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VALHI INC. ANNOUNCES FILING OF REGISTRATION STATEMENT

 VALHI INC. ANNOUNCES FILING OF REGISTRATION STATEMENT
 DALLAS, July 23 /PRNewswire/ -- Valhi Inc. (NYSE: VHI) announced


today that it has filed a preliminary registration statement with the Securities and Exchange Commission in connection with a proposed public offering of zero coupon Liquid Yield Option(TM) Notes ("LYONs"(TM)) due 2007 (trademark of Merrill Lynch & Co. Inc.) which are exchangeable for shares of Baroid Corp. (NYSE: BRC) common stock owned by Valhi. Valhi anticipates, based on current market conditions, receiving proceeds of approximately $70 million to $80 million in connection with the offering. Subject to compliance with applicable securities laws, Valhi intends to offer the LYONs, only pursuant to a final prospectus, in an underwritten public offering through Merrill Lynch & Co. beginning in August 1992.
 The registration statement relating to the LYONs has not yet become effective. The LYONs may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the LYONs in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Valhi Inc., headquartered in Dallas, is a diversified company engaged in the refined sugar, forest products, fast food and hardware products industries and, indirectly through its equity interests in NL Industries Inc. and Tremont Corp., in the chemicals, titanium metals and bentonite mining industries. Valhi's common stock is traded on the New York and Pacific stock exchanges under the symbol "VHI." Baroid's common stock is traded on the New York and Pacific stock exchanges under the symbol "BRC."
 -0- 7/23/92
 /CONTACT: William C. Timm, VP-finance and administration of Valhi, 214-450-4212/
 (VHI BRC) CO: Valhi Inc.; Baroid Corp. ST: Texas IN: SU:


KJ-CH -- LA026 -- 2582 07/23/92 13:38 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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