-----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,
 Tzem9ZIhnIcKeGcABgOWd/Ifp1FgHwFN40CG+s1CQSqDKHviqMeg9NIcLNLV9d1S
 iahcDEgyD9j05A27S2y72Q==

<SEC-DOCUMENT>0000007694-03-000047.txt : 20030523
<SEC-HEADER>0000007694-03-000047.hdr.sgml : 20030523
<ACCEPTANCE-DATETIME>20030523165650
ACCESSION NUMBER:		0000007694-03-000047
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20030523
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030523

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02918
		FILM NUMBER:		03718629

	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 INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ASHLAND OIL & REFINING CO
		DATE OF NAME CHANGE:	19700806
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>mary1.txt
<DESCRIPTION>FORM 8-K
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549


                                    FORM 8-K

                                 CURRENT REPORT


                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


          Date of report (Date of earliest event reported): May 23, 2003


                                  ASHLAND INC.
             (Exact name of registrant as specified in its charter)


                                    Kentucky
                 (State or other jurisdiction of incorporation)

           1-2918                                   61-0122250
  (Commission File Number)                       (I.R.S. Employer
                                                 Identification No.)


  50 E. RiverCenter Boulevard, Covington, Kentucky          41012-0391
     (Address of principal executive offices)               (Zip Code)


  P.O. Box 391, Covington, Kentucky                         41012-0391
         (Mailing Address)                                  (Zip Code)


        Registrant's telephone number, including area code (859) 815-3333




<PAGE>


Item 7.  Financial Statements and Exhibits
- ------   ---------------------------------

(c)      Exhibits

99.1     Website data concerning Ashland  Distribution  Company's sales per
         ship day

99.2     Website data concerning Ashland Distribution Company's revenue

99.3     Website  data  concerning  Ashland  Distribution  Company's  gross
         profit

99.4     Website  data  concerning  Ashland  Specialty  Chemical  Company's
         average sales per ship day

99.5     Website  data  concerning  Ashland  Specialty  Chemical  Company's
         revenue

99.6     Website data concerning Ashland Specialty Chemical Company's gross
         profit

99.7     Website data concerning Valvoline's premium oil sales

99.8     Website data concerning Valvoline's revenue

99.9     Website data  concerning  Valvoline  Instant Oil Change's  twelve
         month rolling average sales

99.10    Website  data  concerning  APAC's  twelve month  average  contract
         awards

99.11    Website data  concerning  APAC's lost time incident rates and OSHA
         recordable incident rates

99.12    Website data  concerning  APAC's monthly  revenue and twelve month
         rolling average revenue


Item 9.  Regulation FD Disclosure
- -------  ------------------------

     On May 23, 2003,  Ashland Inc. will include the information  contained
in exhibits  99.1 - 99.12,  and graphic  images  thereof,  on the "Investor
Relations"  section of its website located at  www.ashland.com.  Ashland is
furnishing  the  information   pursuant  to  the  Securities  and  Exchange
Commission's  ("SEC") Regulation FD. The information  contained in exhibits
99.1 - 99.12 is summary  information  concerning  key metrics for Ashland's
divisional  operations  and is intended to be  considered in the context of
Ashland's SEC filings and other public  announcements that Ashland may make
from time to time.

     By filing this report on Form 8-K,  Ashland  makes no  admission as to
the  materiality of any  information in this report.  Ashland  reserves the
right to discontinue the availability of the data in the attached  exhibits
from its website at any time.


<PAGE>


                                 SIGNATURE


     Pursuant to the requirements of the Securities Exchange Act of 1934,
    the registrant has duly caused this report to be signed on its behalf by the
    undersigned thereunto duly authorized.

