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: 2006-05-19

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: SIMMONS HAROLD C (Director, Chairman of the Board, 10% Owner)
Reporting Person: TREMONT LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-19	Common Stock, $.01 par value	J	5600	$33.74	Acquired	5525600	Indirect
2006-05-19	Common Stock, $.01 par value	J	2100	$33.75	Acquired	5527700	Indirect
2006-05-19	Common Stock, $.01 par value	J	500	$33.9	Acquired	5528200	Indirect
2006-05-19	Common Stock, $.01 par value	J	200	$33.89	Acquired	5528400	Indirect
2006-05-19	Common Stock, $.01 par value	J	4800	$33.85	Acquired	5533200	Indirect
2006-05-19	Common Stock, $.01 par value	J	52100	$34	Acquired	5585300	Indirect
2006-05-19	Common Stock, $.01 par value	J	1000	$33.95	Acquired	5586300	Indirect
2006-05-19	Common Stock, $.01 par value	J	200	$33.94	Acquired	5586500	Indirect
2006-05-19	Common Stock, $.01 par value	J	23500	$34.6	Acquired	5610000	Indirect
2006-05-19	Common Stock, $.01 par value	J	10000	$34.4	Acquired	5620000	Indirect
2006-05-22	Common Stock, $.01 par value	J	4000	$31.07	Acquired	5624000	Indirect
2006-05-22	Common Stock, $.01 par value	J	1000	$31.10	Acquired	5625000	Indirect
2006-05-22	Common Stock, $.01 par value	J	10000	$31.3	Acquired	5635000	Indirect
2006-05-22	Common Stock, $.01 par value	J	7800	$31.31	Acquired	5642800	Indirect
2006-05-22	Common Stock, $.01 par value	J	2200	$31.35	Acquired	5645000	Indirect
2006-05-22	Common Stock, $.01 par value	J	3300	$31.37	Acquired	5648300	Indirect
2006-05-22	Common Stock, $.01 par value	J	6900	$31.4	Acquired	5655200	Indirect
2006-05-22	Common Stock, $.01 par value	J	5500	$31.44	Acquired	5660700	Indirect
2006-05-22	Common Stock, $.01 par value	J	1400	$31.47	Acquired	5662100	Indirect
2006-05-22	Common Stock, $.01 par value	J	2900	$31.48	Acquired	5665000	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.