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