SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934

March 12, 1996 
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(Date of Report, date of earliest event reported)

VALHI, INC.
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(Exact name of Registrant as specified in its charter)

Delaware              1-5467             87-0110150
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(State or other        (Commission         (IRS Employer
jurisdiction of        File Number)        Identification
incorporation)                             No.)
5430 LBJ Freeway, Suite 1700, Dallas, TX     75240-2697 
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(Address of principal executive offices)     (Zip Code)

(214) 233-1700
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(Registrant's telephone number, including area code)

Not applicable
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(Former name or address, if changed since last report)

Item 5:  Other Events
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On March 12,  1996 , the Registrant issued the press -
release attached  hereto as  Exhibit 99.1  which is  incorporated
herein by reference.

Item 7:  Financial Statements,  Pro Forma  Financial Information -
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and Exhibits
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(c)  Exhibit
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Item No.             Exhibit Index
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99.1        Press release dated March 12, 1996

issued by the Registrant

SIGNATURES
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Pursuant to the requirements  of the Securities  Exchange
Act of 1934,  the Registrant has  duly caused this  report to  be
signed on its behalf by the undersigned hereunto duly authorized.

VALHI, INC.
(Registrant)

By:/s/ Steven L. Watson --------
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Steven L. Watson Vice
President & Secretary
Date:  March 12, 1996
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DALLAS, TEXAS .  .  .  March 12, 1996 .  .  .  Valhi, Inc.
(NYSE:VHI) announced today that it is increasing the regular
quarterly dividend on its common stock from three cents ($.03)
per share to five cents ($.05) per share and that its Board of
Directors has declared a first quarter dividend of five cents
($0.05) per share on its common stock, payable March 29, 1996, to
stockholders of record at the close of business March 22, 1996.

Valhi, Inc. is a diversified company engaged in the chemicals, 
refined sugar, building products and other industries.