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:  January 25, 1996
Date of earliest event reported:  January 25, 1996


                                      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.)


1000 Ashland Drive, Russell, Kentucky                             41169
(Address of principal executive offices)                        (Zip Code)


P.O. Box 391, Ashland, Kentucky                                   41114
     (Mailing Address)                                          (Zip Code)


Registrant's telephone number, including area code (606) 329-3333






                                                      Total of  6  Pages







Item 5.  Other Events

     On January 25, 1996, the Registrant issued a press release  announcing
that John R. Hall, Chairman of the Board and Chief Executive Officer of the
Registrant,  will retire as Chief Executive Officer effective as of October
1, 1996 and as Chairman  of the Board in January  1997.  The press  release
also  announced  that Paul W.  Chellgren,  the current  President and Chief
Operating  Officer  of the  Registrant,  will  succeed  Mr.  Hall as  Chief
Executive  Officer  on  October  1,  1996 and as  Chairman  of the Board in
January 1997.

     The  foregoing  summary of the attached  press release is qualified in
its  entirety by the  complete  text of such  document,  a copy of which is
attached hereto.

Item 7.  Financial Statements and Exhibits
     (c)   Exhibits
           99    Press Release





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                                   SIGNATURES


     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)


                                           /s/  James G. Stephenson
Date:  January 25, 1996                  ---------------------------------
                                         Name:    James G. Stephenson
                                         Title:   Vice President - Law



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                                   Exhibit Index

Exhibit No.                                                     Page No.

         99        Press Release of the Registrant dated           5
                   January 25, 1996








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