EXHIBIT (99)

COMMON STOCK                       COMMON STOCK


NUMBER          [Text shown ]                          SHARES
NR              [in this    ]
                [section    ]
                [appears in ]      CORPORATE SEAL, DELAWARE
                [engraved   ]      OWENS CORNING
                [border bars]      1938

                 [Stock vignette graphic:
                  semi globe, surmounted
                  by eagle, flanked by 2
                       male figures]
                       
THIS CERTIFICATE IS      CUSIP 69073F 10 3
TRANSFERABLE IN NEW      SEE REVERSE FOR CERTAIN DEFINITIONS
YORK AND TORONTO

                           OWENS CORNING
       INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE
                                 
 THIS IS TO CERTIFY THAT
 IS THE OWNER OF

 FULL-PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF 10c EACH
                      OF THE COMMON STOCK OF
                                 
Owens Corning (hereinafter  referred to  as the "Corporation")
transferable on the books of the Corporation  by  the holder
hereof in person or by duly authorized  attorney upon surrender of
this certificate properly endorsed.  This certificate and the
shares represented hereby are issued and shall be held subject to
all of the provisions of the Certificate of Incorporation, as
amended, of the Corporation (a copy of which certificate is on
file with the Transfer Agent), to all of which  the  holder  by
acceptance  hereof  assents.  This certificate  is  not  valid
until  countersigned  by  the Transfer Agent and registered by the
Registrar.
      Witness  the seal of the Corporation and the signatures
of its duly authorized officers.

Dated

Countersigned and Registered:
CHASEMELLON SHAREHOLDER SERVICES
     Transfer Agent
     and Registrar,

BY                     /s/                /s/

  Authorized Officer   Secretary      Chairman of the Board and
                                      Chief Executive Officer
The  following abbreviations, when used in the inscription on  the
face of this certificate, shall be construed  as though  they were
written out in full according to applicable laws or regulations:

  TEN COM -as tenants in common           UNIF GIFT MIN ACT-
  TEN ENT -as tenants by the entireties   _____ Custodian_______
  JT TEN  -as joint tenants with right    (Cust)          (Minor)
           of survivorship and not as     under Uniform Gifts
           tenants in common              to Minors Act__________
                                                       (State)

   Additional abbreviations may also be used though not in the above
list.
                                 
  For value received,____________hereby sell, assign and transfer
unto

PLEASE INSERT SOCIAL SECURITY OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
__________________________________________________________________

__________________________________________________________________

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE
OF ASSIGNEE
__________________________________________________________________

__________________________________________________________________

__________________________________________________________________
                                                            Shares

of the capital stock represented by the within Certificate, and do
hereby irrevocably constitute and appoint ________________________

__________________________________________________________________
Attorney to transfer the said stock on the books of the within-named
Corporation with full power of  substitution in the premises.

Dated____________________

                     X_______________________________________

                         NOTICE:  THE SIGNATURE TO THIS
                         ASSIGNMENT MUST CORRESPOND WITH THE
                         NAME AS WRITTEN UPON THE FACE OF
                         THE CERTIFICATE IN EVERY
                         PARTICULAR, WITHOUT ALTERATION OR
                         ENLARGEMENT, OR ANY CHANGE
                         WHATEVER. [Notice appears
                         vertically on right side of
                         certificate]
                         
This certificate also evidences and entitles the holder hereof to
certain Rights as set forth in a Rights Agreement between the
Company and The Chase Manhattan Bank dated as of December 12, 1996
(the "Rights Agreement"), the terms of which are hereby incorporated
herein by reference and a copy of which is on  file at the principal
executive offices of the Company.  Under certain circumstances, as
set forth in the Rights Agreement, such Rights will be evidenced by
separate certificates and will no longer be evidenced by this
certificate.  The Company will mail to  the holder of this
certificate a copy of the Rights Agreement  without charge promptly
after receipt of a written request  therefor. Under certain
circumstances set forth in the Rights Agreement, Rights beneficially
owned by an Acquiring Person or any Associate or Affiliate thereof
(as such terms are defined in the Rights Agreement) will become null
and void. The Rights shall not be exercisable, and shall be void so
long as held, by a holder in any jurisdiction where the requisite
qualification for the issuance to such holder, or the exercise by
such holder of the Rights in such jurisdiction, shall not have been
obtained or be obtainable.