X0201 3 2004-01-29 0 0000007694 ASHLAND INC ash 0001278459 ESLER SUSAN B 50 E RIVERCENTER BLVD COVINGTON KY 41012 0 1 0 0 Vice President Common Stock 114 D Restricted Stock 3000 D Stock Options (Right to buy) 28.13 2003-09-19 2012-10-19 Common Stock 2250 D Stock Options (Right to buy) 33.0625 2001-09-21 2010-10-21 Common Stock 1500 D Stock Options (Right to buy). 34 2004-09-18 2013-10-18 Common Stock 3000 D Stock Options (Right to buy) 36.38 2002-09-20 2011-10-20 Common Stock 2000 D Stock Options (Right to buy) 36.625 2000-09-16 2009-10-16 Common Stock 1000 D Common Stock Units Common Stock 5838 D Based on Employee Savings Plan information as of 1-29-04, the latest date for which such information is reasonably available. Represents 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. Employee stock option (represents a right to buy Ashland Common Stock) granted pursuant to Ashland's Amended and Restated Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% for the 3rd year. The employee stock option includes a tax withholding feature pursuant to the plan. Common Stock Units acquired pursuant to Ashland's 1995 Deferred Compensation Plan as of 2-3-04, payable in cash or stock upon termination of service and exempt under Rule 16b-3. (One (1) Common Stock Unit in the 1995 Plan is the equivalent of one (1) share of Ashland Common Stock) Converts to common stock on a one-for-one basis. M. Craig Hall Attorney-in-Fact 2004-02-05