8-K

                                  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 earliest event reported) January 12, 2005

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

          Delaware                    0-16214                14-0462060
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(State or other jurisdiction        (Commission           (I.R.S. Employer
      of incorporation)             File Number)         Identification No.)

        1373 Broadway, Albany, New York                         12204
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   (Address of principal executive offices)                   (Zip Code)

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

                                      None
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         (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
      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 240.13a-4(c))




Item 1.01 Entry into a Material Definitive Agreement

On January  12,  2005,  the Board of  Directors  of the  Registrant  adopted the
resolutions attached as Exhibit 10(q) relating to a Directors Pension Plan.




                                    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.

                                          ALBANY INTERNATIONAL CORP.

                                          By: /s/ Michael C. Nahl
                                              ----------------------------
                                          Name: Michael C. Nahl
                                          Title: Senior Vice President and
                                          Chief Financial Officer
                                          (Principal Financial Officer)

Date: January 13, 2005




                                  EXHIBIT INDEX

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

10(q)             Directors Pension Plan

EX-10.(Q)

                                  Exhibit 10(q)

RESOLVED,  that the  Directors  Pension  Plan,  as amended on August 9, 2000, is
hereby further amended to provide, in its entirety, as follows:

      Each person who is a member of the Board of Directors on January 12, 2005,
      who was  elected  as a  director  prior to  August  9, 2000 and who is not
      eligible to receive a pension under any other Company retirement  program,
      shall,  following (i) the  termination of his or her service as a director
      and (ii) the  attainment by such director of the age of 65, be entitled to
      receive an annual  pension in the amount of $20,000,  payable in quarterly
      installments  until the earlier of (a) the expiration of a period equal to
      the number of full years that such  person  served as a director  prior to
      May 31, 2001 or (b) the death of such person.