0000007694-98-000022 4 1 19980131 19980209 NYSE ASHLAND INC 0000007694 2911 610122250 KY 0930 4 34 001-02918 98525613 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 BUTLER SAMUEL C 0001026037 DIRECTOR KY 0930 4 CRAVATH SWAINE & MOORE WORLDWIDE PLAZA 825 EIGTH AVENUE NEW YORK NY 10019 6063293333 CRAVATH SWAINE & MOORE WORLDWIDE PLAZA 825 EIGHTH AVENUE NEW YORK NY 10019 4 1 000000769498000022-001-seq1-4.txt FORM 4 - JANUARY 31, 1998