UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): December 29, 2005 ASHLAND INC. (Exact name of registrant as specified in its charter) Kentucky (State or other jurisdiction of incorporation) 1-32532 20-0865835 (Commission File Number) (I.R.S. Employer Identification No.) 50 E. RiverCenter Boulevard, Covington, Kentucky 41012-0391 (Address of principal executive offices) (Zip Code) P.O. Box 391, Covington, Kentucky 41012-0391 (Mailing Address) (Zip Code) Registrant's telephone number, including area code (859) 815-3333 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 2230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01. Other Events Effective December 29, 2005, Ashland Inc. took the actions required under the indenture dated August 15, 1989, as later amended (the "Indenture") to discharge certain obligations with regard to following notes: 6.625% Senior Notes (CUSIP No.: 044204AC9) ($2,960,000), 7.90% Series F Medium-Term Notes (CUSIP No.: 04454CDG8) ($1,604,000), 7.79% Series F Medium-Term Notes (CUSIP No.: 04454CDH6) ($1,200,000), 8.38% Series F Medium-Term Notes (CUSIP No.: 04420QAK2) ($8,500,000), 7.40% Series G Medium-Term Notes (CUSIP No.: 04420QAV8) ($2,541,000), 7.16% Series G Medium-Term Notes (CUSIP No.: 04420QAY2) ($5,000,000), 7.71% Series G Medium-Term Notes (CUSIP No.: 04420QAN6) ($5,000,000), 6.86% Series H Medium-Term Notes (CUSIP No.: 04420QBD7) ($17,105,000). Such discharges are subject to certain remaining conditions provided in the Indenture. -2- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ASHLAND INC. ------------------------------------------- (Registrant) Date: January 3, 2006 /s/ J. Marvin Quin -------------------------------------------- Name: J. Marvin Quin Title: Senior Vice President, and Chief Financial Officer