EXHIBIT 12

ASHLAND INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions)
	Years ended September 30
	2005			2006			2007			2008			2009
EARNINGS
Income from continuing operations	$	1,958		$	183		$	201		$	175		$	78
Income tax (benefit) expense		(230	)		29			58			86			80
Interest expense		87			8			9			9			163
Interest portion of rental expense		20			18			20			21			25
Amortization of deferred debt expense		3			-			1			-			52
Distributions (less than) in excess of earnings
of unconsolidated affiliates		(246	)		(6	)		(5	)		(10	)		1
	$	1,592		$	232		$	284		$	281		$	399
FIXED CHARGES
Interest expense	$	87		$	8		$	9		$	9		$	163
Interest portion of rental expense		20			18			20			21			25
Amortization of deferred debt expense		3			-			1			-			52
Capitalized interest		1			3			2			-			3
	$	111		$	29		$	32		$	30		$	243
RATIO OF EARNINGS TO FIXED CHARGES		14.34			8.00			8.88			9.37			1.64