Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
SIMMONS HAROLD C
2. Issuer Name and Ticker or Trading Symbol
TITANIUM METALS CORP [TIE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman of the Board
(Last)
(First)
(Middle)

THREE LINCOLN CENTRE, 5430 LBJ FREEWAY STE 1700
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2007
(Street)


DALLAS, TX 75240-2697
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(check applicable line)

___ Form Filed by One Reporting Person
_X_ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock, $.01 par value 04/18/2007   G 28,466 D $ (1) 6,894,239 D  
Common Stock, $.01 par value 04/19/2007   G 28,575 D $ (1) 6,894,239 D  
Common Stock, $.01 par value 10/30/2007   G 60,000 D $ (1) 6,894,239 D  
Common Stock, $.01 par value 02/06/2007   G 290,000 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 02/20/2007   G 55,000 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 02/20/2007   G 27,500 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 04/13/2007   G 55,600 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 05/09/2007   G 26,300 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 05/09/2007   G 26,300 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 05/15/2007   G 26,100 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 05/15/2007   G 25,185 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value 07/20/2007   G 28,600 D $ (1) 21,167,875 I by Spouse (2)
Common Stock, $.01 par value             48,708,761 I by VHC (3)
Common Stock, $.01 par value             882,568 I by NL (4)
Common Stock, $.01 par value             826,959 I by Valhi (5)
Common Stock, $.01 par value             566,529 I by NL EMS (6)
Common Stock, $.01 par value             17,432 I by Trust (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SIMMONS HAROLD C
THREE LINCOLN CENTRE
5430 LBJ FREEWAY STE 1700
DALLAS, TX 75240-2697
  X   X   Chairman of the Board  
Simmons Annette C
5430 LBJ FREEWAY, SUITE 1700
DALLAS, TX 75240
    X    

Signatures

A. Andrew R. Louis, Attorney-in-fact, for Harold C. Simmons 02/12/2008
**Signature of Reporting Person Date

A. Andrew R. Louis, Attorney-in-fact, for Annette C. Simmons 02/12/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Charitable donation.
(2) Directly held by the Reporting Person's spouse. The Reporting Person disclaims beneficial ownership of these shares
(3) Directly held by Valhi Holding Company. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the persons joining in this filing.
(4) Directly held by NL Industries, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the persons joining in this filing.
(5) Directly held by Valhi, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the persons joining in this filing.
(6) Directly held by NL Environmental Management Services, Inc. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the persons joining in this filing.
(7) Directly held by The Annette Simmons Grandchildren's Trust. See the Additional Information filed as Exhibit 99 to this statement for a description of the relationship to the persons joining in this filing.
 
Remarks:
Exhibit Index
99 Additional Information

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