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 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  December  19,  2005,  Ashland  Inc.  ("Ashland")  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 2001 - 2005) 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.


                                    -2-
<PAGE>


Item 9.01.  Financial Statements and Exhibits

(c)      Exhibits

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


                                    -3-
<PAGE>



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


                                    -4-
<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 PERIOD ENDING 12-19-2005", "secsgml_size_bytes": 3965}]
{"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": "051272417"}, "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 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  December  19,  2005,  Ashland  Inc.  ("Ashland")  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 2001 - 2005) 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.

                                    -2-
Item 9.01.  Financial Statements and Exhibits

(c)      Exhibits

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

                                    -3-
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 19, 2005                /s/ J. Marvin Quin
                                 --------------------------------------------
                                 Name:   J. Marvin Quin
                                 Title:  Senior Vice President,
                                         and Chief Financial Officer

                                    -4-
EXHIBIT INDEX

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