UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                Pursuant to Section 13 OR 15(d) of the Securities
                              Exchange Act of 1934

              Date of Report (Date of the earliest event reported)
                                 March 16, 2006
                                ----------------

                                   Valhi, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

     Delaware                        1-5467                     87-0110150
-------------------            ------------------           -----------------
  (State or other                 (Commission                 (IRS Employer
  jurisdiction of                 File Number)                Identification
  incorporation)                                                   No.)

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

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


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

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):

[   ]     Written  communications  pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

[   ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

[   ]     Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
          Exchange Act (17 CFR 240.14d-2(b))

[   ]     Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
          Exchange Act (17 CFR 240.13e-4(c))





Item 2.02 Results of Operations and Financial Condition.

Item 7.01 Regulation FD Disclosure.

     Pursuant  to Items 2.02 and 7.01 of this  current  report,  the  registrant
hereby  furnishes the information set forth in its press release issued on March
16,  2006, 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 Securities
Exchange Act of 1934, as amended, 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.

Item 9.01  Financial Statements and Exhibits.

      (c) Exhibits.

     Item No.                Exhibit Index
   ----------    ----------------------------------------
99.1             Press Release dated March 16, 2006 issued by the registrant.






                                    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
                                               Vice President




Date:  March 16, 2006







                                INDEX TO EXHIBITS


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

99.1              Press Release dated March 16, 2006 issued by the registrant.