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
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(Print or Type Responses)
1. Name and Address of Reporting Person *
CONTRAN CORP
  2. Issuer Name and Ticker or Trading Symbol
TITANIUM METALS CORP [TIE]
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)
02/26/2007
(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, $.01 par value 02/26/2007   C   196,000 A (1) 6,323,000 I by Valhi (2)
Common Stock, $.01 par value               50,474,000 I by Tremont (3)

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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
Series A Preferred Stock (1) 02/26/2007   C     14,700   (1)   (4) Common Stock, $.01 par value 196,000 (1) 0 I by Valhi (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
CONTRAN CORP
5430 LBJ FRWY
SUITE 1700
DALLAS, TX 75240
    X    
VALHI INC /DE/
THREE LINCOLN CENTER
5430 LBJ FREEWAY SUITE 1700
DALLAS, TX 75240
    X    
NATIONAL CITY LINES INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
DIXIE RICE AGRICULTURE CORP INC
600 PASQUIERE ST
GUEYDAN, LA 70542
    X    
SOUTHWEST LOUISIANA LAND CO INC
402 CANAL ST
HOUMA, LA 70360
    X    
NOA INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
VALHI GROUP INC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
VALHI HOLDING CO
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    X    
TREMONT LLC
5430 LBJ FREEWAY
SUITE 1700
DALLAS, TX 75240
    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   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Valhi, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for National City Lines, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Dixie Rice Agricultural Corporation, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Southwest Louisiana Land Company, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for NOA, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Valhi Group, Inc.   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Valhi Holding Company   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Secretary, for Tremont LLC   02/28/2007
**Signature of Reporting Person Date

 A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons   02/28/2007
**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) The 6-3/4% series A convertible preferred stock, par value $0.01 per share ("Series A Preferred Stock"), of the issuer is convertible into shares of the issuer's common stock at any time at the rate of thirteen and one-third shares of the issuer's common stock for each share of the Series A preferred Stock. Accordingly, on 02/26/2007, the reporting person converted 14,700 shares of Series A Preferred Stock into 196,000 shares of the issuer's common stock.
(2) Directly held by Valhi, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship among the persons joining in this filing.
(3) Directly held by Tremont LLC. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship among the persons joining in this filing.
(4) No expiration date.
 
Remarks:
Mr. Harold C. Simmons directly holds 5,112,900 shares of the Common Stock of the issuer. Mr. Simmons' spouse also owns
 1,571,815 shares of the issuer's Series A Preferred Stock.  Mr. Simmons disclaims beneficial ownership of the shares of the
 issuer's stock that his spouse owns and she disclaims beneficial ownership of all shares of the issuer's stock that she
 doesn't hold directly.

This form is also filed on behalf of Dixie Holding Company, 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240 By: /s/ A. Andrew
 R. Louis, Secretary (executed 02/28/2007) and Annette C. Simmons, 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240 By: /s/ A.
 Andrew R. Louis, Attorney-in-fact (executed 02/28/2007).

See the Additional Information attached as Exhibit 99 to this filing for a description of the relationships among the issuer
 and the reporting persons.

Exhibit Index
99 Additional Information

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