UNITED STATES
                     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): December 13, 2006


                                ASHLAND INC.
           (Exact name of registrant as specified in its charter)

                                  Kentucky
               (State or other jurisdiction of incorporation)


        1-32532                                       20-0865835
(Commission File Number)               (I.R.S. Employer Identification No.)

           50 E. RiverCenter Boulevard, Covington, Kentucky 41011
            (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 230.425)

[ ]    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))

<PAGE>



Item 7.01.  Regulation FD Disclosure

     On December  13,  2006,  Ashland  Inc.  will  include the  information
contained  in  Exhibit  99.1 on the  "Investor  Relations"  section  of its
website located at  www.ashland.com.  Ashland is furnishing the information
pursuant to the Securities and Exchange Commission's ("SEC") Regulation FD.
The information contained in Exhibit 99.1 includes five years (fiscal years
2002 - 2006) of supplemental  financial information  concerning Ashland and
its consolidated subsidiaries. The information 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  exhibit
from its website at any time.



<PAGE>


Item 9.01.  Financial Statements and Exhibits

(d)      Exhibits

99.1     5-Year Supplemental Financial Information posted to Ashland
         Inc.'s website




<PAGE>




                                 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:  December 13, 2006                    /s/ J. Marvin Quin
                               --------------------------------------------
                                  Name:     J. Marvin Quin
                                  Title:    Senior Vice President and
                                            Chief Financial Officer







<PAGE>


                               EXHIBIT INDEX

99.1     5-Year Supplemental Financial Information posted to Ashland's website
[{"type": "8-K", "sequence": "1", "filename": "form8k.txt", "description": "FORM 8-K 5-YR SUPPLEMENTAL INFORMATION", "secsgml_size_bytes": 3748}]
{"company-data": {"conformed-name": "ASHLAND INC.", "cik": "0001305014", "assigned-sic": "5160", "irs-number": "200865835", "state-of-incorporation": "KY", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32532", "film-number": "061273459"}, "business-address": {"street1": "50 EAST RIVERCENTER BLVD., 16TH FLOOR", "city": "COVINGTON", "state": "KY", "zip": "41012", "phone": "859-815-3483"}, "mail-address": {"street1": "50 EAST RIVERCENTER BLVD., 16TH FLOOR", "city": "COVINGTON", "state": "KY", "zip": "41012"}, "former-company": {"former-conformed-name": "New EXM Inc.", "date-changed": "20041004"}}
UNITED STATES
                     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): December 13, 2006

                                ASHLAND INC.
           (Exact name of registrant as specified in its charter)

                                  Kentucky
               (State or other jurisdiction of incorporation)

        1-32532                                       20-0865835
(Commission File Number)               (I.R.S. Employer Identification No.)

           50 E. RiverCenter Boulevard, Covington, Kentucky 41011
            (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 230.425)

[ ]    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))
Item 7.01.  Regulation FD Disclosure

     On December  13,  2006,  Ashland  Inc.  will  include the  information
contained  in  Exhibit  99.1 on the  "Investor  Relations"  section  of its
website located at  www.ashland.com.  Ashland is furnishing the information
pursuant to the Securities and Exchange Commission's ("SEC") Regulation FD.
The information contained in Exhibit 99.1 includes five years (fiscal years
2002 - 2006) of supplemental  financial information  concerning Ashland and
its consolidated subsidiaries. The information 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  exhibit
from its website at any time.
Item 9.01.  Financial Statements and Exhibits

(d)      Exhibits

99.1     5-Year Supplemental Financial Information posted to Ashland
         Inc.'s website
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:  December 13, 2006                    /s/ J. Marvin Quin
                               --------------------------------------------
                                  Name:     J. Marvin Quin
                                  Title:    Senior Vice President and
                                            Chief Financial Officer
EXHIBIT INDEX

99.1     5-Year Supplemental Financial Information posted to Ashland's website