X0201 42003-09-3000000007694ASHLAND INC ASH0001166070HALE ROGER W2915 INDIGOBUSH WAYNAPLESFL341051000Restricted Stock1000DCommon Stock Units02003-09-304J042732.85ACommon Stock4273735DRepresents shares of Restricted Common Stock acquired pursuant to Ashland's stock incentive plans as approved by the shareholders and exempt pursuant to Rule 16b-3.Converts to common stock on a one-for-one basis.Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan for Non-Employee Directors as of 9-30-03, payable in cash or stock upon termination of service and exempt under Rule 16b-3. (One (1) Common Stock Unit in the Deferred Compensation Plan for Non-Employee Directors is the equivalent of one (1) share of Ashland Common Stock)M. Craig Hall2003-10-02