COMPANY LOGO

                       VALHI DECLARES QUARTERLY DIVIDEND

          DALLAS, TEXAS  .  .  .  October 28, 1996  .  .  .  Valhi, Inc.
     (NYSE:VHI) announced today that its Board of Directors has declared a
     regular quarterly dividend of five cents ($0.05) per share on its
     common stock, payable on December 31, 1996 to stockholders of record
     at the close of business on December 13, 1996.


          Valhi, Inc. is a major producer of titanium dioxide pigments,
     refined sugar and other products.