UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 8-K/A
                                (Amendment No. 1)

                                 CURRENT REPORT

                Pursuant to Section 13 OR 15(d) of the Securities
                              Exchange Act of 1934

              Date of Report (Date of the earliest event reported)
                                October 18, 2005
                                ----------------

                                   Valhi, Inc.
             ------------------------------------------------------
             (Exact name of Registrant as specified in its charter)

    Delaware                          1-5467                     87-0110150
----------------                 ------------------          -----------------
(State or other                     (Commission                 (IRS Employer
jurisdiction of                     File Number)                Identification
incorporation)                                                         No.)

 5430 LBJ Freeway, Suite 1700, Dallas, Texas                      75240-2697
----------------------------------------------                  ------------
  (Address of principal executive offices)                        (Zip Code)

               Registrant's telephone number, including area code
                                 (972) 233-1700
                                 --------------


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

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2):

[   ]     Written  communications  pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

[   ]     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

[   ]     Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
          Exchange Act (17 CFR 240.14d-2(b))

[   ]     Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
          Exchange Act (17 CFR 240.13e-4(c))





Item 1.01 Entry into a Material Definitive Agreement.

Item 1.02 Termination of a Material Definitive Agreement.


The Current Report on Form 8-K of Valhi,  Inc.  ("Valhi") dated October 18, 2005
and filed  with the  Securities  Exchange  Commission  under SEC  Accession  No.
0000059255-05-000053  on October 19,  2005 (the "Form 8-K) is hereby  amended by
deleting the third paragraph under Items 1.01 and 1.02 and replacing it with the
following:


     "The foregoing  discussion of the Prepayment and Termination  Agreement and
the Amended and Restated  Company  Agreement are qualified in their  entirety by
the specific provisions of such documents and various related  agreements,  each
of which are attached hereto as Exhibits No. 10.1 through 10.7 and  incorporated
herein by reference."





Item 9.01 Financial Statements and Exhibits.

The  exhibit  list to the Form 8-K is  hereby  amended  by the  addition  of the
following exhibits:


(c) Exhibits.

 Item No.                            Exhibit Index
----------                         ----------------------------------------

     10.1* -   Prepayment and Termination Agreement dated October 14, 2005 among
               Valhi,  Inc.,  Snake  River  Sugar  Company  and Wells Fargo Bank
               Northwest, N.A.

     10.2* -   First Amendment to Deposit Trust Agreement dated October 14, 2005
               among ASC Holdings, Inc. and Wilmington Trust Company.

     10.3* -   Second Amended and Restated  Pledge  Agreement  dated October 14,
               2005 among ASC Holdings, Inc. and Snake River Sugar Company.

     10.4* -   Second  Pledge  Agreement  (SPT) dated October 14, 2005 among The
               Amalgamated Collateral Trust and Snake River Sugar Company

     10.5* -   Second SPT Guaranty dated October 14, 2005 among The  Amalgamated
               Collateral Trust and Snake River Sugar Company.

     10.6* -  Option Agreement dated October 14, 2005 among Valhi,  Inc., Snake
               River Sugar  Company,  Northwest Farm Credit  Services,  FLCA and
               U.S. Bank National Association.

     10.7* -  Amended and Restated Company  Agreement of The Amalgamated  Sugar
               Company LLC dated  October 14, 2005 among The  Amalgamated  Sugar
               Company  LLC,  Snake  River  Sugar  Company  and The  Amalgamated
               Collateral Trust.

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*  Filed herewith.







                                    SIGNATURE


     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.

                                       VALHI, INC.
                                       (Registrant)




                                      By: /s/ Gregory M. Swalwell
                                          ----------------------------
                                          Gregory M. Swalwell
                                          Vice President




Date:  November 15, 2005






                                INDEX TO EXHIBITS


Item No.                            Exhibit Index
----------                         ----------------------------------------

        10.1*- Prepayment and Termination Agreement dated October 14, 2005 among
               Valhi,  Inc.,  Snake  River  Sugar  Company  and Wells Fargo Bank
               Northwest, N.A.

        10.2*- First Amendment to Deposit Trust Agreement dated October 14, 2005
               among ASC Holdings, Inc. and Wilmington Trust Company.

        10.3*- Second Amended and Restated  Pledge  Agreement  dated October 14,
               2005 among ASC Holdings, Inc. and Snake River Sugar Company.

        10.4*- Second  Pledge  Agreement  (SPT) dated October 14, 2005 among The
               Amalgamated Collateral Trust and Snake River Sugar Company

        10.5*- Second SPT Guaranty dated October 14, 2005 among The  Amalgamated
               Collateral Trust and Snake River Sugar Company.

        10.6*- Option Agreement dated October 14, 2005 among Valhi,  Inc., Snake
               River Sugar  Company,  Northwest Farm Credit  Services,  FLCA and
               U.S. Bank National Association.

        10.7*- Amended and Restated Company  Agreement of The Amalgamated  Sugar
               Company LLC dated  October 14, 2005 among The  Amalgamated  Sugar
               Company  LLC,  Snake  River  Sugar  Company  and The  Amalgamated
               Collateral Trust.

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*  Filed herewith.