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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000024240-04-000158.txt : 20041015
<SEC-HEADER>0000024240-04-000158.hdr.sgml : 20041015
<ACCEPTANCE-DATETIME>20041015123114
ACCESSION NUMBER:		0000024240-04-000158
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040913
FILED AS OF DATE:		20041015
DATE AS OF CHANGE:		20041015

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:		041080388

	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:		041080387

	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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<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-09-13</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</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, $0.01 par value per share</value>
            </securityTitle>
            <transactionDate>
                <value>2004-10-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8800</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4062500</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>2004-10-14</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>4200</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4066700</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 Exhibit 99 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 Exhibit 99 to this statement for a
description of the relationships among the persons joining in this filing.</footnote>
        <footnote id="F3">Directly held by the Contran Deferred Compensation Trust No. 2. See the Additional Information filed as Exhibit 99 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.

See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the persons
joining in this filing.

Exhibit Index:
Exhibit 99 - Additional Information</remarks>

    <ownerSignature>
        <signatureName>A. Andrew R. Louis, Secretary, for Contran Corporation</signatureName>
        <signatureDate>2004-10-14</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons</signatureName>
        <signatureDate>2004-10-14</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>vhi41013.htm
<DESCRIPTION>EXHIBIT 99 ADDITIONAL INFORMATION
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99 Additional Information</TITLE>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+) -->
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     <!-- Control Number: jgc41014                                                         -->
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<BODY><P align=left>Exhibit 99 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%, 3.4%, 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  approximately 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,  except to the extent of his interest as a beneficiary of the CDCT No.
2 and his vested  beneficial  interest,  if any,  in the shares of Valhi  common
stock the CMRT holds directly. </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  62.2% 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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