For SEC Filing Purposes:
Filed under Rule 424(b)(2)
Registration No. 333-36888
Pricing Supplement No. 1 Dated August 10, 2000
To Prospectus Dated May 19, 2000 and
Prospectus Supplement Dated May 23, 2000
$300,000,000
ASHLAND INC.
MEDIUM-TERM NOTES, SERIES J
Due 9 Months or More from Date of Issue
Principal Amount: $250,000,000
(Total Principal Amount Issued to Date: $250,000,000)
Original Issue Date: August 15, 2000
Maturity Date: August 15, 2005
Interest Rate: 7.83%
Record Date: February 1 and August 1
Interest Payment Date: February 15 and August 15
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: $1,250,000
Agent's Commitments:
Name Principal Amount
---- ----------------
Salomon Smith Barney Inc. $185,000,000
Credit Suisse First Boston Corporation $ 50,000,000
Bear Stearns 15,000,000
----------------
$250,000,000
