UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________________
SCHEDULE 13G
Under the Securities Exchange Act of 1934
PHARMACOPEIA, INC.
(Name of Issuer)
Common Shares, Par Value $.0001 Per Share
(Title of Class of Securities)
71713B104
(CUSIP Number)
June 12, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
____ Rule 13d-1(b)
__X_ Rule 13d-1(c)
____ Rule 13d-1(d)
CUSIP No.: 71713B104
(1) Name of Reporting Person or I.R.S. Identification No. of
Above Person
Corning Incorporated
I.R.S. Identification No.: 16-0393470
______________________________________________________________
(2) Check the Appropriate Box if a Member of a Group
(a) N/A
(b) N/A
______________________________________________________________
(3) SEC Use Only_____________________________________________
______________________________________________________________
(4) Citizenship or Place of Organization: New York
______________________________________________________________
Number of (5) Sole Voting Power: 2,875,081
Shares________________________________________________________
Benefi- (6) Shared Voting Power: - 0 -
cially
Owned by_____________________________________________________
Each (7) Sole Dispositive Power:
2,875,081
Reporting_____________________________________________________
Person (8) Shared Dispositive Power: - 0 -
With__________________________________________________________
______________________________________________________________
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 2,875,081
_______________________________________________________________
(10) Check if the Aggregate Amount in Row (9) Excludes Certain
Shares____________________________________________________
(11) Percent of Class Represented by Amount in Row 9: 15.3%
_______________________________________________________________
(12) Type of Reporting Person: CO
Item 1
(a) Name of Issuer:
Pharmacopeia, Inc.
(b) Address of Issuer's Principal Executive Offices:
101 College Road East, Princeton, NJ 08540
Item 2
(a) Name of Person Filing:
Corning Incorporated
(b) Address of Principal Business Office or, if none,
Residence:
One Riverfront Plaza, Corning, New York 14831
(c) Citizenship:
New York
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number: 71713B104
Item 3 If this statement is filed pursuant to section
240.13d-1(b) or 240.13d-2(b) or (c), check
whether the person filing is a:
(a) ___ Broker or dealer registered under Section 15 of
the Act (15 U.S.C. 78o).
(b) ___ Bank as defined in Section 3(a)(6) of the Act (15
U.S.C. 78C).
(c) ___ Insurance company as defined in Section 3(a)(19)
of the Act (15 U.S.C. 78c).
(d) ___ Investment company registered under Section 8 of
the Investment Company Act of 1940 (15 U.S.C.
80a-8).
(e) ___ An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E).
(f) ___ An employee benefit plan or endowment fund in
accordance with Section 240.13d1(b)(1)(ii)(F).
(g) ___ A parent holding company or control person in
accordance with Section 240.13d1(b)(1)(ii)(G).
(h) ___ A savings association as defined in Section 3(b)
of the Federal Deposit Insurance Act (12 U.S.C.
1813).
(i) ___ A church plan that is excluded from the definition
of an investment company under Section 3(c)(14) of
the Investment Company Act of 1940 (15 U.S.C.
80a-3).
(j) ___ Group, in accordance with Section 240.13d-
1(b)(1)(ii)(J).
If this statement is filed pursuant to Section 240.13d-
1(c), check this box. __X__
Item 4 Ownership
(a) Amount beneficially owned: 2,875,081
(b) Percent of class: 15.3%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
2,875,081
(ii) Shared power to vote or to direct the vote:
(iii)Sole power to dispose or to direct the
disposition of: 2,875,081
(iv) Shared power to dispose or to direct the
disposition of:
Item 5 Ownership of Five Percent or Less of a Class
N/A
Item 6 Ownership of More than Five Percent on Behalf of
Another Person
N/A
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the
Parent Holding Company
N/A
Item 8 Identification and Classification of Members of the
Group
N/A
Item 9 Notice of Dissolution of Group
N/A
Item 10 Certification
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of
or with the effect of changing or influencing the
control of the issuer of the securities and were not
acquired and are not held in connection with or as a
participant in any transaction having that purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of the
undersigned's knowledge and belief, the undersigned certifies
that the information set forth in this statement is true,
complete and correct.
CORNING INCORPORATED
Date: July 8, 1998 By: /s/ A. John Peck, Jr.
Name: A. John Peck, Jr.
Title: Vice President &
Secretary
