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.)
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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
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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
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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.
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