-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WD0AoYG1o2W375cQXvHdaZnq5NH8uaCt1KCwhWuhIlyi6PGecuSjQySQkpze9lke
 KhA5k/qqQZ0BVYcPGYi7YA==

<SEC-DOCUMENT>0000007694-02-000187.txt : 20021203
<SEC-HEADER>0000007694-02-000187.hdr.sgml : 20021203
<ACCEPTANCE-DATETIME>20021203162919
ACCESSION NUMBER:		0000007694-02-000187
CONFORMED SUBMISSION TYPE:	10-K
PUBLIC DOCUMENT COUNT:		19
CONFORMED PERIOD OF REPORT:	20020930
FILED AS OF DATE:		20021203

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASHLAND INC
		CENTRAL INDEX KEY:			0000007694
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-CHEMICALS & ALLIED PRODUCTS [5160]
		IRS NUMBER:				610122250
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		10-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02918
		FILM NUMBER:		02847498

	BUSINESS ADDRESS:	
		STREET 1:		50 E. RIVERCENTER BOULEVARD
		CITY:			COVINGTON
		STATE:			KY
		ZIP:			41012
		BUSINESS PHONE:		6068153333

	MAIL ADDRESS:	
		STREET 1:		50 E. RIVERCENTER BOULEVARD
		CITY:			COVINGTON
		STATE:			KY
		ZIP:			41012

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASHLAND OIL & REFINING CO
		DATE OF NAME CHANGE:	19700806

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASHLAND OIL INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-K
<SEQUENCE>1
<FILENAME>finalk.txt
<DESCRIPTION>ASHLAND INC. FORM 10-K FOR THE FISCAL YEAR ENDED 9/30/02
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3
<SEQUENCE>3
<FILENAME>bylaws.txt
<DESCRIPTION>EXHIBIT 3.2 BY-LAWS OF ASHLAND
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>4
<FILENAME>director.txt
<DESCRIPTION>EXHIBIT 10.2 DEFERRED COMP. FOR NON-EMPLOYEE DIRECTORS
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>5
<FILENAME>defcomp.txt
<DESCRIPTION>EXHIBIT 10.3 DEFERRED COMP. PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>6
<FILENAME>serp.txt
<DESCRIPTION>EXHIBIT 10.4 SERP
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>7
<FILENAME>salary.txt
<DESCRIPTION>EXHIBIT 10.5 SALARY CONTINUATION PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>8
<FILENAME>exeemp.txt
<DESCRIPTION>EXHIBIT 10.6 EXECUTIVE EMPLOYMENT AGREEMENT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>9
<FILENAME>pwc.txt
<DESCRIPTION>EXHIBIT 10.7 SEPARATION AGREEMENT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>10
<FILENAME>pension.txt
<DESCRIPTION>EXHIBIT 10.9 PENSION PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>11
<FILENAME>charitable.txt
<DESCRIPTION>EXHIBIT 10.11 DIRECTORS CHARITABLE AWARD
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>12
<FILENAME>stockinc.txt
<DESCRIPTION>EXHIBIT 10.14 1997 STOCK INCENTIVE PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>13
<FILENAME>arincent.txt
<DESCRIPTION>EXHIBIT 10.15 AMENDED AND RESTATED PLAN
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-12
<SEQUENCE>14
<FILENAME>ex12.txt
<DESCRIPTION>EXHIBIT 12 COMPUTATION OF RATIOS
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-13
<SEQUENCE>15
<FILENAME>mda.txt
<DESCRIPTION>EXHIBIT 13 PORTIONS OF ASHLAND'S ANNUAL REPORT
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-21
<SEQUENCE>16
<FILENAME>ex21.txt
<DESCRIPTION>EXHIBIT 21 SUBSIDIARIES
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23
<SEQUENCE>17
<FILENAME>consent.txt
<DESCRIPTION>EXHIBIT 23.1 CONSENT OF INDEPENDENT AUDITORS
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>18
<FILENAME>poaex.txt
<DESCRIPTION>EXHIBIT 24 POWER OF ATTORNEY
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>19
<FILENAME>jjcert.txt
<DESCRIPTION>EXHIBIT 99.1 CERT. OF CEO
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>20
<FILENAME>jmqcert.txt
<DESCRIPTION>EXHIBIT 99.2 CERT. OF CFO
</DOCUMENT>
</SUBMISSION>