0000007694-98-000042 4 1 19980228 19980309 NYSE ASHLAND INC 0000007694 2911 610122250 KY 0930 4 34 001-02918 98560049 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 SAWRAN WILLIAM R 0001023578 OFFICER 4 PO BOX 14000 LEXINGTON KY 40512 6063294784 C/O ASHLAND INC 1000 ASHLAND DRIVE PO BOX 391 RUSSELL KY 41169 4 1 000000769498000042-001-seq1-4.txt FORM 4 - FEBRUARY 28, 1998