
overall  plan to  improve  our  financial  health  as we focus on  returning  to
profitability.  We will use the  proceeds  to  reduce  debt and  strengthen  our
balance sheet, including making an additional contribution to our pension plan."
Corning  Incorporated said that it would record the results of Corning Precision
Lens as a discontinued business starting in the fourth quarter.

Employing  approximately 1,500 people, Corning Precision Lens currently supplies
customers globally from its headquarters in Cincinnati, Ohio. Sales for 2002 are
expected to be $260 million. On Sept. 18, Corning Precision Lens announced plans
to expand its presence in China to take advantage of this emerging market. China
is the world's second  largest and  fastest-growing  geographic  market for rear
projection televisions.

The  transaction  has been approved by the board of directors of both  companies
and is subject to customary  closing  conditions and regulatory  approvals.  The
transaction  is expected  to close by the end of 2002.  Upon  completion  of the
transaction,  Corning  Precision  Lens will become a subsidiary  of 3M's Optical
Systems Division.

The  acquisition  qualifies  for a joint  election  tax  benefit  under  Section
338(h)(10), which allows goodwill to be fully deductible for tax purposes over a
period of 15 years.  The tax benefit  effectively  reduces the purchase price of
this acquisition to about $680 million. After consideration of this benefit, the
price equates to six times  estimated  2002 EBITDA.  The purchase is expected to
contribute  approximately  $0.07 to 3M earnings per share in 2003 after one-time
acquisition and transition costs.

Pat  Campbell,   senior  vice  president  and  chief  financial   officer;   Bob
Burgstahler, senior vice president, business development and corporate services;
and Andy Wong, division vice president, Optical Systems Division will conduct an
investor teleconference at 9 a.m. Eastern Time (8 a.m. Central) today. Investors
can  access  a  Webcast  of this  conference,  along  with  related  charts,  at

About 3M
3M is a $16 billion  diversified  technology  company with leading  positions in
consumer and office; display and graphics;  electronics and  telecommunications;
health   care;   industrial;   safety,   security   and   protection   services;
transportation and other businesses.  Headquartered in St. Paul, Minnesota,  the
company has operations in more than 60 countries and serves  customers in nearly
200 countries. 3M, which marks its 100th anniversary this year, is one of the 30
stocks that make up the Dow Jones Industrial  Average and also is a component of
the Standard & Poor's 500 Index.

About Corning Incorporated
Established in 1851, Corning Incorporated creates leading-edge technologies that
offer growth  opportunities  in markets that fuel the world's  economy.  Corning
Incorporated  manufactures  optical fiber,  cable and photonic  products for the
telecommunications  industry;  and high-performance  displays and components for
television,  information technology and other communications-related industries.
The company also uses advanced materials to manufacture products for scientific,
semiconductor and environmental markets.

Forward-Looking and Cautionary Statements
The  statements  contained in this press release that are not purely  historical
are  forward-looking   statements,   including  statements  regarding  3M's  and
Corning's  expectations,  beliefs, hopes, intentions or strategies regarding the
future. All forward-looking  statements included in this press release are based
upon  information  available to the  companies  as of the date  hereof,  and the
companies assume no obligation to update any such forward-looking statement.

Vikuiti is a trademark of 3M.

                                     - 30 -

Media Contact:
Donna Fleming, 3M
(651) 736-7646

Paul Rogoski, Corning Incorporated
(607) 974-8832

Investor Contact:
Matt Ginter, 3M
(651) 733-8206

Dan Colvin, 3M
(651) 736-2637

Ken Sofio, Corning Incorporated
(607) 974-7705

3M Public Relations and Corporate Communications
3M Center, Building 225-1S-15
St. Paul, MN 55144-1000