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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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)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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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