FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Filed By Romeo & Dye's Instant Form 4 Filer
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1. Name and Address of Reporting Person* Schmeler Frank R	2. Issuer Name and Ticker or Trading Symbol Albany International Corp. ("AIN")		6. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Chairman and Chief Executive Officer
(Last) (First) (Middle) c/o Albany International Corp. P.O. Box 1907	3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary)	4. Statement for Month/Day/Year 11/07/02
(Street) Albany, NY 12201-1907		5. If Amendment, Date of Original (Month/Day/Year)	7. 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. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	3. Trans- action Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 & 5)			5. Amount of Securities Beneficially Owned Follow- ing Reported Transactions(s) (Instr. 3 & 4)	6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Trans- action Date (Month/ Day/ Year)	2A. Deemed Execution Date, if any (Month/Day/ Year)	Code	V	Amount	(A) or (D)	Price		6. Owner- ship Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock								36,718	D
Class A Common Stock								100	I	⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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FORM 4 (continued)

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. Conver-
sion or
Exercise
Price of Derivative Security

3. Trans-
action Date

(Month/
Day/
Year)

3A. Deemed
Execution
Date,
if any
(Month/
Day/
Year)

4. Trans-
action
Code

(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)

(Instr. 3, 4 & 5)

6. Date Exercisable
and Expiration
Date
(Month/Day/
Year)

7. Title and Amount of Underlying Securities
(Instr. 3 & 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of
Derivative
Securities
Beneficially
Owned
Following
Reported Transaction(s)
(Instr. 4)

10. Owner-
ship Form
of Deriv-
ative
Security:
Direct (D)
or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exer-cisable

Expira-
tion
Date

Title

Amount or Number of
Shares

Employee Stock Option

$16.75

⁽²⁾

05/01/10

Class A Common

100,000

⁽³⁾

Employee Stock Option

$15.00

(2)

02/19/13

Class A Common

20,000

⁽⁴⁾

Employee Stock Option

$16.25

(2)

05/28/13

Class A Common

20,000

(4)

Employee Stock Option

$18.75

(2)

05/11/14

Class A Common

20,000

(4)

Employee Stock Option

$22.25

(2)

05/18/15

Class A Common

25,000

(4)

Employee Stock Option

$22.25

(2)

05/14/16

Class A Common

25,000

(4)

Employee Stock Option

$19.75

(2)

04/15/17

Class A Common

25,000

(3)

Employee Stock Option

$19.375

⁽⁵⁾

11/04/18

Class A Common

32,500

(4)

Employee Stock Option

$15.6875

⁽⁶⁾

11/09/19

Class A Common

32,500

⁽⁷⁾

Employee Stock Option

$10.5625

⁽⁸⁾

11/15/20

Class A Common

25,000

(7)

Employee Stock Option

$20.45

⁽⁹⁾

11/06/21

Class A Common

40,000

(7)

Employee Stock Option

$20.63

11/07/02

40,000

⁽¹⁰⁾

11/07/22

Class A Common

40,000

(7)

405,000

Explanation of Responses:

(1) Shares held by reporting person as custodian for his granddaughter. Undersigned disclaims beneficial ownership.
(2) Fully exercisable.
(3) Option granted pursuant to Company's 1988 Stock Option Plan as incentive to remain in employ of Company.
(4) Option granted pursuant to Company's 1992 Stock Option Plan as incentive to remain in employ of Company.
(5) Become exercisable as to 6,500 shares on each November 4, beginning November 4, 1999.
(6) Become exercisable as to 6,500 shares on each November 9, beginning November 9, 2000.
(7) Option granted pursuant to Company's 1998 Stock Option Plan as incentive to remain in employ of Company.
(8) Become exercisable as to 5,000 shares on each November 15, beginning November 15, 2001.
(9) Become exercisable as to 8,000 shares on each November 6, beginning November 6, 2002.
(10) Become exercisable as to 8,000 shares on each November 7, beginning November 7, 2003.

By: /s/ Kathleen M. Tyrrell
Attorney-in-Fact
**Signature of Reporting Person

11/08/02
Date

**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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AUTHORIZATION TO SIGN SEC FORMS 3 AND 4 PURSUANT TO SECTION
16(A) OF THE SECURITIES EXCHANGE ACT OF 1934


The undersigned, as an officer and/or director of Albany
International Corp., a Delaware corporation ("the Company"),
hereby authorizes THOMAS H. HAGOORT, CHARLES J. SILVA, JR.
AND KATHLEEN M. TYRRELL, and each of them with full power
to act without the others, to sign and file, or cause to be
filed, on behalf of the undersigned, any forms and other
documents, including without limitation Forms 3 and 4 or
any other forms hereafter substitute therefor, required or
permitted to be filed by the undersigned pursuant to Section
16(a) of the Securities Exchange Act of 1934, as amended,
or rules or regulations promulgated thereunder.

The authorization of a person named above shall automatically
terminate at such time as such person ceases to be an employee
of the Company.  The undersigned may terminate the authorization
of any such person at any time by delivering written notice of
termination to the Company.



Date: November 20, 1997


/s/ Frank R. Schmeler

SCHMELER FRANK R 4