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): February 21, 2006

                                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))


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Item 7.01.  Regulation FD Disclosure

     On February  21,  2006,  Ashland  Inc.  will  include the  information
contained in exhibits  99.1 - 99.16,  and graphic  images  thereof,  on the
"Investor Relations" section of its website located at www.ashland.com,  or
in employee communications.

     Ashland is furnishing the  information  pursuant to the Securities and
Exchange  Commission's ("SEC") Regulation FD. The information  contained in
exhibits  99.1 - 99.16 is summary  information  concerning  key metrics for
Ashland's  divisional  operations  and is intended to be  considered in the
context of  Ashland's  SEC  filings  and other  public  announcements  that
Ashland may make from time to time.

     By filing this report on Form 8-K,  Ashland  makes no  admission as to
the  materiality of any  information in this report.  Ashland  reserves the
right to discontinue the availability of the data in the attached exhibits.




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Item 9.01.  Financial Statements and Exhibits

(c)      Exhibits

     99.1  Website  data  concerning  Ashland   Distribution's   sales  per
           shipping day
     99.2  Website data concerning Ashland Distribution's revenue
     99.3  Website data concerning Ashland Distribution's gross profit
     99.4  Website data concerning  Ashland  Specialty  Chemical's  average
           sales per shipping day
     99.5  Website data concerning Ashland Specialty Chemical's revenue
     99.6  Website  data  concerning  Ashland  Specialty  Chemical's  gross
           profit
     99.7  Website data concerning Valvoline's premium oil sales
     99.8  Website data concerning Valvoline's revenue
     99.9  Website data  concerning  Valvoline  Instant Oil Change's twelve
           month rolling average sales
     99.10 Website data  concerning  APAC's  rolling  twelve month contract
           awards
     99.11 Website data concerning APAC's lost time incident rates and OSHA
           recordable incident rates
     99.12 Website data concerning  APAC's monthly revenue and twelve month
           rolling average revenue
     99.13 Website data concerning APAC's backlog
     99.14 Website data  concerning  APAC's  asphalt mix  production
     99.15 Website  data  concerning  U.S.  Gulf Coast Barge  Prices
     99.16 Website data concerning  APAC's  14-state  weighted diesel price
           index




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                                 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:  February 21, 2006                 /s/ David L. Hausrath
                                 --------------------------------------------
                                 Name:   David L. Hausrath
                                 Title:  Senior Vice President,
                                         General Counsel and
                                         Secretary





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                               Exhibit Index

     99.1  Website  data  concerning  Ashland   Distribution's   sales  per
           shipping day
     99.2  Website data concerning Ashland Distribution's revenue
     99.3  Website data concerning Ashland Distribution's gross profit
     99.4  Website data concerning  Ashland  Specialty  Chemical's  average
           sales per shipping day
     99.5  Website data concerning Ashland Specialty Chemical's revenue
     99.6  Website  data  concerning  Ashland  Specialty  Chemical's  gross
           profit
     99.7  Website data concerning Valvoline's premium oil sales
     99.8  Website data concerning Valvoline's revenue
     99.9  Website data  concerning  Valvoline  Instant Oil Change's twelve
           month rolling average sales
     99.10 Website data  concerning  APAC's  rolling  twelve month contract
           awards
     99.11 Website data concerning APAC's lost time incident rates and OSHA
           recordable incident rates
     99.12 Website data concerning  APAC's monthly revenue and twelve month
           rolling average revenue
     99.13 Website data concerning APAC's backlog
     99.14 Website data  concerning  APAC's  asphalt mix  production
     99.15 Website  data  concerning  U.S.  Gulf Coast Barge  Prices
     99.16 Website data concerning  APAC's  14-state  weighted diesel price
           index


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