X0202 4 2006-10-25 0 0001305014 ASHLAND INC. ASH 0001023582 OBRIEN JAMES J /KY 50 E RIVERCENTER BOULEVARD COVINGTON KY 41012-0391 0 1 0 0 Chief Executive Officer Common Stock 1051 I 401(K) Common Stock Units 0 2006-10-25 4 J 0 337 68.5 D Common Stock 337 121139 D Common Stock Units 0 2006-10-25 4 J 0 17639 58.3 A Common Stock 17639 138778 D Based on Employee Savings Plan information as of 10-26-2006, the latest date for which such information is reasonably available. This information includes adjustment for special dividend of $10.20 per share paid by Ashland Inc. on 10-25-2006. Payment of tax liability by withholding incident to the receipt of the vesting on a dividend payment of Common Stock Units acquired pursuant to Ashland's Stock Incentive Plan as of 10-25-06, and exempt under Rule 16b-3(d). (One (1) Common Stock Unit in the Deferred Compensation Plan is the equivalent of one (1) share of Ashland Common Stock.) 1-for-1 Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan as of 10-25-06, exempt under Rule 16b-3(d). (One (1) Common Stock Unit in the Deferred Compensation Plan is the equivalent of one (1) share of Ashland Common Stock.) David B Mattingly 2006-10-27