TITANIUM METALS CORP
8-K, 1998-10-05
SECONDARY SMELTING & REFINING OF NONFERROUS METALS
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                       SECURITIES AND EXCHANGE COMMISSION


                              WASHINGTON, DC 20549


                                    FORM 8-K

                                 CURRENT REPORT


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



                              October 5, 1998


               (Date of Report, date of earliest event reported)



                           TITANIUM METALS CORPORATION

             (Exact name of Registrant as specified in its charter)



                  Delaware                0-28538             13-5630895

               (State or other          (Commission         (IRS Employer
                jurisdiction of          File Number)        Identification
<PAGE>          incorporation)                               Number)



            1999 Broadway, Suite 4300, Denver, CO             80202

           (Address of principal executive offices)         (Zip Code)


                                 (303) 296-5600

              (Registrant's telephone number, including area code)


                                Not Applicable

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

Item 5:   Other Events

     On October 5, 1998, the Registrant issued the press release attached hereto
as Exhibit 99.1, which is incorporated herein by reference.  The press release
relates to an announcement by Registrant regarding Registrant's Fourth Quarter
1998 dividend.



Item 7:   Financial Statements, Pro Forma Financial Information and Exhibits

     (c)  Exhibits

Item            Exhibit List

<PAGE>

No.


          99.1           Press release dated October 5, 1998 issued by
                         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)




                              By: /s/ Robert E. Musgraves
                                  Robert E. Musgraves
                                  Vice President, General Counsel
                                   and Secretary




Date: October 5, 1998
<PAGE>
                               
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                                                                    Exhibit 99.1



                                  PRESS RELEASE



FOR IMMEDIATE RELEASE                   CONTACT:

Titanium Metals Corporation             J. Thomas Montgomery, Jr.
1999 Broadway, Suite 4300               Vice President-Finance & Treasurer
Denver, Colorado  80202                 303-296-5600


                     TIMET DECLARES FOURTH QUARTER DIVIDEND


     DENVER, COLORADO . . . October 5, 1998 . . . Titanium Metals Corporation
(NYSE: TIE) announced today that its board of directors, at its most recent
meeting, declared a regular quarterly dividend of four cents ($0.04) per share
of common stock, payable on December 15, 1998, to stockholders of record as of
the close of business on December 1, 1998.

     Titanium Metals Corporation, headquartered in Denver, Colorado, is a
leading worldwide integrated producer of titanium metal products.  Information
on TIMET is available on the World Wide Web at http://www.timet.com/.


                                    .. .. .

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