PROSPECTUS SUPPLEMENT                             For SEC Filing Purposes
(To Prospectus dated April 24, 1995)           Filed under Rule 424(b)(2)
                                                Registration No. 33-57011
      230,900 Shares
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ASHLAND INC.

Common Stock
($1.00 par value)

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Pursuant to a Sales Agency  Agreement  dated May 1, 1995 between  Ashland Inc.
(the "Company") and NatWest Securities Limited and CS First Boston Corporation
(the  "Agents"),  the  Company  sold,  during the Pricing  Period  shown below
through Natwest Securities Limited, 230,900 shares of Common Stock pursuant to
ordinary  brokers'  transactions  on the New York  Stock  Exchange  and/or the
Chicago Stock Exchange.

Pricing Period:                May 1 through May 5, 1995

Common Stock sold:                    50,000     Average Market Price Shares
                                     180,900     Additional Shares
                                     230,900     Total Shares Sold

Arithmetic Mean of the High
and Low Sales Prices of the
Common Stock reported on the
NYSE for Each Trading Day of   5/1/95    5/2/95    5/3/95     5/4/95     5/5/95
the Pricing Period              37.25     38.00    37.875      38.00     37.625

Average Market Price:             $37.75 per share

Net Proceeds to Company
for Average Market Price Shares:  $1,840,312.50

Total Net Proceeds to Company:    $8,623,963.89

Compensation to
Natwest Securities Limited
for Average Market Price Shares:  $   47,187.50

Total Compensation to
Natwest Securities Limited:       $  121,869.88

On May 5, 1995,  the last reported  sales price of the Common Stock on the New
York Stock Exchange was $37.625 per share.

The shares of Common Stock have been listed on the New York and Chicago  Stock
Exchanges.

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THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND
EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE
ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
                                   OFFENSE.

           The date of this Prospectus Supplement is May 8, 1995