                                                      ASHLAND INC.
                                         ---------------------------------------
                                                     (Registrant)



    Date:  May 23, 2003                            /s/ J. Marvin Quin
                                         ---------------------------------------
                                         Name:     J. Marvin Quin
                                         Title:    Senior Vice President and
                                                   Chief Financial Officer




<PAGE>


                               EXHIBIT INDEX
                               -------------

99.1     Website data concerning Ashland  Distribution  Company's sales per
         ship day

99.2     Website data concerning Ashland Distribution Company's revenue

99.3     Website  data  concerning  Ashland  Distribution  Company's  gross
         profit

99.4     Website  data  concerning  Ashland  Specialty  Chemical  Company's
         average sales per ship day

99.5     Website  data  concerning  Ashland  Specialty  Chemical  Company's
         revenue

99.6     Website data concerning Ashland Specialty Chemical Company's gross
         profit

99.7     Website data concerning Valvoline's premium oil sales

99.8     Website data concerning Valvoline's revenue

99.9     Website data  concerning  Valvoline  Instant Oil Change's  twelve
         month rolling average sales

99.10    Website  data  concerning  APAC's  twelve month  average  contract
         awards

99.11    Website data  concerning  APAC's lost time incident rates and OSHA
         recordable incident rates

99.12    Website data  concerning  APAC's monthly  revenue and twelve month
         rolling average revenue
<PAGE>





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>ex991.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                                    Exhibit 99.1

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
                   Distribution Company's sales per ship day)

        ADC Average Sales $ per Ship Day ($, millions)

                  2000        2001        2002       2003
                ------      ------      ------     ------
January         11.733      10.993       9.537     10.815
February        12.813      11.712      10.084     11.538
March           12.898      11.378      10.480     11.586
April           13.944      11.713      10.308     11.780
May             12.995      11.756      10.493
June            13.209      10.630      10.642
July            12.664      10.330       9.950
August          12.377      10.230      10.264
September       12.745      10.636      10.738
October         12.163       9.845      10.390
November        12.215       9.767      11.025
December        11.526       8.529       9.392


                  ADC Non-Durable Manufacturing (%)

                     2000       2001        2002        2003
                    -----       ----        ----        ----
January             100.0       99.0        96.6        96.1
February            100.6       99.1        96.8        96.1
March               101.3       98.1        97.3        96.1
April               101.5       98.1        97.3        95.6
May                 101.4       97.9        97.5
June                101.6       97.6        97.7
July                101.1       97.5        98.2
August              100.5       97.4        97.8
September           100.7       97.3        97.8
October             100.2       97.1        96.9
November            100.0       96.4        96.7
December             99.6       95.8        96.1

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>ex992.txt
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
                                                                    Exhibit 99.2

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
                        Distribution Company's revenue)

<TABLE>
<CAPTION>

                           ADC Revenue - Monthly Sales ($, millions)

                                1999        2000        2001       2002        2003
                                ----        ----        ----       ----        ----
              <S>                <C>         <C>         <C>        <C>         <C>
              January            220         246         242        210         238
              February           233         269         234        202         231
              March              263         297         250        210         243
              April              254         265         234        227         247
              May                240         286         280        231
              June               260         291         223        213
              July               241         253         217        219
              August             256         285         235        226
              September          253         255         202        215
              October            257         268         226        239
              November           257         244         195        209
              December           254         219         162        188
</TABLE>

                          ADC  - 12 Month Rolling Average ($, millions)

                                2000        2001        2002       2003
                                ----        ----        ----       ----
              January            251         265         222        218
              February           254         262         220        221
              March              257         258         216        223
              April              258         255         216        225
              May                262         255         212
              June               264         249         211
              July               265         246         211
              August             268         242         210
              September          268         237         211
              October            269         234         212
              November           268         230         214
              December           265         225         216

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>5
<FILENAME>ex993.txt
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
                                                                    Exhibit 99.3

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
                        Distribution Company's gross profit)


                  ADC Gross Profit % - 3 Month Rolling Average (%)

