TITANIUM METALS CORP
8-K, 1998-05-21
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



                                 May 19, 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
                incorporation)                               Number)
<PAGE>




            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 May 19, 1998, the Registrant issued the press release attached
hereto as Exhibit 99.1, which is incorporated herein by reference.  The press
release relates to the Registrant's declaration of a dividend and the results of
the election of directors at its annual meeting of shareholders.


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

     (c)  Exhibits

          Item No.         Exhibit List                          
<PAGE>


           99.1          Press release dated May 19, 1998 issued by Registrant.






























<PAGE>

                            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.



                              TIMET CORPORATION
                              (Registrant)



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




Date: May 20, 1998









<PAGE>



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 INITIAL DIVIDEND


     DENVER, COLORADO . . . May 19, 1998 . . . Titanium Metals Corporation
(Nasdaq: TIMT) announced today that its board of directors, at the board's
annual meeting, declared its first regular quarterly dividend of four cents
($0.04) per share of common stock, payable on June 15, 1998 to stockholders of
record as of the close of business on June 1, 1998.

     In addition, TIMET announced that at the annual meeting of stockholders,
TIMET stockholders re-elected J. Landis Martin, Joseph S. Compofelice, Andrew R.
Dixey, Edward C. Hutcheson, Jr. and General Thomas P. Stafford as directors.

     Titanium Metals Corporation, headquartered in Denver, Colorado, is a
leading worldwide integrated producer of titanium metal products


                                    .. .. .

<PAGE>



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