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)                December 1, 2007

                           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))



                                TABLE OF CONTENTS

Item 1.01   Entry into a Material Definitive Agreement

On November 16, 2007, the Compensation Committee of the Registrant's Board of
Directors amended the Registrant's 2005 Incentive Plan (the "Incentive Plan"),
effective December 1, 2007. The purpose of the amendment was to effectuate
changes that would ensure that the Plan conforms to Section 409A of Internal
Revenue Code of 1986. A copy of this amendment is furnished as Exhibit
10(m)(xii) to this report.

Item 9.01.  Financial Statements and Exhibits.

      (a)   Exhibits. The  following  exhibit  is  being  furnished  herewith:

            10(m)(xii)  Amendment  No. 1, dated as of December  5, 2007,  to the
            Albany International Corp. 2005 Incentive 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: Executive Vice President and Chief
                                    Financial Officer
                                    (Principal Financial Officer)

Date:   December 5, 2007



                                  EXHIBIT INDEX

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

10(m)(xii)        Amendment No. 1, dated as of December 5, 2007, to the Albany
                  International Corp. 2005 Incentive Plan.