SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549



                                 FORM 8-K

                              CURRENT REPORT


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



            Date of Report (Date of earliest event reported)
                                    
                            October 27, 1995


                            ASHLAND COAL, INC.
          (Exact name or registrant as specified in its charter)



    Delaware                  1-9993               61-0880012
(State or other      (Commission file number)   (I.R.S.Employer
jurisdiction of                              Identification No.)
incorporation or 
organization) 



         2205 Fifth Street Road, Huntington, West Virginia  25701
     (Address of principal executive offices)  (Zip Code)   



              P.O. Box 6300, Huntington, West Virginia  25771
                       (Mailing Address)          (Zip Code)



     Registrant's telephone number, including area code:  (304)
526-3333<PAGE>
Item 5.   Other Events.

          On October 27, 1995, Ashland Coal, Inc. announced that
its Board of Directors has authorized the repurchase from time to
time of up to one million shares of Ashland Coal common stock.
Shares acquired may be used for general corporate purposes.  




                           SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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 COAL, INC.
                                   (Registrant)

                                   By:  /s/  Marc R. Solochek    
                                        Senior Vice President and
                                        Chief Financial Officer



                                   Date: October 27, 1995
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{"company-data": {"conformed-name": "ASHLAND COAL INC", "cik": "0000833890", "assigned-sic": "1221", "irs-number": "610880012", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09993", "film-number": "95584742"}, "business-address": {"street1": "2205 FIFTH ST RD", "city": "HUNTINGTON", "state": "WV", "zip": "25701", "phone": "3045263333"}, "mail-address": {"street1": "PO BOX 6300", "city": "HUNTINGTON", "state": "WV", "zip": "25771"}}
SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                 FORM 8-K

                              CURRENT REPORT

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

            Date of Report (Date of earliest event reported)
                                    
                            October 27, 1995

                            ASHLAND COAL, INC.
          (Exact name or registrant as specified in its charter)

    Delaware                  1-9993               61-0880012
(State or other      (Commission file number)   (I.R.S.Employer
jurisdiction of                              Identification No.)
incorporation or 
organization) 

         2205 Fifth Street Road, Huntington, West Virginia  25701
     (Address of principal executive offices)  (Zip Code)   

              P.O. Box 6300, Huntington, West Virginia  25771
                       (Mailing Address)          (Zip Code)

     Registrant's telephone number, including area code:  (304)
526-3333
Item 5.   Other Events.

          On October 27, 1995, Ashland Coal, Inc. announced that
its Board of Directors has authorized the repurchase from time to
time of up to one million shares of Ashland Coal common stock.
Shares acquired may be used for general corporate purposes.  

                           SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) 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 COAL, INC.
                                   (Registrant)

                                   By:  /s/  Marc R. Solochek    
                                        Senior Vice President and
                                        Chief Financial Officer

                                   Date: October 27, 1995