TITANIUM METALS CORP
8-K, 1999-07-26
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



                                 July 21, 1999

               (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)
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            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 July 21, 1999 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 Third Quarter
1999 dividend.


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

     (c)  Exhibits

Item            Exhibit List
No.


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          99.1           Press release dated July 21, 1999 issued by Registrant


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                                   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/ Joan H. Prusse
                                     Joan H. Prusse
                                     Assistant Secretary



Date: July 21, 1999




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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
Denver, Colorado  80202                           (303) 296-5617


                     TIMET DECLARES  THIRD QUARTER DIVIDEND


     DENVER, COLORADO . . . July 21, 1999 . . . 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 September 15, 1999 to stockholders of record as of
the close of business on September 1, 1999.

     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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