Exhibit 99.11

     (Text  of graph posted to Ashland Inc.'s website concerning APAC's lost
            time incident rates and 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
    2003          0.2         3.1
    2004          0.2         2.3





              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
    2003          4.2         7.7
    2004          3.9         6.8