For SEC Filing Purposes:
Filed under Rule 424(b)(2)
Registration No. 33-57011
Pricing Supplement No. 16 Dated October 30, 1996
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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: $168,000,000)
Original Issue Date: November 4, 1996
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Maturity Date: November 6, 2006
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Interest Rate: 6.99%
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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
BEAR, STEARNS & CO. INC. --------------