0000007694-98-000148 5 1 19980930 19981106 ASHLAND INC 0000007694 2911 610122250 KY 0930 5 34 001-02918 98739733 1000 ASHLAND DRIVE RUSSELL KY 41169 6063293333 P O BOX 391 ASHLAND KY 41101 ASHLAND OIL INC 19920703 ASHLAND OIL & REFINING CO 19700806 CARLUCCI FRANK C 0001026039 DIRECTOR KY 0930 5 THE CARLYLE GROUP 1001 PENNSYLVANIA AVENUE N W WASHINGTON DC 20004-2505 6063293333 CARLYLE GROUP 1001 PENNSYLVANIA AVENUE N W WASHINGTON DC 20004-2502 5 1 000000769498000148-001-seq1-5.txt FORM 5 - SEPTEMBER 30, 1998