No correction applied

Fading Correction enabled

Fading Correction and Reduce Dust enabled

As for the Grain Correction option, it is a software-based function that makes the image blurred. In other words, some tiny details of the image get lost. You can achieve a similar but better effect by using Photoshop’s Blur filters.

Next you can visually evaluate the scans of originals of two types. The originals were KODAK IT8.7/2 Q-60 R2/E3A color targets. The scan parameters were set up according to the three basic modes: without color correction, with an ICM profile, and with automatic tone correction.

35mm KODAK IT8.7/2 Q-60E3A target scan in Auto Exposure mode

 
35mm KODAK IT8.7/2 Q-60E3A target scan with ICM-profile enabled

 
35mm KODAK IT8.7/2 Q-60E3A target scan in No Color Correction mode

If you think the scans are too bright, then you are right. This is because I scanned the targets without adjusting any settings. But the driver allows you to choose the tone compensation in the Exposure / Tone Settings window and to achieve excellent results:

 
A scan of the 5x7 photograph taken from the KODAK IT8.7/2 Q-60R2 target
in Auto Exposure mode

 
A scan of the 5x7 photograph taken from the KODAK IT8.7/2 Q-60R2 target
with ICM-profile enabled

 
A scan of the 5x7 photograph taken from the KODAK IT8.7/2 Q-60R2 target
in No Color Correction mode