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): January 24, 2007


                                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))


                                    -1-
<PAGE>


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

     On January  24,  2007,  Ashland  Inc.  will  include  the  information
contained  in exhibits  99.1-99.15,  and  graphic  images  thereof,  on the
"Investor Center" 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  99.1-99.15  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.




                                    -2-
<PAGE>


Item 9.01. Financial Statements and Exhibits

   (d)   Exhibits

  99.1   Website data concerning Ashland  Distribution's sales per shipping
         day

  99.2   Website data concerning Ashland Distribution's revenue

  99.3   Website data concerning Ashland Distribution's gross profit

  99.4   Website data concerning  Ashland  Performance  Materials'  average
         sales per shipping day

  99.5   Website data concerning Ashland Performance Materials' revenue

  99.6   Website  data  concerning  Ashland  Performance  Materials'  gross
         profit

  99.7   Website data concerning Ashland Water Technologies'  average sales
         per shipping day

  99.8   Website data concerning Ashland Water Technologies' revenue

  99.9   Website data concerning Ashland Water Technologies' gross profit

  99.10  Website data concerning Valvoline's premium oil sales

  99.11  Website data concerning Valvoline's revenue

  99.12  Website data concerning Valvoline's gross profit

  99.13  Website data concerning Valvoline's lubricant gallons

  99.14  Website data  concerning  Valvoline  Instant Oil  Change's  twelve
         month rolling average sales

  99.15  Ashland Distribution's non-GAAP metric information


                                    -3-

<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)


January 24, 2007                 /s/ J. Marvin Quin
                                -------------------------------------------
                                 J. Marvin Quin
                                 Senior Vice President
                                 and Chief Financial Officer


                                    -4-

<PAGE>


                               EXHIBIT INDEX

99.1   Website data concerning  Ashland  Distribution's  sales per shipping
       day

99.2   Website data concerning Ashland Distribution's revenue

99.3   Website data concerning Ashland Distribution's gross profit

99.4   Website data concerning Ashland Performance Materials' average sales
       per shipping day

99.5   Website data concerning Ashland Performance Materials' revenue

99.6   Website data concerning Ashland Performance Materials' gross profit

99.7   Website data concerning  Ashland Water  Technologies'  average sales
       per shipping day

99.8   Website data concerning Ashland Water Technologies' revenue

99.9   Website data concerning Ashland Water Technologies' gross profit

99.10  Website data concerning Valvoline's premium oil sales

99.11  Website data concerning Valvoline's revenue

99.12  Website data concerning Valvoline's gross profit

99.13  Website data concerning Valvoline's lubricant gallons

99.14  Website data concerning  Valvoline Instant Oil Change's twelve month
       rolling average sales

99.15  Ashland Distribution's non-GAAP metric information

                                    -5-
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{"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": "07548304"}, "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): January 24, 2007

                                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))

                                    -1-
Item 7.01. Regulation FD Disclosure
-----------------------------------

     On January  24,  2007,  Ashland  Inc.  will  include  the  information
contained  in exhibits  99.1-99.15,  and  graphic  images  thereof,  on the
"Investor Center" 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  99.1-99.15  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.

                                    -2-
Item 9.01. Financial Statements and Exhibits

   (d)   Exhibits

  99.1   Website data concerning Ashland  Distribution's sales per shipping
         day

  99.2   Website data concerning Ashland Distribution's revenue

  99.3   Website data concerning Ashland Distribution's gross profit

  99.4   Website data concerning  Ashland  Performance  Materials'  average
         sales per shipping day

  99.5   Website data concerning Ashland Performance Materials' revenue

  99.6   Website  data  concerning  Ashland  Performance  Materials'  gross
         profit

  99.7   Website data concerning Ashland Water Technologies'  average sales
         per shipping day

  99.8   Website data concerning Ashland Water Technologies' revenue

  99.9   Website data concerning Ashland Water Technologies' gross profit

  99.10  Website data concerning Valvoline's premium oil sales

  99.11  Website data concerning Valvoline's revenue

  99.12  Website data concerning Valvoline's gross profit

  99.13  Website data concerning Valvoline's lubricant gallons

  99.14  Website data  concerning  Valvoline  Instant Oil  Change's  twelve
         month rolling average sales

  99.15  Ashland Distribution's non-GAAP metric information

                                    -3-
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)

January 24, 2007                 /s/ J. Marvin Quin
                                -------------------------------------------
                                 J. Marvin Quin
                                 Senior Vice President
                                 and Chief Financial Officer

                                    -4-
EXHIBIT INDEX

99.1   Website data concerning  Ashland  Distribution's  sales per shipping
       day

99.2   Website data concerning Ashland Distribution's revenue

99.3   Website data concerning Ashland Distribution's gross profit

99.4   Website data concerning Ashland Performance Materials' average sales
       per shipping day

99.5   Website data concerning Ashland Performance Materials' revenue

99.6   Website data concerning Ashland Performance Materials' gross profit

99.7   Website data concerning  Ashland Water  Technologies'  average sales
       per shipping day

99.8   Website data concerning Ashland Water Technologies' revenue

99.9   Website data concerning Ashland Water Technologies' gross profit

99.10  Website data concerning Valvoline's premium oil sales

99.11  Website data concerning Valvoline's revenue

99.12  Website data concerning Valvoline's gross profit

99.13  Website data concerning Valvoline's lubricant gallons

99.14  Website data concerning  Valvoline Instant Oil Change's twelve month
       rolling average sales

99.15  Ashland Distribution's non-GAAP metric information

                                    -5-