TITANIUM METALS CORP
8-K, 2000-05-05
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

                                 April 27, 2000
                ----------------------------------------------------------------
                (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)



                1999 Broadway, Suite 4300, Denver, CO            80202
                ----------------------------------------------------------------
               (Address of principal executive offices)        (Zip Code)


                                 (303) 296-5600
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                  (Registrant's telephone number, including area code)


                                 Not Applicable

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





Item 5:  Other Events

         On April 27,  2000 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 receipt
of a quarterly dividend payment on Special Metals Preferred Stock.

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

 (c)      Exhibits

          Item No.                    Exhibit List
         -------------- ------------------------------------------------------
          99.1          Press Release dated April 27, 2000 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
                                 Executive Vice President -
                                 Legal and Administration

Date: April 28, 2000




                                                                   EXHIBIT 99.1

                            PRESS RELEASE

FOR IMMEDIATE RELEASE                       CONTACT:

Titanium Metals Corporation                 Mark A. Wallace
1999 Broadway, Suite 4300                   Executive Vice President &
Denver, Colorado  80202                     Chief Financial Officer
                                            303-296-5615

                    TIMET RECEIVES QUARTERLY DIVIDEND PAYMENT

                           ON SPECIAL METALS PREFERRED

         DENVER, COLORADO . . . April 27, 2000 . . . Titanium Metals Corporation
("TIMET")  (NYSE:TIE)  announced  today that it  received a  quarterly  dividend
payment  of $1.3  million on the 6.625%  Series A Senior  Convertible  Preferred
Stock of Special Metals Corporation  (Nasdaq:SMCX) held by TIMET. Special Metals
had deferred payment of dividends on the shares since the first quarter of 1999.
Special  Metals has advised TIMET that it does not plan to pay any arrearages at
this time.

         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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