0000007694-98-000081 4 1 19980731 19980810 NYSE

ASHLAND INC 0000007694 2911 610122250 KY 0930

4 34 001-02918 98680400

1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333

P O BOX 391 ASHLAND KY 41101

ASHLAND OIL INC 19920703

ASHLAND OIL & REFINING CO 19700806

BROTHERS JOHN A /KY 0001023587 OFFICER

PO BOX 2219 COLUMBUS OH 43216 6063294784

C/O ASHLAND INC 1000 ASHLAND DRIVE PO BOX 391 RUSSELL KY 41169

4 1 000000769498000081-001-seq1-4.txt FORM 4 - JULY 31, 1998