                                  2000        2001        2002         2003
                                  ----        ----        ----         ----
              January             15.6        16.1        16.5         16.1
              February            15.6        16.4        16.1         15.8
              March               15.5        16.5        15.9         15.6
              April               15.5        16.2        15.7         15.8
              May                 15.6        15.6        15.8
              June                15.5        15.5        15.8
              July                15.5        15.5        15.9
              August              15.4        15.7        15.9
              September           15.6        16.0        15.9
              October             15.4        16.1        15.6
              November            15.6        16.5        15.8
              December            15.6        16.5        16.0


                  ADC Gross Profit % - 12 Month Rolling Average (%)

                                 2000         2001        2002        2003
                                 ----         ----        ----        ----
              January            15.9         15.6        16.0        15.8
              February           15.9         15.7        16.0        15.8
              March              15.8         15.8        15.9        15.8
              April              15.8         15.8        15.9        15.8
              May                15.8         15.7        16.0
              June               15.7         15.8        16.0
              July               15.6         15.8        16.0
              August             15.6         15.8        16.1
              September          15.6         15.9        16.0
              October            15.5         16.0        15.9
              November           15.5         16.0        15.9
              December           15.5         16.1        15.9

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>6
<FILENAME>ex994.txt
<DESCRIPTION>EXHIBIT 99.4
<TEXT>
                                                                    Exhibit 99.4

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
            Specialty Chemical Company's average sales per ship day)


                   ASCC - Average Net Sales $ per Ship Day ($, millions)

              ($,Thousands)      2000         2001        2002        2003
                                -----        -----       -----       -----
              January           4,939        4,595       4,368       4,625
              February          5,091        4,919       5,188       5,535
              March             5,079        4,755       5,005       5,406
              April             5,567        4,997       5,180       5,690
              May               4,983        4,700       5,212
              June              5,071        5,474       5,579
              July              5,092        5,084       5,045
              August            4,876        4,643       5,249
              September         5,290        5,325       5,593
              October           4,937        4,895       5,163
              November          5,209        5,250       5,734
              December          5,150        4,954       5,265


                      ASCC - Durable Manufacturing Index (%)

                                 2000         2001        2002        2003
                                 ----         ----        ----        ----
              January           100.0        101.6        93.6        95.9
              February          100.9        100.5        93.8        95.4
              March             101.9        100.5        93.8        94.9
              April             103.0         99.3        94.5        94.2
              May               104.2         98.2        95.2
              June              104.7         96.9        95.8
              July              104.9         96.8        96.2
              August            104.3         95.7        96.7
              September         105.1         94.4        96.0
              October           104.6         93.3        95.5
              November          103.9         93.2        96.2
              December          102.9         92.9        94.5




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>7
<FILENAME>ex995.txt
<DESCRIPTION>EXHIBIT 99.5
<TEXT>
                                                                    Exhibit 99.5

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
                     Specialty Chemical Company's revenue)

                   ASCC Revenue - Net Monthly Sales ($, millions)

                                 2000         2001        2002        2003
                                -----        -----       -----       -----
              January              99          101          96         102
              February            107           98         104         111
              March               117          105         100         114
              April               106          100         114         120
              May                 110          103         115
              June                112          115         112
              July                102          107         111
              August              112          107         116
              September           106          101         112
              October             109          113         119
              November            104          105         109
              December             98           94         105

               ASCC - 12 Month Net Sales Rolling Average ($, millions)

                                 2000         2001        2002        2003
                                -----        -----       -----       -----
              January             106          107         104         110
              February            107          106         104         110
              March               107          105         104         112
              April               107          105         105         112
              May                 108          104         106
              June                108          104         106
              July                107          105         106
              August              107          104         107
              September           107          104         108
              October             107          104         108
              November            107          104         108
              December            107          104         109

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>8
<FILENAME>ex996.txt
<DESCRIPTION>EXHIBIT 99.6
<TEXT>
                                                                    Exhibit 99.6

