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): October 30, 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))


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Item 2.02. Results of Operations and Financial Condition
--------------------------------------------------------

     On October 30, 2006, Ashland Inc. will post the information  contained
in exhibits 99.1 and 99.2 on the "Investor  Center"  section of its website
located at  www.ashland.com.  Exhibits 99.1 and 99.2 include  tables from a
corporate  fact sheet and a five year summary of operating  and net income,
each updated to reflect  Ashland's  preliminary  financial  results for its
fourth quarter and fiscal 2006. The information  furnished gives historical
data reflecting the previously  announced  disposition of Ashland's  former
segment, Ashland Paving And Construction, Inc.

     The information in this report,  being furnished pursuant to Item 2.02
of Form 8-K,  shall not be deemed to be "filed" for  purposes of Section 18
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or
otherwise  subject  to  the  liabilities  of  that  Section,   and  is  not
incorporated  by reference in any filing under the  Securities Act of 1933,
as amended,  or the Exchange Act, except as expressly set forth by specific
reference in such filing.


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

     On October  30,  2006,  Ashland  Inc.  will  include  the  information
contained  in exhibits  99.3-99.15,  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  99.3-99.15  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   Tables from the Ashland Inc. Fact Sheet as of September 30, 2006

  99.2   Five Year  Operating  and Net Income  Summary as of September  30,
         2006

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

  99.4   Website data concerning Ashland Distribution's revenue

  99.5   Website data concerning Ashland Distribution's gross profit

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

  99.7   Website data concerning Ashland Performance Materials' revenue

  99.8   Website  data  concerning  Ashland  Performance  Materials'  gross
         profit

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

  99.10  Website data concerning Ashland Water Technologies' revenue

  99.11  Website data concerning Ashland Water Technologies' gross profit

  99.12  Website data concerning Valvoline's premium oil sales

  99.13  Website data concerning Valvoline's revenue

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

  99.15  Ashland Distribution's non-GAAP metric information

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                                 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)


October 30, 2006                 /s/ J. Marvin Quin
                                -------------------------------------------
                                 J. Marvin Quin
                                 Senior Vice President
                                 and Chief Financial Officer


                                    -4-




                               EXHIBIT INDEX

99.1   Tables from the Ashland Inc. Fact Sheet as of September 30, 2006

99.2   Five Year Operating and Net Income Summary as of September 30, 2006

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

99.4   Website data concerning Ashland Distribution's revenue

99.5   Website data concerning Ashland Distribution's gross profit

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

99.7   Website data concerning Ashland Performance Materials' revenue

99.8   Website data concerning Ashland Performance Materials' gross profit

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

99.10  Website data concerning Ashland Water Technologies' revenue

99.11  Website data concerning Ashland Water Technologies' gross profit

99.12  Website data concerning Valvoline's premium oil sales

99.13  Website data concerning Valvoline's revenue

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

99.15  Ashland Distribution's non-GAAP metric information

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