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



                           Date of Report: May 5, 2003




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



     Delaware                         1-546                   87-0110150
  (State or other                  (Commission               (IRS Employer
  jurisdiction of                  File Number)              Identification
   incorporation)                                                 No.)



             5430 LBJ Freeway, Suite 1700, Dallas, TX    75240-2697
             (Address of principal executive offices)    (Zip Code)



                                 (972) 233-1700
              (Registrant's telephone number, including area code)



             (Former name or address, if changed since last report)


<PAGE>



Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits

                  (c)  Exhibit

         Item No.                Exhibit Index
         ----------              ----------------------------------------
         99.1                    Press release dated May 5, 3003
                                  issued by Valhi, Inc.


Item 9:  Regulation FD Disclosure

     The  registrant  hereby  furnishes the  information  set forth in the press
release  issued on May 5, 2003,  a copy of which is  attached  hereto as Exhibit
99.1 and incorporated herein by reference.

     The information,  including the exhibit,  the registrant  furnishes in this
report is not deemed  "filed" for  purposes of section 18 of the Exchange Act or
otherwise subject to the liabilities of that section. Registration statements or
other  documents  filed with the  Securities and Exchange  Commission  shall not
incorporate this information by reference,  except as otherwise expressly stated
in such filing.


<PAGE>


                                    SIGNATURE


     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/ Gregory M. Swalwell
                                      ----------------------------
                                      Gregory M. Swalwell
                                      Secretary




Date:  May 5,2003




<PAGE>


                                INDEX TO EXHIBITS


Exhibit No.       Description
-----------       --------------------------------------------------

99.1              Press release dated May 5, 2003 issued by Valhi, Inc.
[{"type": "8-K", "sequence": "1", "filename": "v8k0505.txt", "secsgml_size_bytes": 2988}]
{"company-data": {"conformed-name": "VALHI INC /DE/", "cik": "0000059255", "assigned-sic": "2060", "irs-number": "870110150", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-48391", "film-number": "03683357"}, "business-address": {"street1": "5430 LBJ FRWY", "street2": "STE 1700", "city": "DALLAS", "state": "TX", "zip": "75240", "phone": "9722331700"}, "mail-address": {"street1": "THREE LINCOLN CENTER", "street2": "5430 LBJ FREEWAY SUITE 1700", "city": "DALLAS", "state": "TX", "zip": "75240"}, "former-company": [{"former-conformed-name": "LLC CORP", "date-changed": "19870329"}, {"former-conformed-name": "LIBERTY LOAN CORP", "date-changed": "19800414"}]}
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

                           Date of Report: May 5, 2003

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

     Delaware                         1-546                   87-0110150
  (State or other                  (Commission               (IRS Employer
  jurisdiction of                  File Number)              Identification
   incorporation)                                                 No.)

             5430 LBJ Freeway, Suite 1700, Dallas, TX    75240-2697
             (Address of principal executive offices)    (Zip Code)

                                 (972) 233-1700
              (Registrant's telephone number, including area code)

             (Former name or address, if changed since last report)
Item 7:  Financial Statements, Pro Forma Financial Information and Exhibits

                  (c)  Exhibit

         Item No.                Exhibit Index
         ----------              ----------------------------------------
         99.1                    Press release dated May 5, 3003
                                  issued by Valhi, Inc.

Item 9:  Regulation FD Disclosure

     The  registrant  hereby  furnishes the  information  set forth in the press
release  issued on May 5, 2003,  a copy of which is  attached  hereto as Exhibit
99.1 and incorporated herein by reference.

     The information,  including the exhibit,  the registrant  furnishes in this
report is not deemed  "filed" for  purposes of section 18 of the Exchange Act or
otherwise subject to the liabilities of that section. Registration statements or
other  documents  filed with the  Securities and Exchange  Commission  shall not
incorporate this information by reference,  except as otherwise expressly stated
in such filing.
SIGNATURE

     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/ Gregory M. Swalwell
                                      ----------------------------
                                      Gregory M. Swalwell
                                      Secretary

Date:  May 5,2003
INDEX TO EXHIBITS

Exhibit No.       Description
-----------       --------------------------------------------------

99.1              Press release dated May 5, 2003 issued by Valhi, Inc.