Exhibit (10)
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                          Owens Corning

               Director's Charitable Award Program
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1.   PURPOSE OF THE PROGRAM
      The  Owens  Corning  Director's  Charitable  Award  Program
(the "Program") allows each eligible Director of Owens Corning to
recommend  that  the Owens Corning Foundation (the  "Foundation")
make   a  donation  of  $1,000,000  to  the  eligible  tax-exempt
organization(s) (the "Donee(s)") selected by the  Director,  with
the  donation  to be made, in the Director's name, in  ten  equal
annual  installments, with the first installment to  be  made  as
soon  as  is practicable after the Director's death.  The purpose
of  the Program is to recognize the interest of Owens Corning and
its  Directors in supporting worthy educational institutions  and
other  charitable organizations, and to enhance the role  of  the
Foundation in Owens Corning's charitable giving programs, thereby
enhancing the public image of the Foundation.

2.   ELIGIBILITY
     All persons serving as Directors of Owens Corning as of July
1, 1993, shall be eligible to participate in the Program upon the
completion of the Program enrollment requirements.  All Directors
who join Owens Corning's Board of Directors after that date shall
be  immediately  eligible  to participate  in  the  Program  upon
election to the Board and after completing the Program enrollment
requirements.

3.   VESTING
     All  participating Directors serving on the Board as of June
17,  1999 are fully vested in the Program.  For Directors elected
to  the Board after that date, a Director will be vested upon the
completion  of two terms (or six years) of service on the  Board.
A  Director who dies or becomes totally and permanently  disabled
while  serving on the Board will be fully vested in the  Program.
Accelerated  vesting is within the discretion of the Compensation
Committee of the Board of Directors.

4.   RECOMMENDATION OF DONATION
     When  a  Director  becomes eligible to  participate  in  the
Program,  he  or she shall make a written recommendation  to  the
Foundation, on a form approved by Owens Corning for this purpose,
designating  the  Donee(s) which he or  she  intends  to  be  the
recipient(s) of the Foundation donation to be made on his or  her
behalf.   A Director may revise or revoke any such recommendation
prior  to  his or her death by signing a new Recommendation  Form
and submitting it to the Foundation.

5.   AMOUNT AND TIMING OF DONATION
      Each  eligible  Director  may choose  one  organization  to
receive a Foundation donation of $1,000,000, or two organizations
to  receive  donations aggregating $1,000,000.  Each  recommended
organization  must be recommended to receive  a  donation  of  at
least  $100,000.  The donation will be made by the Foundation  in
ten  equal annual installments, with the first installment to  be
made as soon as is practicable after the Director's death.  If  a
Director  recommends  more  than one organization  to  receive  a
donation,  each  will receive a prorated portion of  each  annual
installment.   Each annual installment payment  will  be  divided
between the recommended organizations in the same proportions  as
the   total  donation  amount  has  been  allocated  between  the
organizations by the Director.  However, no donation will be made
to  an organization on a Director's behalf unless the Director is
vested in the Program.

Owens  Corning will provide the Foundation with the funds  needed
to  make  the  donations on a Director's behalf.   The  necessary
funds  will be provided no later than when a donation is payable,
but  Owens Corning may also elect, in its discretion, to  provide
all  or  any part of the necessary funds to the Foundation before
the donations become payable.

6.   DONEES
     In order to be eligible to receive a donation, a recommended
organization must initially, and at the time a donation is to  be
made,  qualify  to  receive tax-deductible  donations  under  the
Internal  Revenue  Code,  and be reviewed  and  approved  by  the
Foundation.   A  recommendation will be  approved  unless  it  is
determined,  in  the  exercise of good  faith  judgment,  that  a
donation  to  the organization would be detrimental to  the  best
interests  of Owens Corning.  A Director's private foundation  is
not eligible to receive donations under the Program.

7.   FUNDING AND PROGRAM ASSETS
     Owens Corning may  fund the Program or it may choose not  to
fund the Program.  If Owens Corning elects to fund the Program in
any  manner, neither the Directors nor their recommended Donee(s)
shall have any rights or interests in any assets of Owens Corning
identified  for such purpose.  Nothing contained in  the  Program
shall  create,  or  be  deemed  to create,  a  trust,  actual  or
constructive,  for  the  benefit  of  a  Director  or  any  Donee
recommended  by a Director to receive a donation, or shall  give,
or  be  deemed  to  give, any Director or recommended  Donee  any
interest in any assets of the Program or Owens Corning.

8.   AMENDMENT OR TERMINATION
     The  Board of  Directors of Owens Corning may, at any  time,
without  the  consent  of  the  Directors  participating  in  the
Program, amend, suspend, or terminate the Program.

9.   ADMINISTRATION
     The  Program  shall be administered  by the Human  Resources
Division of Owens Corning.  The Program Administrator shall  have
plenary  authority  in  its  discretion,  but  subject   to   the
provisions  of  the  Program, to prescribe,  amend,  and  rescind
rules,  regulations and procedures relating to the Program.   The
determinations  of  the Program Administrator  on  the  foregoing
matters  shall  be  conclusive  and  binding  on  all  interested
parties.

10.  CHANGE OF CONTROL
     If  there  is  a  Change  Of Control of Owens  Corning,  the
Program  will  become irrevocable with respect to  the  Directors
then   participating.   Also,  Owens  Corning  will   immediately
transfer  sufficient assets (including any insurance policies  on
the  Directors' lives, if appropriate) into a trust, administered
by  an  independent trustee, so that the trust will have adequate
funds  to  make the anticipated donations for the Directors  then
participating.  For the purpose of this Program, the term  Change
of  Control will be defined as the term is defined in  the  Stock
Performance Incentive Plan, as amended from time to time.

11.  GOVERNING LAW
     The Program shall be construed and enforced according to the
laws  of  the state of Ohio, and all provisions thereof shall  be
administered according to the laws of said state.

12.  EFFECTIVE DATE
     The  effective  date of  the Program is  July  1,  1993.   A
Director's  recommendation  will be  effective  when  he  or  she
completes all enrollment requirements.