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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 vjFkAj1yCWEbzbYA3EUqjA==

<SEC-DOCUMENT>0000007694-02-000082.txt : 20020918
<SEC-HEADER>0000007694-02-000082.hdr.sgml : 20020918
<ACCEPTANCE-DATETIME>20020918151910
ACCESSION NUMBER:		0000007694-02-000082
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020916
FILED AS OF DATE:		20020918

SUBJECT COMPANY:	

	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:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02918
		FILM NUMBER:		02766879

	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

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			JACKSON MANNIE L
		CENTRAL INDEX KEY:			0001026050
		RELATIONSHIP:				DIRECTOR
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		4

	BUSINESS ADDRESS:	
		STREET 1:		ONE ARIZONA CENTER
		STREET 2:		400 EAST VAN BUREN STREET SUITE 300
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10111-0242
		BUSINESS PHONE:		6063293333

	MAIL ADDRESS:	
		STREET 1:		ALFRED P SLOAN FOUNDATION
		STREET 2:		630 FIFTH AVENUE SUITE 2550
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10111-0242
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.txt
<DESCRIPTION>FORM 4 - SEPTEMBER 16, 2002
<TEXT>
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
   Jackson, Mannie L.

   Harlem Globetrotters, International
   400 East Van Buren Street, Suite 300
   Phoenix, Arizona  85004
2. Issuer Name and Ticker or Trading Symbol
   Ashland Inc.
   ASH
3. IRS or Social Security Number of Reporting Person (Voluntary)

4. Statement for Month/Year
   September 16, 2002
5. If Amendment, Date of Original (Month/Year)

6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   (X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
   (specify below)

7. Individual or Joint/Group Filing (Check Applicable Line)
   (X) Form filed by One Reporting Person
   ( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned                                                 |
___________________________________________________________________________________________________________________________________|
1. Title of Security       |2.    |3.    |4.Securities Acquired (A)         |5.Amount of        |6.Dir |7.Nature of Indirect       |
                           | Transaction |  or Disposed of (D)              |  Securities       |ect   |  Beneficial Ownership     |
                           |      |      |                                  |  Beneficially     |(D)or |                           |
                           |      |    | |                  | A/|           |  Owned at         |Indir |                           |
                           | Date |Code|V|    Amount        | D |    Price  |  End of Month     |ect(I)|                           |
___________________________________________________________________________________________________________________________________|
<S>                        <C>    <C>  <C><C>               <C> <C>         <C>                 <C>    <C>
Common Stock               |      |    | |                  |   |           |1,000 (1)          |D     |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock               |      |    | |                  |   |           |2,000              |D     |                           |
- -----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
<CAPTION>
___________________________________________________________________________________________________________________________________
 Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned                                                   |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con-  |3.   |4.    |5.Number of De |6.Date Exer|7.Title and Amount  |8.Price|9.Number    |10.|11.Nature of|
  Security            |version |Transaction | rivative Secu |cisable and|  of Underlying     |of Deri|of Deriva   |Dir|Indirect    |
                      |or Exer |     |      | rities Acqui  |Expiration |  Securities        |vative |tive        |ect|Beneficial  |
                      |cise    |     |      | red(A) or Dis |Date(Month/|                    |Secu   |Securities  |(D)|Ownership   |
                      |Price of|     |      | posed of(D)   |Day/Year)  |                    |rity   |Benefi      |or |            |
                      |Deriva- |     |      |               |Date |Expir|                    |       |ficially    |Ind|            |
                      |tive    |     |      |           | A/|Exer-|ation|   Title and Number |       |Owned at    |ire|            |
                      |Secu-   |     |    | |           | D |cisa-|Date |   of Shares        |       |End of      |ct |            |
                      |rity    |Date |Code|V|  Amount   |   |ble  |     |                    |       |Month       |(I)|            |
___________________________________________________________________________________________________________________________________|
<S>                   <C>      <C>   <C>  <C><C>        <C> <C>   <C>   <C>          <C>     <C>     <C>          <C> <C>
Option (2)            |43.125  |     |    | |           |   |7-31-|1-31-|Common Stock|1,000  |       |1,000       |D  |            |
                      |        |     |    | |           |   |97   |07   |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option (2)            |52.75   |     |    | |           |   |7-30-|1-30-|Common Stock|1,000  |       |1,000       |D  |            |
                      |        |     |    | |           |   |98   |08   |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Option (3)            |46.76   |     |    | |           |   |7-31-|2-29-|Common Stock|2,500  |       |2,500       |D  |            |
                      |        |     |    | |           |   |02   |12   |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock Units (4)|1-for-1 |     |J   |V|966        |A  |     |     |Common Stock|966    |       |            |D  |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
Common Stock Units (5)|1-for-1 |9-16-|J   | |131        |A  |     |     |Common Stock|131    |$28.90 |18,266      |D  |            |
                      |        |02   |    | |           |   |     |     |            |       |       |            |   |            |
- -----------------------------------------------------------------------------------------------------------------------------------|
                      |        |     |    | |           |   |     |     |            |       |       |            |   |            |
___________________________________________________________________________________________________________________________________|
</TABLE>
Explanation of Responses:
1. Represents shares of restricted common stock acquired pursuant to Ashland's
stock incentive plans as approved by the shareholders and exempt pursuant to
Rule 16b-3.
2. Stock options(represents a right to buy Ashland Common Stock) under
Ashland's Deferred Compensation for Non-Employee Directors.   The stock option
includes a tax withholding feature
pursuant to the
plan.
3. Stock options (represents a right to buy Ashland Common Stock) under
Ashland's Amended and Restated Incentive Plan.  The stock option includes a tax
withholding feature pursuant to the
plan.
4. Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan
for Non-Employee Directors as of 6-30-02  and includes transactions occurring
on or after 1-31-02, payable in
cash or stock upon termination of service and exempt under Rule 16b-3.  The
price of the Common Stock Units on the applicable valuation date was $39.790 -
$45.530.  (One (1) Common Stock Unit
in the  Deferred Compensation Plan for Non-Employee Directors is the equivalent
of one (1) share of Ashland Common Stock)
5. Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan
for Non-Employee Directors, payable in cash or stock upon termination of
service and exempt under Rule 16b-3.
 (One (1) Common Stock Unit in the  Deferred Compensation Plan for Non-Employee
Directors is the equivalent of one (1) share of Ashland Common Stock)
SIGNATURE OF REPORTING PERSON
Amelia A. McCarty Attorney-in-Fact
DATE
September 16, 2002

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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