Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
CONTRAN CORP
  2. Issuer Name and Ticker or Trading Symbol
VALHI INC /DE/ [VHI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
5430 LBJ FRWY, SUITE 1700
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2006
(Street)

DALLAS, TX 75240
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock, $0.01 par value per share 11/01/2006   J(1)   1,000,000 D $ 23.5 107,098,763 I by Valhi Holding Co. (2)
Common stock, $0.01 par value per share               3,383 I by Harold C. Simmons (3)
Common stock, $0.01 par value per share               439,400 I by CDCT No. 2 (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CONTRAN CORP
5430 LBJ FRWY
SUITE 1700
DALLAS, TX 75240
    X    
VALHI HOLDING CO
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
VALHI GROUP INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
DIXIE HOLDING CO
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
DIXIE RICE AGRICULTURE CORP INC
600 PASQUIERE ST
GUEYDAN, LA 70542
    X    
NATIONAL CITY LINES INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
NOA INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
SOUTHWEST LOUISIANA LAND CO INC
402 CANAL ST
HOUMA, LA 70360
    X    
SIMMONS HAROLD C
THREE LINCOLN CENTRE
5430 LBJ FREEWAY STE 1700
DALLAS, TX 75240-2697
  X   X   Chairman of the Board  

Signatures

 A. Andrew R. Louis, Secretary, for Contran Corporation   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Valhi Holding Company   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Valhi Group, Inc.   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Dixie Holding Company   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Dixie Rice Agricultural Corporation, Inc.   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for National City Lines, Inc.   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for NOA, Inc.   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Southwest Louisiana Land Company, Inc.   11/02/2006
**Signature of Reporting Person Date

 A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons   11/02/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On November 1, 2006, the issuer, Valhi, Inc. ("Valhi"), purchased (the "Stock Purchase"), one million shares of its common stock, par value $0.01 per share (the "Common Stock"), from Valhi Holding Co., for $23.50 per share.
(2) Directly held by Valhi Holding Co. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the persons joining in this filing.
(3) Directly held by Harold C. Simmons. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the persons joining in this filing.
(4) Directly held by the Contran Deferred Compensation Trust No. 2. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the persons joining in this filing.
 
Remarks:
Exhibit Index:
Exhibit 99 - Additional Information

Mr. Harold C. Simmons and his spouse directly hold 3,383 and 43,400 shares, respectively, of the common stock of the issuer.
 Mr. Simmons disclaims beneficial ownership of the shares of the issuer's common stock that his spouse owns.

See the Additional Information filed as Exhibit 99 to this statement for a description of the relationships among the persons
 joining in this filing.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.