VALHI INC /DE/ — Director's Dealing 2008

Jan 24, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: VALHI INC /DE/ (VHI)
CIK: 0000059255
Period of Report: 2008-01-18

Reporting Person: CONTRAN CORP (10% Owner)
Reporting Person: VALHI HOLDING CO (10% Owner)
Reporting Person: DIXIE RICE AGRICULTURE CORP 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
2008-01-18	Common stock, $0.01 par value per share	J	31500	$14.3790	Acquired	194300	Indirect
2008-01-22	Common stock, $0.01 par value per share	J	43900	$14.7108	Acquired	238200	Indirect
2008-01-23	Common stock, $0.01 par value per share	J	6500	$14.8128	Acquired	244700	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock, $0.01 par value per share	105538163	Indirect

Footnotes

F1: Open market purchase by TIMET Finance Management Company. See the Additional Information filed as Exhibit 99 to this
statement for a description of the relationships.

F2: The aggregate shares purchased as reported on this line represent the total amount of 23 separate purchases of the issuer's
common stock on 01/18/2008. The reported purchase prices are the average purchase prices for these 23 purchases, which
purchase prices ranged from $14.14 to $14.50 per share.

F3: The aggregate shares purchased as reported on this line represent the total amount of 20 separate purchases of the issuer's
common stock on 01/22/2008. The reported purchase prices are the average purchase prices for these 20 purchases, which
purchase prices ranged from $14.34 to $14.75 per share.

F4: The aggregate shares purchased as reported on this line represent the total amount of 20 separate purchases of the issuer's
common stock on 01/22/2008. The reported purchase prices are the average purchase prices for these 20 purchases, which
purchase prices ranged from $14.44 to $15.00 per share.

F5: Directly held by TIMET Finance Management Company. See the Additional Information filed as Exhibit 99 to this statement for
a description of the relationships.

F6: Directly held by Valhi Holding Company. See the Additional Information filed as Exhibit 99 to this statement for a
description of the relationships among the persons joining in this filing.