SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13D (Rule 13d-101) Under the Securities Exchange Act of 1934 (Amendment No. 4) Melamine Chemicals, Inc. (Name of issuer) Common Stock (Title of class of securities) 585332 10 9 (CUSIP number) Thomas L. Feazell 1000 Ashland Drive Russell, KY 41169 (606) 329-3403 (Name, address and telephone number of person authorized to receive notices and communications) November 14, 1997 (Date of event which requires filing of this statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box. XCUSIP No. 585332 10 9 13D 1 NAME OF REPORTING PERSONS Ashland 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) Not Applicable (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS Not Applicable 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) Not Applicable 6 CITIZENSHIP OR PLACE OF ORGANIZATION Kentucky NUMBER OF 7 SOLE VOTING POWER SHARES 0 shares BENEFICIALLY 8 SHARED VOTING POWER OWNED BY 0 shares EACH 9 SOLE DISPOSITIVE POWER REPORTING 0 shares PERSON WITH 10 SHARED DISPOSITIVE POWER 0 shares 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 shares 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES Not Applicable 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% 14 TYPE OF REPORTING PERSON CO Securities and Exchange Commission Washington, D.C. 20549 Schedule 13D Ashland Inc. ("Ashland") hereby amends and supplements its Schedule 13D (the "Schedule 13D") originally filed with the Securities and Exchange Commission (the "Commission") on June 30, 1997, as amended by an Amendment No. 1 (the "Amendment No. 1"), filed with the Commission on August 14, 1997, Amendment No. 2 (the "Amendment No. 2"), filed with the Commission on August 26, 1997, and Amendment No. 3 (the "Amendment No. 3"), filed with the Commission on October 10, 1997, relating to Ashland's ownership of Common Stock, par value $.01 per share, of Melamine Chemicals, Inc. ("MCI"), as set forth in this Amendment No 4. Capitalized terms not defined herein have the meanings assigned thereto in the Schedule 13D. Item 4. Purpose of Transaction: Item 4 of the Schedule 13D is hereby amended to add at the end thereof the following: On November 14, 1997, Borden Chemicals, Inc. accepted for purchase all of the shares of Melamine Chemicals, Inc. owned by Ashland Inc. at a price of $20.50 per share. As a result, Ashland Inc. is no longer a shareholder of Melamine Chemicals, Inc. 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. November 25, 1997 /s/ Thomas L. Feazell ----------------------------------- Thomas L. Feazell Senior Vice President, General Counsel and Secretary