TREMONT CORPORATION
8-K, 1998-10-22
PRIMARY 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 20, 1998
        (Date of Report, date of earliest event reported)


                      TREMONT CORPORATION
      (Exact name of Registrant as specified in its charter)



      Delaware                 1-10126             76-0262791
     (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)


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



                        Not Applicable
      (Former name or address, if changed since last report)

                       


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Item 5:   Other Events

          On October 20, 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 Fourth Quarter 1998
dividend.



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

     (c)  Exhibits

          Item No.                        Exhibit List

          99.1      Press release dated October 20, 1998 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.



                              TREMONT CORPORATION
                              (Registrant)




                              By: /s/ Joan H. Prusse        
                                  Joan H. Prusse
                                  Assistant Secretary




Date:  October 20, 1998
                         


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                                                                    EXHIBIT 99.1



                                 PRESS RELEASE



FOR IMMEDIATE RELEASE         CONTACT:

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


                    TREMONT DECLARES FOURTH QUARTER DIVIDEND


     DENVER, COLORADO . . . October 20, 1998 . . . Tremont Corporation (NYSE:
TRE) announced today that its board of directors, at its most recent meeting,
declared a regular quarterly dividend of seven cents ($0.07) per share of common
stock, payable on December 30, 1998, to stockholders of record as of the close
of business on December 15, 1998.

     Tremont Corporation, headquartered in Denver, Colorado, is principally a
holding company with operations in the titanium metals business, conducted
through Titanium Metals Corporation, the titanium dioxide business, conducted
through NL Industries, Inc., and real estate development, conducted through
Victory Valley Land Company, L.P.


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