<ARTICLE> 5 <LEGEND> THE SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM VALHI, INC.'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIODS NOTED BELOW AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH CONSOLIDATED FINANCIAL STATEMENTS. SUCH SUMMARY FINANCIAL INFORMATION HAS BEEN RECLASSIFIED TO PRESENT THE RESULTS OF OPERATIONS OF (i) MEDITE CORPORATION AS DISCONTINUED OPERATIONS and (ii) THE AMALGAMATED SUGAR COMPANY ON THE EQUITY METHOD. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1994 <PERIOD-START> JAN-01-1994 <PERIOD-END> DEC-31-1994 <CASH> 170,747 <SECURITIES> 49,233 <RECEIVABLES> 204,828 <ALLOWANCES> 4,434 <INVENTORY> 498,097 <CURRENT-ASSETS> 936,134 <PP&E> 1,050,427 <DEPRECIATION> 242,696 <TOTAL-ASSETS> 2,480,703 <CURRENT-LIABILITIES> 656,222 <BONDS> 1,086,654 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 1,245 <OTHER-SE> 197,179 <TOTAL-LIABILITY-AND-EQUITY> 2,480,703 <SALES> 185,522 <TOTAL-REVENUES> 185,522 <CGS> 142,807 <TOTAL-COSTS> 142,807 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 18 <INTEREST-EXPENSE> 21,468 <INCOME-PRETAX> (8,542) <INCOME-TAX> (9,864) <INCOME-CONTINUING> 1,322 <DISCONTINUED> 10,278 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 11,600 <EPS-PRIMARY> .10 <EPS-DILUTED> .10