0000007694-98-000025 4 1 19980131 19980209 NYSE

ASHLAND INC 0000007694 2911 610122250 KY 0930

4 34 001-02918 98525707

1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333

P O BOX 391 ASHLAND KY 41101

ASHLAND OIL INC 19920703

ASHLAND OIL & REFINING CO 19700806

GOMORY RALPH E 0001018390 DIRECTOR KY 0930

ALFRED P SLOAN FOUNDATION 630 FIFTH AVENUE SUITE 2550 NEW YORK NY 10111-0242 6063294784

1150 15TH ST NW WASHINGTON DC 20071

4 1 000000769498000025-001-seq1-4.txt FORM 4 - JANUARY 31, 1998