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 earliest event reported) May 1, 2005

                           ALBANY INTERNATIONAL CORP.
             (Exact name of registrant as specified in its charter)

          Delaware                        0-16214                 14-0462060
(State or other jurisdiction            (Commission            (I.R.S. Employer
      of incorporation)                File Number)          Identification No.)
            1373 Broadway, Albany, New York                         12204
       (Address of principal executive offices)                   (Zip Code)

Registrant's telephone number, including area code (518) 445-2200

         (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:

|_|   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

|_|   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 240.13a-4(c))

Item 1.01 Entry into a Material Definitive Agreement

On May 1, 2005, Albany International Corp. (the "Company") amended Exhibit A to
the Receivables Purchase and Sale Agreement (the "Agreement") among Albany
International Receivables Corporation, Albany International Corp., and the other
Company affiliates selling receivables under the Agreement. The purpose of the
amendment was to amend the Historical Loss Factor (as defined in the Agreement)
to reflect recent historical loss experience. (The Agreement has previously been
filed as Exhibit 10(j)(i).) A copy of this amendment is furnished as Exhibit
99.1 to this report.

Albany International Receivables Corporation is a "Qualified Special Purpose
Entity" under Financial Accounting Standards Board No. 140 and is a wholly owned
subsidiary of Albany International Corp.


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.

                                      ALBANY INTERNATIONAL CORP.

                                      By: /s/ Michael C. Nahl            

                                      Name: Michael C. Nahl
                                      Title: Executive Vice President and 
                                      Chief Financial Officer
                                      (Principal Financial Officer)

Date: May 2, 2005

                                  EXHIBIT INDEX

Exhibit No.       Description
-----------       -----------
99.1              Third Amendment (dated May 1, 2005) to Receivables Purchase
                  and Sale Agreement, dated as of September 28, 2001, among the
                  Registrant and other affiliates of Registrant as Originators,
                  and Albany International Receivables Corporation as the Buyer.