For SEC Filing Purposes:
Filed under Rule 424(b)(3)
Registration No. 333-70651
Pricing Supplement No.4 Dated March 29, 2000
-----------------------------------------------
To Prospectus Dated March 10, 1999 and
Prospectus Supplement Dated September 3, 1999
$300,000,000
ASHLAND INC.
MEDIUM-TERM NOTES, SERIES I
Due 9 Months or More from Date of Issue
Principal Amount: $15,000,000
Original Issue Date: March 28, 2000
Maturity Date: March 31, 2003
Interest Rate: Floating Rate
Initial Interest Rate: LIBOR + 60 basis points
Base Rate: LIBOR Telerate
Index Currency: U.S. Dollars
Index Maturity: 3 Months
Spread: + 60 basis points
Interest Payment Dates: Each June 30, September 30,
December 31, and March 31,
beginning June 30, 2000
Interest Reset Dates: Each June 30, September 30,
December 31, and March 31,
beginning June 30, 2000
Redemption:
Check box opposite applicable paragraph.
|_| The Notes cannot be redeemed prior to maturity.
|X| The Notes may be redeemed prior to maturity.
<PAGE>
Initial Redemption Date: March 31, 2001 and thereafter
on a quarterly basis on each Interest
Payment Date
The Optional Redemption Price on and after the Initial Redemption Date
shall be 100% of the principal amount of the Notes to be redeemed.
Commission to be paid to agent:
Prudential Securities $52,500
Use of Proceeds:
The proceeds from the sale of these Notes will be used to refund debt
related to the acquisition of the U.S. construction operations of Superfos
a/s and to pay down short-term debt.
