SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 1) Ashland Coal, Inc. (Name of issuer) Common Stock (Title of class of securities) 043906 10 6 (CUSIP number) Check the following box if a fee is being paid with the statement. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less or such class.) (See Rule 13d-7.)CUSIP No. 043906 10 6 13G 1 NAME OF REPORTING PERSONS Ashland Oil, Inc. S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS 61-0122250 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) N/A (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Kentucky NUMBER OF 5 SOLE VOTING POWER SHARES 6,998,129 BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 0 EACH 7 SOLE DISPOSITIVE POWER REPORTING 6,998,129 PERSON WITH 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,998,129 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 38.3% 12 TYPE OF REPORTING PERSON CO Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Item 1. (a) Name of Issuer: Ashland Coal, Inc. (b) Address of Issuer's Principal Executive Offices: P. O. Box 6300 Huntington, West Virginia 25771 Item 2. (a) Name of Person Filing: Ashland Oil, Inc. (b) Address of Principal Business Office: P.O. Box 391 Ashland, Kentucky 41114 (c) Citizenship: Kentucky (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 043906 10 6 Item 3. Not applicable Item 4. (a) Amount Beneficially Owned: 6,998,129 shares (b) Percent of Class: 38.3% (c) Number of shares to which such person has: (i) sole power to vote or to direct the vote - 6,998,129 (ii) shared power to vote or to direct the vote - 0 (iii) sole power to dispose or to direct the disposition of - 6,998,129 (iv) shared power to dispose or to direct the disposition of - 0 Item 5. Ownership of Five Percent or Less of a Class: Not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not applicable Item 8. Identification and Classification of Members of the Group: Not applicable Item 9. Notice of Dissolution of Group: Not applicable Item 10. Certification: Not applicable SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 9, 1994 ________________________________ (Date) /s/ Thomas L. Feazell ________________________________ Thomas L. Feazell Senior Vice President, General Counsel and Secretary of Ashland Oil, Inc.