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                                


VALCOR ANNOUNCES COMPLETION OF TENDER OFFER FOR NOTES

     Dallas, Texas . . . September 19, 1997 . . . Valcor, Inc., a wholly owned
subsidiary of Valhi, Inc. (NYSE:VHI), announced today the results of its offer
to purchase any and all of its 9 5/8% Senior Notes due 2003 for a cash purchase
price equal to $1,057.50 per $1,000 principal amount of the tendered notes plus
accrued and unpaid interest to, but not including, the date of purchase.  The
offer expired at 5:00 p.m. (Dallas, Texas time) on September 18, 1997.

     Based on the final report provided by the depositary, holders had tendered
and not withdrawn approximately $66.2 million principal amount of the Notes, all
of which Valcor has accepted for purchase.  Following Valcor's purchase of the
tendered Notes, approximately $2.4 million principal amount of the Notes remain
outstanding.

     As previously announced and based on reports provided by the depositary, as
of 5:00 p.m. (Dallas, Texas time) on September 9, 1997, Valcor had received
consents from the holders representing more than a majority in principal amount
of the outstanding notes to approve the amendments to the indenture governing
the notes as set forth in the Consent Solicitation Statement and Offer to
Purchase dated August 6, 1997, as supplemented on September 4, 1997.  The
amendments became effective upon the expiration of the offer to purchase.  The
consent payments of $10 per $1,000 principal amount of the notes to which such
consents related will be paid concurrently with the payment of the cash purchase
price for the tendered notes.