UNITED STATES
                     SECURITIES AND EXCHANGE COMMISSION

                          Washington, D. C. 20549

                                  FORM 8-K/A
                                AMENDMENT NO. 1

                               CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of
                    the Securities Exchange Act of 1934

    Date of report (Date of earliest event reported): February 22, 2005

                                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.)

      50 E. RiverCenter Boulevard, Covington, Kentucky       41012-0391
          (Address of principal executive offices)           (Zip Code)

             P.O. Box 391, Covington, Kentucky               41012-0391 
                     (Mailing Address)                       (Zip Code)

     Registrant's telephone number, including area code (859) 815-3333


Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:

[  ]     Written communications pursuant to Rule 425 under the Securities Act
         (17 CFR 2230.425)
[  ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act
         (17 CFR 240.14a-12)
[  ]     Pre-commencement communications pursuant to Rule 14d-2(b) under the
         Exchange Act (17 CFR 240.14d-2(b))
[  ]     Pre-commencement communications pursuant to Rule 13e-4(c) under the
         Exchange Act (17 CFR 240.13e-4(c))




                                EXPLANATORY NOTE

     This amendment on Form 8-K/A supplements Ashland Inc.'s Form 8-K filed
on February 22, 2005 with the Securities and Exchange Commission. This Form
8-K/A is being  filed to  correct  information  on  Exhibit  99.6 which was
reflected incorrectly on Ashland's Form 8-K filed on February 22, 2005.


Item 7.01.  Regulation FD Disclosure
----------  ------------------------

     On February  22,  2005,  Ashland  Inc.  will  include the  information
contained in exhibits  99.1 - 99.19,  and graphic  images  thereof,  on the
"Investor Relations" section of its website located at www.ashland.com,  or
in employee communications.

     Ashland is furnishing the  information  pursuant to the Securities and
Exchange  Commission's ("SEC") Regulation FD. The information  contained in
exhibits  99.1 - 99.19 is summary  information  concerning  key metrics for
Ashland's  divisional  operations  and is intended to be  considered in the
context of  Ashland's  SEC  filings  and other  public  announcements  that
Ashland may make from time to time.

     By filing this report on Form 8-K,  Ashland  makes no  admission as to
the  materiality of any  information in this report.  Ashland  reserves the
right to discontinue the availability of the data in the attached exhibits.





Item 9.01.  Financial Statements and Exhibits
---------   ---------------------------------

(c)      Exhibits

99.1     Website data concerning Ashland Distribution Company's sales per 
         ship day

99.2     Website data concerning Ashland Distribution Company's revenue

99.3     Website data concerning Ashland Distribution Company's gross profit

99.4     Website data concerning Ashland Specialty Chemical Company's average 
         sales per ship day

99.5     Website data concerning Ashland Specialty Chemical Company's revenue

99.6     Website data concerning Ashland Specialty Chemical Company's gross 
         profit

99.7     Website data concerning Valvoline's premium oil sales

99.8     Website data concerning Valvoline's revenue

99.9     Website data concerning Valvoline Instant Oil Change's twelve month 
         rolling average sales

99.10    Website data concerning APAC's twelve month average contract awards

99.11    Website data concerning APAC's lost time incident rates and OSHA 
         recordable incident rates

99.12    Website data concerning APAC's monthly revenue and twelve month 
         rolling average revenue

99.13    Website data concerning APAC's backlog

99.14    Website data concerning APAC's asphalt mix production

99.15    Website data concerning U.S. Gulf Coast Barge Prices

99.16    Website data concerning Sour Crude Differential




99.17    Website data concerning Chicago 3-2-1 Crack Spreads

99.18    Website data concerning APAC's 14-state weighted diesel price index

99.19    Ashland Distribution Company Non-GAAP Metric Information





                                 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)



    Date:  February 23, 2005                   /s/ David L. Hausrath 
                                        -------------------------------------
                                        Name:     David L. Hausrath
                                        Title:    Senior Vice President, 
                                                  General Counsel and 
                                                  Secretary








                               Exhibit Index

99.1     Website data concerning Ashland Distribution Company's sales per 
         ship day

99.2     Website data concerning Ashland Distribution Company's revenue

99.3     Website data concerning Ashland Distribution Company's gross profit

99.4     Website data concerning Ashland Specialty Chemical Company's average 
         sales per ship day

99.5     Website data concerning Ashland Specialty Chemical Company's revenue

99.6     Website data concerning Ashland Specialty Chemical Company's gross 
         profit

99.7     Website data concerning Valvoline's premium oil sales

99.8     Website data concerning Valvoline's revenue

99.9     Website data concerning Valvoline Instant Oil Change's twelve month 
         rolling average sales

99.10    Website data concerning APAC's twelve month average contract awards

99.11    Website data concerning APAC's lost time incident rates and OSHA 
         recordable incident rates

99.12    Website data concerning APAC's monthly revenue and twelve month 
         rolling average revenue

99.13    Website data concerning APAC's backlog

99.14    Website data concerning APAC's asphalt mix production

99.15    Website data concerning U.S. Gulf Coast Barge Prices

99.16    Website data concerning Sour Crude Differential

99.17    Website data concerning Chicago 3-2-1 Crack Spreads

99.18    Website data concerning APAC's 14-state weighted diesel price index

99.19    Ashland Distribution Company Non-GAAP Metric Information