Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  WILLIS J KEVIN
2. Date of Event Requiring Statement (Month/Day/Year)
05/03/2013
3. Issuer Name and Ticker or Trading Symbol
ASHLAND INC. [ASH]
(Last)
(First)
(Middle)
50 E. RIVERCENTER BLVD.
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Financial Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

COVINGTON, KY 41011
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 13,836 (1)
I
401(k)
Common Stock 1,012
D
 
Restricted Stock 10,302 (2)
D
 
Common Stock 887 (3)
I
LESOP

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right 11/15/2007 12/15/2016 Common Stock 2,900 $ 65.78 (4) D  
Stock Appreciation Right 11/18/2010 12/18/2019 Common Stock 1,600 $ 37.69 (4) D  
Stock Appreciation Right 11/17/2011 12/17/2020 Common Stock 2,500 $ 51.86 (4) D  
Stock Appreciation Right 12/02/2012 01/02/2022 Common Stock 4,900 $ 55.56 (5) D  
Stock Appreciation Right 11/14/2013 12/14/2022 Common Stock 5,800 $ 70.37 (5) D  
Common Stock Units   (6)   (6) Common Stock 14,764 $ (7) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
WILLIS J KEVIN
50 E. RIVERCENTER BLVD.
COVINGTON, KY 41011
      Chief Financial Officer  

Signatures

/s/ David A. Rines, Attorney-in-Fact 05/03/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Based on Employee Savings Plan information as of April 26, 2013, the latest date for which such information is reasonably available.
(2) Represents shares of Restricted Common Stock acquired pursuant to Ashland's stock incentive plans as approved by the shareholders and exempt pursuant to Rule 16b-3.
(3) Shares accrued under Ashland's Leveraged Employee Stock Ownership Plan as of 4/26/2013.
(4) Stock Appreciation Right granted pursuant to the 2006 Ashland Inc. Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year.
(5) Stock Appreciation Right granted pursuant to the 2011 Ashland Inc. Incentive Plan which vests in three annual installments: 50% after the 1st year, the next 25% the 2nd year and the remaining 25% the 3rd year.
(6) Common Stock Units acquired pursuant to Ashland's Deferred Compensation Plan (the "Plan") and exempt under Rule 16b-3(d). (One (1) Common Stock Unit in the Deferred Compensation Plan is the equivalent of one (1) share of Ashland Common Stock.)
(7) 1 for 1.

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