       (Text of graph posted to Ashland Inc.'s website concerning Ashland
                   Specialty Chemical Company's gross profit)


                  ASCC Gross Profit % - 3 Month Rolling Average (%)

                                  2000        2001        2002       2003
                                  ----        ----        ----       ----
              January             34.2        33.3        33.7       33.1
              February            33.8        33.2        34.2       33.0
              March               33.4        33.2        35.2       32.2
              April               33.3        33.2        36.0       32.1
              May                 33.2        33.2        36.3
              June                33.0        33.1        36.1
              July                32.6        32.5        35.8
              August              32.9        32.3        35.3
              September           33.5        32.2        35.3
              October             33.6        32.7        35.0
              November            33.5        33.2        34.3
              December            32.9        33.5        33.8


                 ASCC Gross Profit % - 12 Month Rolling Average (%)

                                2000        2001        2002       2003
                                ----        ----        ----       ----
              January           34.6        33.2        33.0       35.0
              February          34.3        33.2        33.2       34.7
              March             34.1        33.2        33.5       34.4
              April             34.0        33.2        33.7       32.7
              May               33.9        33.2        34.0
              June              33.7        33.2        34.3
              July              33.6        33.2        34.5
              August            33.6        33.1        34.8
              September         33.7        32.9        35.0
              October           33.5        32.9        35.1
              November          33.4        33.0        35.0
              December          33.2        33.0        35.1

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>9
<FILENAME>ex997.txt
<DESCRIPTION>EXHIBIT 99.7
<TEXT>
                                                                    Exhibit 99.7

           (Text of graph posted to Ashland Inc.'s website concerning
                         Valvoline's premium oil sales)


               Premium Lubricants % Of Branded Volume (%)

                    2000        2001        2002         2003
                    ----        ----        ----         ----
January              8.5        10.9        13.0         16.8
February             8.7        11.0        13.4         17.2
March                8.9        11.0        13.9         17.4
April                9.2        10.9        14.5         17.4
May                  9.4        11.2        14.7
June                 9.6        11.4        15.0
July                10.0        11.5        15.3
August              10.3        11.6        15.6
September           10.7        11.7        16.1
October             10.6        12.1        16.3
November            10.8        12.4        16.4
December            10.8        12.6        16.6


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>10
<FILENAME>ex998.txt
<DESCRIPTION>EXHIBIT 99.8
<TEXT>
                                                                    Exhibit 99.8

           (Text of graph posted to Ashland Inc.'s website concerning
                              Valvoline's revenue)

                    Valvoline Revenue Monthly ($, millions)

                         2000        2001        2002       2003
                        -----       -----       -----      -----
January                  87.7        83.5        94.0       96.5
February                 95.5        78.0        86.2       93.4
March                   102.8       105.1        92.4      111.0
April                    82.2        82.5       107.7      101.1
May                      92.2       102.7       104.0
June                     89.1        90.3        92.8
July                     85.9        97.8       107.8
August                  103.0       101.1       108.3
September               100.0       110.1       104.2
October                  86.2        91.2       100.3
November                 79.5        87.8        88.2
December                 75.7        75.7        92.8


            Valvoline Revenue 12 Month Rolling Average ($, millions)

                        2000        2001        2002        2003
                        ----        ----        ----       -----
January                 89.5        89.6        93.0        98.4
February                90.6        88.2        93.7        99.0
March                   91.6        88.4        92.7       100.6
April                   90.1        88.4        94.8       100.0
May                     90.1        89.3        94.9
June                    89.4        89.4        95.1
July                    88.9        90.4        95.9
August                  89.5        90.2        96.5
September               89.7        91.0        96.0
October                 90.1        91.5        96.8
November                90.2        92.2        96.8
December                90.0        92.2        98.2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>11
<FILENAME>ex999.txt
<DESCRIPTION>EXHIBIT 99.9
<TEXT>
                                                                    Exhibit 99.9

