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)

                                  November 28, 1994


                                  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


1<PAGE>


          Item 5.   Other Events.


          Discussions About Purchase of Quaker Coal's Kentucky Operations

               Ashland Coal, Inc. (the "Company") is engaged in discussions
          with Quaker Coal Company, Inc. about the possible purchase by the
          Company of Quaker's Kentucky operations.



                                      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/  Roy F. Layman       
                                                  Administrative Vice
                                                  President and Secretary


                                             Date:  November 28, 1994




2<PAGE>
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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": "94562108"}, "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)

                                  November 28, 1994

                                  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

1
Item 5.   Other Events.

          Discussions About Purchase of Quaker Coal's Kentucky Operations

               Ashland Coal, Inc. (the "Company") is engaged in discussions
          with Quaker Coal Company, Inc. about the possible purchase by the
          Company of Quaker's Kentucky operations.

                                      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/  Roy F. Layman       
                                                  Administrative Vice
                                                  President and Secretary

                                             Date:  November 28, 1994

2