Filed under Rule 424(b)(2)
                                              Registration No. 33-57011


    Pricing Supplement No. 4 Dated September 7, 1995
    ------------------------------------------------

    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:           $9,000,000

                  (Total Principal Amount Issued to Date:     $46,000,000)


          Original Issue Date:                         September 12, 1995 
                                                       ------------------- 

          Maturity Date:                               September 12, 2002
                                                       ------------------- 

          Interest Rate:                                      6.75%
                                                       -------------------

    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:                        $ 49,500.00
      DONALDSON, LUFKIN & JENRETTE                        -------------- 
        SECURITIES CORPORATION