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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000059255-04-000023.txt : 20040713
<SEC-HEADER>0000059255-04-000023.hdr.sgml : 20040713
<ACCEPTANCE-DATETIME>20040713190213
ACCESSION NUMBER:		0000059255-04-000023
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040709
FILED AS OF DATE:		20040713

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VALHI INC /DE/
		CENTRAL INDEX KEY:			0000059255
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				870110150
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		THREE LINCOLN CENTER
		STREET 2:		5430 LBJ FREEWAY SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LLC CORP
		DATE OF NAME CHANGE:	19870329

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY LOAN CORP
		DATE OF NAME CHANGE:	19800414

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CONTRAN CORP
		CENTRAL INDEX KEY:			0000024240
		STANDARD INDUSTRIAL CLASSIFICATION:	PERSONAL CREDIT INSTITUTIONS [6141]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-48391
		FILM NUMBER:		04912769

	BUSINESS ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240
		BUSINESS PHONE:		9724504228

	MAIL ADDRESS:	
		STREET 1:		5430 LBJ FRWY
		STREET 2:		SUITE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SIMMONS HAROLD C
		CENTRAL INDEX KEY:			0001037854
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-48391
		FILM NUMBER:		04912768

	BUSINESS ADDRESS:	
		STREET 1:		THREE LINCOLN CENTRE
		STREET 2:		5430 LBJ FREEWAY STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240-2697
		BUSINESS PHONE:		9722331700

	MAIL ADDRESS:	
		STREET 1:		THREE LINCOLN CENTRE
		STREET 2:		5430 LBJ FREEWAY STE 1700
		CITY:			DALLAS
		STATE:			TX
		ZIP:			75240-2697
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<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-07-09</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000059255</issuerCik>
        <issuerName>VALHI INC /DE/</issuerName>
        <issuerTradingSymbol>VHI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000024240</rptOwnerCik>
            <rptOwnerName>CONTRAN CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>5430 LBJ FRWY</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 1700</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75240</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001037854</rptOwnerCik>
            <rptOwnerName>SIMMONS HAROLD C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>THREE LINCOLN CENTRE</rptOwnerStreet1>
            <rptOwnerStreet2>5430 LBJ FREEWAY STE 1700</rptOwnerStreet2>
            <rptOwnerCity>DALLAS</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>75240-2697</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman of the Board &amp; CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-07-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5400</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.61</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3792700</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-07-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>9600</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.75</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3802300</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-07-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>11.74</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>3803100</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>92739554</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by Valhi Group, Inc.</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10891009</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by National City Lines, Inc.</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>439400</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>by CDCT No. 2</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Directly held by Valhi Group, Inc. See the Additional Information filed as an exhibit to this statement for a description of
the relationships among the persons joining in this filing.</footnote>
        <footnote id="F2">Directly held by National City Lines, Inc. See the Additional Information filed as an exhibit to this statement for a
description of the relationships among the persons joining in this filing.</footnote>
        <footnote id="F3">Directly held by Contran Deferred Compensation Trust No. 2. See the Additional Information filed as an exhibit to this
statement for a description of the relationships among the persons joining in this filing.</footnote>
    </footnotes>

    <remarks>Mr. Harold C. Simmons and his spouse directly hold 3,383 and 43,400 shares, respectively, of the common stock of the issuer.
Mr. Simmons disclaims beneficial ownership of the shares of the issuer's common stock that his spouse owns.</remarks>

    <ownerSignature>
        <signatureName>A. Andrew R. Louis, Secretary for Contran Corporation</signatureName>
        <signatureDate>2004-07-13</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons</signatureName>
        <signatureDate>2004-07-13</signatureDate>
    </ownerSignature>
</ownershipDocument>

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<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>vhi40712.htm
<DESCRIPTION>ADDITIONAL INFORMATION
<TEXT>
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     <!-- Control Number: jgc40623                                                         -->
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<BODY><P align=left>Additional Information </P>


<P>Valhi Group, Inc. (&#147;VGI&#148;), National City Lines, Inc. (&#147;National&#148;), Contran Corporation (&#147;Contran&#148;), the
 Harold Simmons Foundation, Inc. (the &#147;Foundation&#148;), the CDCT No. 2 and The Combined Master Retirement
 Trust (the &#147;CMRT&#148;) are the direct holders of approximately 77.6%, 9.1%, 3.2%, 0.9%, 0.4% and 0.1%, respectively,
 of the outstanding common stock of Valhi, Inc. (&#147;Valhi&#148;). National, NOA, Inc. (&#147;NOA&#148;) and Dixie Holding
 Company (&#147;Dixie Holding&#148;) are the direct holders of approximately 73.3%, 11.4% and 15.3%, respectively,
 of the outstanding common stock of VGI. Contran and NOA are the direct holders of approximately 85.7%
 and 14.3%, respectively, of the outstanding common stock of National. Contran and Southwest Louisiana
 Land Company, Inc. (&#147;Southwest&#148;) are the direct holders of approximately 49.9% and 50.1%, respectively,
 of the outstanding common stock of NOA. Dixie Rice Agricultural Corporation, Inc. (&#147;Dixie Rice&#148;) is
 the direct holder of 100% of the outstanding common stock of Dixie Holding. Contran is the holder of
 100% of the outstanding common stock of Dixie Rice and approximately 88.9% of the outstanding common
 stock of Southwest.</P>


