0000007694-98-000082 4 1 19980731 19980810 NYSE ASHLAND INC 0000007694 2911 610122250 KY 0930 4 34 001-02918 98680403 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 CHELLGREN PAUL W 0001023533 OFFICER 4 PO BOX 391 ASHLAND KY 41114 6063293333 C/O ASHLAND INC 1000 ASHLAND DRIVE PO BOX 391 RUSSELL KY 41169 4 1 000000769498000082-001-seq1-4.txt FORM 4 - JULY 31, 1998