Filed under Rule 424(b)(2) Registration No. 33-57011 Pricing Supplement No. 5 Dated August 6, 1996 ------------------------------------------------ To Prospectus Dated April 24, 1995 and Prospectus Supplement Dated April 24, 1995 $200,000,000 ASHLAND INC. MEDIUM-TERM NOTES, SERIES G Due from 9 Months or More from Date of Issue Principal Amount: $5,000,000 (Total Principal Amount Issued to Date: $51,000,000) Original Issue Date: August 9, 1996 ------------------- Maturity Date: August 9, 2016 ------------------- Interest Rate: 7.56% ------------------- Redemption: Check box opposite applicable paragraph. [ x ] The Notes cannot be redeemed prior to maturity. [ ] The Notes may be redeemed prior to maturity. Initial Redemption Date: The optional Redemption Price on and after the Initial Redemption Date shall initially be % of the principal amount of the Notes to be redeemed and shall decline at each anniversary of the Initial Redemption Date by % of the principal amount to be redeemed until the Optional Redemption Price is 100% of such principal amount. Commission to be paid to agent. $ 37,500.00 --------------Filed under Rule 424(b)(2) Registration No. 33-57011 Pricing Supplement No. 6 Dated August 6, 1996 ------------------------------------------------ To Prospectus Dated April 24, 1995 and Prospectus Supplement Dated April 24, 1995 $200,000,000 ASHLAND INC. MEDIUM-TERM NOTES, SERIES G Due from 9 Months or More from Date of Issue Principal Amount: $5,000,000 (Total Principal Amount Issued to Date: $56,000,000) Original Issue Date: August 9, 1996 ------------------- Maturity Date: August 9, 2016 ------------------- Interest Rate: 7.56% ------------------- Redemption: Check box opposite applicable paragraph. [ x ] The Notes cannot be redeemed prior to maturity. [ ] The Notes may be redeemed prior to maturity. Initial Redemption Date: The optional Redemption Price on and after the Initial Redemption Date shall initially be % of the principal amount of the Notes to be redeemed and shall decline at each anniversary of the Initial Redemption Date by % of the principal amount to be redeemed until the Optional Redemption Price is 100% of such principal amount. Commission to be paid to agent. $ 37,500.00 -------------- Filed under Rule 424(b)(2) Registration No. 33-57011 Pricing Supplement No. 7 Dated August 6, 1996 ------------------------------------------------ To Prospectus Dated April 24, 1995 and Prospectus Supplement Dated April 24, 1995 $200,000,000 ASHLAND INC. MEDIUM-TERM NOTES, SERIES G Due from 9 Months or More from Date of Issue Principal Amount: $10,000,000 (Total Principal Amount Issued to Date: $66,000,000) Original Issue Date: August 9, 1996 ------------------- Maturity Date: August 9, 2006 ------------------- Interest Rate: 7.22% ------------------- Redemption: Check box opposite applicable paragraph. [ x ] The Notes cannot be redeemed prior to maturity. [ ] The Notes may be redeemed prior to maturity. Initial Redemption Date: The optional Redemption Price on and after the Initial Redemption Date shall initially be % of the principal amount of the Notes to be redeemed and shall decline at each anniversary of the Initial Redemption Date by % of the principal amount to be redeemed until the Optional Redemption Price is 100% of such principal amount. Commission to be paid to agent. $ 60,000.00 --------------