           (Text of graph posted to Ashland Inc.'s website concerning
       Valvoline Instant Oil Change's twelve month rolling average sales)

                          VIOC Sames Store Sales
                            (2 Years and Older)

                         2000      2001      2002      2003
                         ----      ----      ----      ----
            January      11.9      12.6      13.3      14.2
            February     12.0      12.6      13.4      14.2
            March        12.1      12.7      13.4      14.3
            April        12.1      12.7      13.5      14.3
            May          12.2      12.7      13.6
            June         12.3      12.7      13.7
            July         12.4      12.8      13.8
            August       12.5      12.8      13.8
            September    12.5      12.9      13.9
            October      12.6      13.0      14.0
            November     12.6      13.1      14.1
            December     12.6      13.2      14.1


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>12
<FILENAME>ex9910.txt
<DESCRIPTION>EXHIBIT 99.10
<TEXT>
                                                                   Exhibit 99.10

       (Text of graph posted to Ashland Inc.'s website concerning APAC's
                     twelve month average contract awards)

<TABLE>
<CAPTION>


                        12 Month Average Construction Awards in 14 APAC States ($, millions)



                                              2000        2001        2002         2003
                                             -----       -----       -----        -----
                          <S>                <C>         <C>         <C>          <C>
                          January            1,241       2,081       2,009        1,806
                          February           1,309       2,188       1,886        1,870
                          March              1,422       2,111       1,921        1,757
                          April              1,589       1,973       1,934        1,746
                          May                1,693       2,114       1,698
                          June               1,718       2,076       1,807
                          July               1,852       1,958       1,874
                          August             1,861       1,997       1,876
                          September          1,901       2,029       1,771
                          October            1,977       1,971       1,814
                          November           2,022       1,978       1,817
                          December           2,063       2,008       1,784
</TABLE>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>13
<FILENAME>ex9911.txt
<DESCRIPTION>EXHIBIT 99.11
<TEXT>
                                                                   Exhibit 99.11

           (Text of graph posted to Ashland Inc.'s website concerning
        APAC's lost time incident rates & OSHA recordable incident rates)

            Lost Time Incident Rates
 (Rate = Lost Time Injuries x 200,000/Hours Worked)

               APAC      Industry
               ----      --------
    1995        0.3         4.5
    1996        0.3         4.1
    1997        0.3         4.0
    1998        0.4         3.4
    1999        0.4         3.8
    2000        0.4         3.2
    2001        0.1         4.0
    2002        0.2         3.9


       Recordable Incident Rates

                 APAC      Industry
                 ----      --------
    1995          6.0        11.9
    1996          5.8        10.7
    1997          6.0        10.4
    1998          6.0        9.6
    1999          6.0        9.7
    2000          5.1        9.3
    2001          4.6        8.9
    2002          4.3        8.2

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>14
<FILENAME>ex9912.txt
<DESCRIPTION>EXHIBIT 99.12
<TEXT>
                                                                   Exhibit 99.12

       (Text of graph posted to Ashland Inc.'s website concerning APAC's
           monthly revenue and twelve month rolling average revenue)

                   APAC Monthly Revenue ($, millions)

                     2000        2001         2002        2003
                     ----        ----         ----        ----
January               133          88          113          99
February              134         151          161         126
March                 165         145          150         148
April                 237         206          216         195
May                   236         306          289
June                  229         234          251
July                  269         241          231
August                256         324          314
September             242         309          246
October               293         313          259
November              174         216          179
December              153         152          121


              APAC 12 Month Rolling Average ($, millions)

                     2000        2001         2002        2003
                     ----        ----         ----        ----
January               159         206          226         210
February              163         208          227         207
March                 169         206          227         207
April                 177         203          228         205
May                   182         209          226
June                  189         210          228
July                  199         207          227
August                202         213          226
September             209         219          221
October               216         220          216
November              217         224          213
December              210         224          211

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
