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): August 20, 2003


                                  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
- ------   ------------

     On June 30, 2003, Ashland Inc. ("Ashland") filed a Form 8-K disclosing
that it had  signed a  definitive  agreement  to sell the net assets of its
Electronic   Chemicals  business  and  certain  related  subsidiaries  (the
"Transaction")  to Air  Products  and  Chemicals,  Inc.  ("Air  Products").
Ashland  subsequently  disclosed  that  Honeywell   International  Inc.,  a
Delaware  corporation  ("Honeywell"),  and  GEM  Microelectronic  Materials
L.L.C. ("GEM"), a joint venture between Honeywell and Texas Ultrapure Inc.,
filed suit against Ashland and Air Products seeking,  among other remedies,
a preliminary and permanent  injunction  preventing the consummation of the
Transaction.  Ashland also disclosed that Teamsters  Local Union No. 773 in
Allentown,  Pennsylvania  ("Union")  filed suit seeking a  preliminary  and
permanent injunction preventing the consummation of the Transaction.

     The Union's  injunction request was dismissed with prejudice on August
20, 2003.  On August 21, 2003,  the Delaware  Chancery  Court in New Castle
County,  Delaware  denied  Honeywell's  and GEM's request for a preliminary
injunction preventing the consummation of the Transaction.  Ashland expects
the Transaction to close on August 29, 2003.



                                 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:  August 22, 2003                        /s/ J. Marvin Quin
                                           --------------------------------
                                           Name:     J. Marvin Quin
                                           Title:    Senior Vice President
                                                     and Chief Financial
                                                     Officer



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