Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SCHMELER FRANK R
  2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [AIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman and CEO
(Last)
(First)
(Middle)
C/O ALBANY INTERNATIONAL CORP., P.O. BOX 1907
3. Date of Earliest Transaction (Month/Day/Year)
11/13/2004
(Street)

ALBANY, NY 12201-1907
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock               34,718 D  
Class A Common Stock               100 I Custodial (1)
Class A Common Stock (2) 11/13/2004   M   5,047 A (2) 5,047 (2) D (2)  
Class A Common Stock (2) 11/13/2004   D   5,047 D $ 29.62 0 D (2)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (3) $ 16.75             05/01/1991(4) 05/01/2010 Class A Common 100,000   100,000 D  
Employee Stock Option (5) $ 15             02/19/1994(4) 02/19/2013 Class A Common 20,000   120,000 D  
Employee Stock Option (5) $ 16.25             05/28/1994(4) 05/28/2013 Class A Common 20,000   140,000 D  
Employee Stock Option (5) $ 18.75             05/11/1995(4) 05/11/2014 Class A Common 20,000   160,000 D  
Employee Stock Option (5) $ 22.25             05/18/1996(4) 05/18/2015 Class A Common 25,000   185,000 D  
Employee Stock Option (5) $ 22.25             05/14/1997(4) 05/14/2016 Class A Common 25,000   210,000 D  
Employee Stock Option (3) $ 19.75             04/15/1998(4) 04/15/2017 Class A Common 25,000   235,000 D  
Employee Stock Option (5) $ 19.375             11/04/1999(4) 11/04/2018 Class A Common 32,500   267,500 D  
Employee Stock Option (6) $ 15.6875             11/09/2000(4) 11/09/2019 Class A Common 32,500   300,000 D  
Employee Stock Option (6) $ 10.5625             11/15/2001(7) 11/15/2020 Class A Common 25,000   325,000 D  
Employee Stock Option (6) $ 20.45             11/06/2002(8) 11/06/2021 Class A Common 40,000   365,000 D  
Employee Stock Option (6) $ 20.63             11/07/2003(9) 11/07/2022 Class A Common 40,000   405,000 D  
Restricted Stock Units (10) (10) 11/13/2004   M     5,047   (10)(11)   (10)(11) Class A Common Stock 5,047 (10) 20,186 D  
Restricted Stock Units (10) (10)               (10)(12)   (10)(12) Class A Common Stock 25,000   25,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SCHMELER FRANK R
C/O ALBANY INTERNATIONAL CORP.
P.O. BOX 1907
ALBANY, NY 12201-1907
  X     Chairman and CEO  

Signatures

 Kathleen M. Tyrrell, Attorney-in-Fact   11/15/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Shares held by reporting person as custodian for his granddaughter. Undersigned disclaims beneficial ownership.
(2) Deemed acquisition and disposition to the issuer of shares of stock underlying Restriced Stock Units. No shares were actually issued or disposed.
(3) Option granted pursuant to Company's 1988 Stock Option Plan as incentive to remain in employ of Company.
(4) Fully exercisable.
(5) Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
(6) Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
(7) Become exercisable as to 5,000 shares on each November 15, beginning November 15, 2001.
(8) Become exercisable as to 8,000 shares on each November 6, beginning November 6, 2002.
(9) Become exercisable as to 8,000 shares on each November 7, beginning November 7, 2003.
(10) Restricted Stock Units granted pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the "Restricted Stock Unit Plan"). Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting or, in the event that the holder elects to defer payment, at such later time elected in accordance with the Restricted Stock Unit Plan.
(11) 5,000 Restricted Stock Units (plus related dividend units) vest on each November 13, beginning November 13, 2004.
(12) 5,000 Restricted Stock Units (plus related dividend units) vest on each November 11, beginning November 11, 2005.

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