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): June 14, 2004 ASHLAND INC. (Exact name of registrant as specified in its charter) Kentucky (State or other jurisdiction of incorporation) 1-2918 61-0122250 (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 Item 5. Other Events ------ ------------ In April 2003, APAC-Missouri, Inc., an indirect wholly-owned subsidiary of Ashland Inc., received a subpoena from the U.S. Department of Justice, Antitrust Division ("USDOJ") in a federal grand jury investigation involving Missouri Department of Transportation road building projects. On June 14, 2004, APAC-Missouri, Inc. and one APAC-Missouri, Inc. employee each received a target letter from the USDOJ. It appears that the target letter focuses on a single project bid by APAC-Missouri, Inc. in 2000 with revenues less than $8 million. The USDOJ investigation is continuing. 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: June 18, 2004 /s/ David L. Hausrath ------------------------------------- Name: David L. Hausrath Title: Senior Vice President, General Counsel and Secretary