==============================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
AMENDMENT NO. 1
Quarterly Report Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1997
Commission file number 1-2918
ASHLAND INC.
(a Kentucky corporation)
I.R.S. No. 61-0122250
1000 Ashland Drive
Russell, Kentucky 41169
Telephone Number: (606) 329-3333
Indicate by check mark whether the Registrant (1) has
filed all reports required to be filed by Section 13 or 15(d)
of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes _X_ No ___
At January 31, 1998, there were 75,272,427 shares of
Registrant's Common Stock outstanding. One Right to purchase
one-thousandth of a share of Series A Participating
Cumulative Preferred Stock accompanies each outstanding share
of Registrant's Common Stock.
===============================================================================
EXPLANATORY NOTE
This Amendment to the quarterly report on Form 10-Q for the
quarter ended December 31, 1997, of Ashland Inc. ("Ashland") is being filed
by Ashland to restate Ashland's Exhibit 27 - Financial Data Schedule, for
each of the last three fiscal years and for each interim period within the
last two fiscal years (except for the quarter ended December 31, 1996,
which was filed with the original 10-Q). The restatement results from the
adoption of FAS 128 and FAS 131 as described in Notes B and F of Notes to
Condensed Consolidated Financial Statements in the original 10-Q.
Pursuant to Rule 12b-15 under the Securities Exchange Act of 1934,
as amended, the text of the amendment is set forth in its entirety as
attached hereto.
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/ Kenneth L. Aulen
Date March 30, 1998 -------------------------------
------------------- Kenneth L. Aulen
Administrative Vice President
and Controller
(Chief Accounting Officer)
/s/ Thomas L. Feazell
Date March 30, 1998 -------------------------------
-------------------- Thomas L. Feazell
Senior Vice President, General
Counsel and Secretary
EXHIBIT INDEX
Exhibit No. Description
- ------------- ----------------------------------------------------------
27.1 Restated Financial Data Schedule for the year ended
September 30, 1997
27.2 Restated Financial Data Schedule for the year ended
September 30, 1996
27.3 Restated Financial Data Schedule for the year ended
September 30, 1995
27.4 Restated Financial Data Schedule for the quarter ended
June 30, 1997
27.5 Restated Financial Data Schedule for the quarter ended
March 31, 1997
27.6 Restated Financial Data Schedule for the quarter ended
June 30, 1996
27.7 Restated Financial Data Schedule for the quarter ended
March 31, 1996
27.8 Restated Financial Data Schedule for the quarter ended
December 31, 1995