0000007694-98-000121 5 1 19980930 19981030 NYSE ASHLAND INC 0000007694 2911 610122250 KY 0930 5 34 001-02918 98733724 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 POTTS CHARLES F 0001023575 OFFICER 5 3340 PEACHTREE RD NE TOWER PLACE ATLANTA GA 30326 6063294784 C/O ASHLAND INC 1000 ASHLAND DRIVE PO BOX 391 RUSSELL KY 41169 5 1 000000769498000121-001-seq1-5.txt FORM 5 - SEPTEMBER 30, 1998