VALCOR, INC.

                                PRESS RELEASE


FOR IMMEDIATE RELEASE:                       CONTACT:

VALCOR, INC.                                 STEVEN L. WATSON
THREE LINCOLN CENTRE                         VICE PRESIDENT
5430 LBJ FREEWAY , SUITE 1700                VALCOR, INC.
DALLAS, TEXAS  75240-2697                    (972) 233-1700
(972) 233-1700
                                             JEANNE M. CARR
                                             SENIOR VICE PRESIDENT
                                             MACKENZIE PARTNERS, INC.
                                             (212) 929-5500


                  VALCOR  ANNOUNCES  TENDER  OFFER  FOR  NOTES

     Dallas, Texas . . . March 20, 1997 . . . Valcor, Inc., a wholly owned
subsidiary of Valhi, Inc. (NYSE:VHI), has commenced an offer to purchase on a
pro rata basis up to $86.7 million principal amount of Valcor's 9 5/8% Senior
Notes due 2003 for a cash purchase price equal to 100% of the principal amount
plus accrued and unpaid interest to the date of purchase.

     The Company is making the offer in order to satisfy the terms of an
"Excess Proceeds Offer" set forth in the Indenture governing the 9 5/8% Senior
Notes.  The total offer amount of $86.7 million equals the net available cash
resulting from the sale of substantially all of the assets of Medite
Corporation, the Company's wholly owned building products subsidiary.

     The offer will expire at 5:00 p.m. (Dallas, Texas time) on Thursday,
April 24, 1997, unless extended.

     The information agent for the offer is MacKenzie Partners, Inc.  The
information agent's address is 156 Fifth Avenue, New York, New York 10010 and
telephone numbers are (800) 322-3885 (toll free) or (212) 929-5500 (call
collect).

     The Company is mailing copies of the Offer to Purchase dated March 20, 1997
and related letter of transmittal to all holders of the 9 5/8% Senior Notes. 
In addition, copies may be obtained from the information agent.