SECURITIES AND EXCHANGE COMMISSION

                  Washington, D. C.  20549


                          FORM 10-Q

      Quarterly Report Pursuant to Section 13 or 15(d)
           of the Securities Exchange Act of 1934

             For the Quarter Ended June 30, 1997

                 Commission File No. 1-3660

                        Owens Corning

                  One Owens Corning Parkway

                     Toledo, Ohio  43659

                  Area Code (419) 248-8000

                   A Delaware Corporation

        I.R.S. Employer Identification No. 34-4323452


Indicate by check mark whether the Registrant (1) has  filed
all  reports required to be filed by Section 13 or 15(d)  of
the Securities Exchange Act of 1934 during the preceding  12
months  (or for such shorter period that the Registrant  was
required to file such reports), and (2) has been subject  to
such filing requirements for the past 90 days.

                    Yes / X /     No /   /

      Shares of common stock, par value $.10 per share,
                outstanding at June 30, 1997

                         53,338,336