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): August 19, 2005

                                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       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))


<PAGE>



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

        On  August 19, 2005,  Ashland  Inc.  will  include the  information
contained in exhibits  99.1 - 99.16,  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 - 99.16 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.


<PAGE>


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

(c)      Exhibits

99.1     Website data concerning Ashland Distribution Company's sales per
         shipping 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 shipping 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 APAC's 14-state weighted diesel price index



<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:  August 19, 2005                   /s/ J. Marvin Quin
                                        -------------------------------------
                                        Name:     J. Marvin Quin
                                        Title:    Senior Vice President and
                                                  Chief Financial Officer





<PAGE>


                               Exhibit Index

99.1     Website data concerning Ashland Distribution Company's sales per
         shipping 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 shipping 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 APAC's 14-state weighted diesel price index
[{"type": "8-K", "sequence": "1", "filename": "form8k.txt", "secsgml_size_bytes": 6450}]
{"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": "051037428"}, "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): August 19, 2005

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

        On  August 19, 2005,  Ashland  Inc.  will  include the  information
contained in exhibits  99.1 - 99.16,  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 - 99.16 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
         shipping 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 shipping 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 APAC's 14-state weighted diesel price index
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:  August 19, 2005                   /s/ J. Marvin Quin
                                        -------------------------------------
                                        Name:     J. Marvin Quin
                                        Title:    Senior Vice President and
                                                  Chief Financial Officer
Exhibit Index

99.1     Website data concerning Ashland Distribution Company's sales per
         shipping 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 shipping 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 APAC's 14-state weighted diesel price index