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): June 30, 2005

                                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              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


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 2230.425)
[   ]  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))






Item 8.01 Other Events

         Ashland Inc. ("Ashland")  announced today that it extended and has
completed its previously announced tender offers and consent  solicitations
in respect of certain of its notes.  Each of the tender offers set forth in
Ashland's Offer to Purchase and Consent Solicitation  Statement and related
Letter of  Transmittal  and  Consent  darted  June 1,  2005 (the  "Offer to
Purchase"),  was  extended on June 30, 2005 from its  previously  announced
expiration  at 10 a.m.,  New York time,  on June 30,  2005,  and expired at
11:15 a.m., New York time, on June 30, 2005 (the "Expiration Date"), except
such offers in respect of each of the following of its notes:  9.35% Series
B Medium-Term  Notes (CUSIP  No.:04454CAJ5)  and 9.20% Series D Medium-Term
Notes (CUSIP  No.:04454CBF2),  each of which was  completed at 5 p.m.,  New
York time, on June 29, 2005.
         Ashland  has  accepted  for  payment  all Notes that were  validly
tendered  prior to  11:15  a.m.,  New  York  time,  on June  30,  2005,  in
accordance  with the terms and subject to the  conditions of the applicable
tender offers described in the Offer to Purchase.  Settlement in respect of
such Notes  occurred  today  promptly  following  expiration  of the tender
offers.
         Details of the  extension  and  completion of the debt tenders and
consent  solicitations,  including  the  percentage of each series of Notes
accepted for purchase, is set forth in the attached press release, which is
attached hereto as Exhibit 99.1 and incorporated herein by reference.


 Item 9.01.  Financial Statements and Exhibits

(c)      Exhibits

99.1     Press Release dated June 30, 2005







                                 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 30, 2005                  /s/ J. Marvin Quin       
                                -----------------------------------
                                Name:     J. Marvin Quin
                                Title:    Senior Vice President,
                                          Chief Financial Officer







                               EXHIBIT INDEX

99.1     Press Release dated June 30, 2005