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 earliest event reported) October 20, 2004


                           TITANIUM METALS CORPORATION
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             (Exact name of registrant as specified in its charter)


 Delaware                               0-28538                  13-5630895
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(State or other jurisdiction           (Commission             (IRS Employer
 of incorporation)                      File Number)         Identification No.)


1999 Broadway, Ste. 4300, Denver, Colorado                           80202
(Address of principal executive offices)                         (Zip Code)

Registrant's telephone number, including area code               (303) 296-5600
                                                  ------------------------------


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         (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. below):

[ ] 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 8.01         Other Events.

     The  registrant  hereby  furnishes the  information  set forth in its press
release  issued on  October  20,  2004,  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 October 20, 2004, issued by the registrant.





                                                     SIGNATURES

     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.



                                    TITANIUM METALS CORPORATION
                                   (Registrant)

                                   /s/ Joan H. Prusse
                                   ---------------------------------------------
                                   Joan H. Prusse
                                   Vice President, General Counsel and Secretary



Date: October 20, 2004








                 INDEX TO EXHIBITS

Exhibit No.      Description
-----------      ---------------------------------------------------------------
    99.1         Press Release dated October 20, 2004, issued by the registrant.







                                                                    EXHIBIT 99.1
                                  PRESS RELEASE


FOR IMMEDIATE RELEASE:                      CONTACT:

Titanium Metals Corporation                 Bruce P. Inglis
1999 Broadway, Suite 4300                   Vice President - Finance, Corporate
Denver, Colorado 80202                         Controller and Treasurer
                                            (303) 296-5600


           TIMET DECLARES DIVIDEND ON 6-3/4% SERIES A PREFERRED STOCK



     DENVER,  COLORADO . . . October 20, 2004 . . . Titanium Metals  Corporation
("TIMET"  or the  "Company")  (NYSE:  TIE)  announced  today  that its  board of
directors, at its most recent meeting, declared a quarterly dividend of $0.84375
per share on its 6-3/4% Series A Preferred  Stock,  payable on December 15, 2004
to stockholders of record as of the close of business on December 1, 2004.

     TIMET,  headquartered in Denver,  Colorado, is a leading worldwide producer
of titanium metal  products.  Information on TIMET is available on the Company's
website at www.timet.com.

                                    o o o o o