VALHI INC /DE/ — Director's Dealing 2006

May 23, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TITANIUM METALS CORP (TIE)
CIK: 0001011657
Period of Report: 2006-05-22

Reporting Person: CONTRAN CORP (10% Owner)
Reporting Person: VALHI INC /DE/ (10% Owner)
Reporting Person: NATIONAL CITY LINES INC (10% Owner)
Reporting Person: DIXIE RICE AGRICULTURE CORP INC (10% Owner)
Reporting Person: SOUTHWEST LOUISIANA LAND CO INC (10% Owner)
Reporting Person: NOA INC (10% Owner)
Reporting Person: VALHI GROUP INC (10% Owner)
Reporting Person: VALHI HOLDING CO (10% Owner)
Reporting Person: TREMONT LLC (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
2006-05-22	Common Stock, $.01 par value	J	500	$32.17	Acquired	5665500	Indirect
2006-05-22	Common Stock, $.01 par value	J	400	$32.3	Acquired	5665900	Indirect
2006-05-22	Common Stock, $.01 par value	J	300	$32.32	Acquired	5666200	Indirect
2006-05-22	Common Stock, $.01 par value	J	500	$33.33	Acquired	5666700	Indirect
2006-05-22	Common Stock, $.01 par value	J	700	$32.34	Acquired	5667400	Indirect
2006-05-22	Common Stock, $.01 par value	J	500	$32.35	Acquired	5667900	Indirect
2006-05-22	Common Stock, $.01 par value	J	700	$32.36	Acquired	5668600	Indirect
2006-05-22	Common Stock, $.01 par value	J	6400	$32.37	Acquired	5675000	Indirect
2006-05-22	Common Stock, $.01 par value	J	2200	$32.46	Acquired	5677200	Indirect
2006-05-22	Common Stock, $.01 par value	J	2300	$32.47	Acquired	5679500	Indirect
2006-05-22	Common Stock, $.01 par value	J	30500	$32.5	Acquired	5710000	Indirect
2006-05-22	Common Stock, $.01 par value	J	1200	$32.61	Acquired	5711200	Indirect
2006-05-22	Common Stock, $.01 par value	J	500	$32.69	Acquired	5711700	Indirect
2006-05-22	Common Stock, $.01 par value	J	1100	$32.7	Acquired	5712800	Indirect
2006-05-22	Common Stock, $.01 par value	J	100	$32.74	Acquired	5712900	Indirect
2006-05-22	Common Stock, $.01 par value	J	300	$32.75	Acquired	5713200	Indirect
2006-05-22	Common Stock, $.01 par value	J	5100	$32.78	Acquired	5718300	Indirect
2006-05-22	Common Stock, $.01 par value	J	1700	$32.8	Acquired	5720000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.01 par value	50474000	Indirect

Footnotes

F1: Open market purchase by Valhi, 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.

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

F3: Directly held by Tremont LLC. See the Additional Information filed as Exhibit 99 to this statement for a description of the
relationship among the persons joining in this filing.