A heavy aromatics feed is converted to lighter aromatics products, such as benzene, toluene and xylenes by contacting a C9+ aromatics fraction and benzene and/or toluene over a catalyst comprising a zeolite, such as ZSM-12, and hydrogenation component, preferably platinum. The catalyst, complete with hydrogenation component, is treated to reduce aromatics loss. Treatment includes exposure to steam and/or sulfur after incorporation of the hydrogenation component. For additional stability and aromatics retention the steamed and/or sulfur treated catalyst is sulfided by cofeeding a source of sulfur. A low hydrogen partial pressure is preferably employed to assist in aromatics retention.