<P>Substantially all of Contran&#146;s outstanding voting stock is held by trusts established for the benefit
 of certain children and grandchildren of Harold C. Simmons (the &#147;Trusts&#148;), of which Mr. Simmons is the
 sole trustee, or is held by Mr. Simmons or persons or other entities related to Mr. Simmons. As sole
 trustee of each of the Trusts, Mr. Simmons has the power to vote and direct the disposition of the shares
 of Contran stock held by each of the Trusts. Mr. Simmons, however, disclaims beneficial ownership of
 any shares of Contran stock that the Trusts hold.</P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

<P>The Foundation directly holds approximately 0.9% of the outstanding Valhi common stock. The Foundation
 is a tax-exempt foundation organized for charitable purposes. Harold C. Simmons is the chairman of the
 board of the Foundation and may be deemed to control the Foundation.</P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

<P>The CDCT No. 2 directly holds approximately 0.4% of the outstanding Valhi common stock. U.S. Bank National
 Association serves as the trustee of the CDCT No. 2. Contran established the CDCT No. 2 as an irrevocable
 &#147;rabbi trust&#148; to assist Contran in meeting certain deferred compensation obligations that it owes to
 Harold C. Simmons. If the CDCT No. 2 assets are insufficient to satisfy such obligations, Contran is
 obligated to satisfy the balance of such obligations as they come due. Pursuant to the terms of the
 CDCT No. 2, Contran (i) retains the power to vote the shares of Valhi common stock held directly by
 the CDCT No. 2, (ii) retains dispositive power over such shares and (iii) may be deemed the indirect
 beneficial owner of such shares.</P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

<P>The CMRT directly holds 0.1% of the outstanding shares of Valhi common stock. Valhi established the CMRT
 as a trust to permit the collective investment by master trusts that maintain the assets of certain
 employee benefit plans Valhi and related companies adopt. Mr. Simmons is the sole trustee of the CMRT
 and a member of the trust investment committee for the CMRT. Mr. Simmons is a participant in one or
 more of the employee benefit plans that invest through the CMRT.</P>

<!-- MARKER FORMAT-SHEET="Para (List) Flush" FSL="Default" -->

<P>Mr.&nbsp;Harold C. Simmons is chairman of the board of Valhi, VGI, National, NOA, Dixie Holding, Dixie
 Rice, Southwest and Contran.</P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

<P>By virtue of the offices held, the stock ownership and his services as trustee, all as described above,
 (a) Mr. Simmons may be deemed to control certain of such entities and (b) Mr. Simmons and certain of
 such entities may be deemed to possess indirect beneficial ownership of, and a pecuniary interest in,
 shares of common stock directly held by certain of such other entities. However, Mr. Simmons disclaims
 such beneficial ownership of, and such pecuniary interest in, such shares beneficially owned, directly
 or indirectly, by any of such entities.</P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->

<P>The reporting person understands that Valmont Insurance Company (&#147;Valmont&#148;), NL Industries, Inc. (&#147;NL&#148;)
 and a subsidiary of NL directly own 1,000,000, 3,522,967 shares and 1,186,200 shares, respectively,
 of Valhi common stock as of the date of this statement. Valhi and Tremont LLC are the direct holders
 of approximately 62.3% and 21.1%, respectively, of the outstanding common stock of NL. Valhi is the
 holder of 100% of the outstanding membership interests of Tremont LLC and 100% of the outstanding common
 stock of Valmont. As a result of Valhi&#146;s direct and indirect ownership of Valmont, NL and its subsidiary,
 the reporting person further understands that, pursuant to Delaware law, Valhi treats the shares of
 Valhi common stock that Valmont, NL and its subsidiary own as treasury stock for voting purposes. For
 the purposes of this statement, such shares of Valhi common stock that Valmont, NL and its subsidiary
 hold directly are not deemed outstanding.</P>

<P>A trust, of which Harold C. Simmons and his spouse are trustees and the
beneficiaries are the grandchildren of his spouse, is the direct holder of
40,000 shares of the issuer's common stock.  Mr. Simmons, as co-trustee of this
trust, has the power to vote and direct the disposition of the shares of the
issuer's common stock the trust holds.  Mr. Simmons disclaims beneficial
ownership of any shares of the issuer's common stock that this trust holds.</P>

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