ACCOUNTING CHANGE TO CAUSE SLIDE IN ASHLAND PROFITS

Ashland Oil Inc. predicts a change in its accounting procedures will cause a net charge of about $290 million and significant loss in the company's current fiscal year. The loss will include special item charges totalling about $100 million after tax in its fiscal fourth quarter ending this Sept. 30. The items cover reserves for environmental costs, various asset impairments, and implementation of a voluntary retirement program.

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