SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
HIGDEM GARRY M

(Last) (First) (Middle)
STE 700
900 ASHWOOD PKWY

(Street)
ATLANTA GA 30338

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/12/2004
3. Issuer Name and Ticker or Trading Symbol
ASHLAND INC [ ash ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
No securities are beneficially owned.
M. Craig Hall - Attorney-in-Fact 01/15/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
                                                                  Exhibit 24

                             POWER OF ATTORNEY


The undersigned  hereby appoints each of David L. Hausrath,  Linda L. Foss,
and M. Craig Hall, signing singly, his true and lawful attorney-in-fact to:

(1)      apply for and obtain on behalf of the  undersigned  the  necessary
         access  codes to file Forms 3, 4, 5 and 144,  pursuant  to Section
         16(a) of the  Securities  Exchange Act of 1934 and Rule 144 of the
         Securities Act of 1933, respectively, electronically via the EDGAR
         system pursuant to Regulation S-T and the rules thereunder, and

(2)      act in a filing agent capacity to perform any and all acts for and
         on behalf of the  undersigned  which may be  necessary to complete
         the  filing  of any  such  Form  3,  4, 5 and 144  with  the  U.S.
         Securities  and  Exchange  Commission  and any other  authority in
         accordance  with Section 16(a) of the  Securities  Exchange Act of
         1934 and the rules thereunder.

The undersigned hereby grants to each  attorney-in-fact  the full power and
authority,  for me and on my behalf,  to  perform  all acts  necessary  and
proper to be done in the exercise of the rights and powers hereby granted.

The  undersigned  acknowledges  that the foregoing  individuals  are acting
under this Power of Attorney at the request of the undersigned, and are not
assuming any of the undersigned's  responsibilities  to comply with Section
16 of the Securities Exchange Act of 1934 or Rule 144 of the Securities Act
of 1933.

Each  attorney-in-fact  shall be  authorized  to act  under  this  Power of
Attorney  only so long as such  attorney-in-fact  is an employee of Ashland
Inc.,  or until  such  time as this  Power of  Attorney  has been  revoked,
annulled or set aside.

IN WITNESS WHEREOF,  the undersigned has executed this Power of Attorney as
of this 12th day of January, 2004.




                            /s/ Garry M. Higdem

                              Garry M. Higdem