For SEC Filing Purposes:
Filed under Rule 424(b)(2)
Registration No. 333-70651
Pricing Supplement No. 1 Dated May 4, 1999
To Prospectus Dated March 10, 1999 and
Prospectus Supplement Dated March 12, 1999
$220,000,000
ASHLAND INC.
MEDIUM-TERM NOTES, SERIES H
Due 9 Months or More from Date of Issue
Principal Amount: $150,000,000
(Total Principal Amount Issued to Date: $150,000,000)
Original Issue Date: May 7, 1999
Maturity Date: May 1, 2009
Interest Rate: 6.86%
Record Date: April 15 and October 15
Interest Payment Date: May 1 and November 1
Redemption:
Check box opposite applicable paragraph.
[ x ] The Notes cannot be redeemed prior to maturity.
The Notes may be redeemed prior to maturity.
Commission to be paid to agent: $975,000
Agent's Commitments:
Name Principal Amount
---- ----------------
Credit Suisse First Boston Corporation $105,000,000
Salomon Smith Barney Inc. 22,500,000
Chase Securities Inc. 22,500,000
----------------
$150,000,000
