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




                          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