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

                                    FORM 8-K

                                 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 30, 2006
                                ----------------

                           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)                                                      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 2.02  Results of Operations and Financial Condition.

Item 7.01  Regulation FD Disclosure.

     Pursuant  to Items 2.02 and 7.01 of this  current  report,  the  registrant
hereby  furnishes  the  information  set  forth in its press  release  issued on
October  30,  2006,  a copy of which is  attached  hereto  as  Exhibit  99.1 and
incorporated herein by reference.

     The information,  including the exhibit,  the registrant  furnishes in this
report is not deemed  "filed"  for  purposes  of  section  18 of the  Securities
Exchange Act of 1934, as amended,  or otherwise  subject to the  liabilities  of
that  section.  Registration  statements  or  other  documents  filed  with  the
Securities and Exchange  Commission  shall not incorporate  this  information by
reference, except as otherwise expressly stated in such filing.

Item 9.01  Financial Statements and Exhibits.

     (c) Exhibits.

         Item No.                Exhibit Index
         ---------- ----------------------------------------
         99.1       Press   Release   dated  October  30,  2006  issued  by  the
                    registrant.





                                    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.

                                         Titanium Metals Corporation
                                         (Registrant)




                                         By: /s/ Scott E. Sullivan
                                             ----------------------------
                                             Scott E. Sullivan
                                             Vice President and Controller
                                             Principal Accounting Officer



Date:  October 31, 2006






                                INDEX TO EXHIBITS


Exhibit No.       Description
-----------       --------------------------------------------------

99.1              Press Release dated October 30, 2006 issued by the registrant.