VALHI INC /DE/ — Director's Dealing 2006

Nov 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2006-11-01

Reporting Person: CONTRAN CORP (10% Owner)
Reporting Person: VALHI HOLDING CO (10% Owner)
Reporting Person: VALHI GROUP INC (10% Owner)
Reporting Person: DIXIE HOLDING CO (10% Owner)
Reporting Person: DIXIE RICE AGRICULTURE CORP INC (10% Owner)
Reporting Person: NATIONAL CITY LINES INC (10% Owner)
Reporting Person: NOA INC (10% Owner)
Reporting Person: SOUTHWEST LOUISIANA LAND CO INC (10% Owner)
Reporting Person: SIMMONS HAROLD C (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	Common stock, $0.01 par value per share	J	1000000	$23.50	Disposed	107098763	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.01 par value per share	3383	Indirect
Common stock, $0.01 par value per share	439400	Indirect

Footnotes

F1: On November 1, 2006, the issuer, Valhi, Inc. ("Valhi"), purchased (the "Stock Purchase"), one million shares of its common
stock,
par value $0.01 per share (the "Common Stock"), from Valhi Holding Co., for $23.50 per share.

F2: Directly held by Valhi Holding Co. See the Additional Information filed as Exhibit 99 to this statement for a description of
the relationships among the persons joining in this filing.

F3: Directly held by Harold C. Simmons. See the Additional Information filed as Exhibit 99 to this statement for a description
of the relationships among the persons joining in this filing.

F4: 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.