0000007694-98-000005 4 1 19971231 19980109 NYSE ASHLAND INC 0000007694 2911 610122250 KY 0930 4 34 001-02918 98503580 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 BLANTON JACK S 0001026032 DIRECTOR KY 0930 4 REPUBLIC BANK CENTER 700 LOUISIANNA, SUITE 3920 HOUSTON TX 77002 6063293333 REPUBLIC BANK CENTER 700 LOUISIANNA, SUITE 3920 HOUSTON TX 77002 4 1 000000769498000005-001-seq1-4.txt FORM 4 - DECEMBER 31, 1997