VALHI INC /DE/ — Director's Dealing 2004

May 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2004-05-25

Reporting Person: BARRY THOMAS E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-25	Common stock, $0.01 par value per share	A	1000	—	Acquired	4000	Direct

Footnotes

F1: Shares issued for no cash consideration to non-employee directors under the Valhi, Inc. 1997 Long-Term Incentive Plan.