Registration Statement No. 33-32163



                         SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
                         ----------------------------------

                              POST-EFFECTIVE AMENDMENT
                                      NO. 1
                                        TO
                                     FORM S-8
                               REGISTRATION STATEMENT
                                       Under
                              THE SECURITIES ACT OF 1933
                         ----------------------------------


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

              Delaware                                 140462060
        (State of Incorporation)        (IRS Employer Identification No.)

                     1373 Broadway,Albany,  New York  12204-1907
                     (Address of principal executive offices)
                         ----------------------------------------


                  THOMAS H. HAGOORT, Secretary and General Counsel
                              Albany International Corp.
                    P. O. Box 1907, Albany, New York 12201-1907
                                  (518) 445-2200
             (Name, address and telephone number of agent for service)
               -------------------------------------------------------

                 THIS POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8
                 REGISTRATION STATEMENT IS BEING FILED SOLELY TO
               DEREGISTER ALL SHARES OF COMMON STOCK (AND RELATED
                PLAN INTERESTS) WHICH WERE REGISTERED UNDER THIS
             REGISTRATION STATEMENT AND WHICH HAVE NOT BEEN ISSUED
                  OR SOLD PRIOR TO THE DATE OF FILING HEREOF.




                              DEREGISTRATION OF SECURITIES


               On July 25,  1988,  the  Registrant  filed  with  the  Commission
Registration  Statement on Form S-8  (Registration  No.33-32163)  registering an
aggregate of  $15,500,000  of plan  interests in  Registrant's  Prosperity  Plus
401(k)  Savings  Program ("the  Plan"),  as well as an  indeterminate  number of
shares of Registrant's  Class A Common Stock ("Common Stock") as may be issuable
to plan participants who elected to invest their  contributions in Common Stock.
The option to invest in shares of Common Stock has been terminated.  At the time
of termination,  289,584 shares of Common Stock,  with an aggregate value at the
time of sale of $5,112,188,  had been sold by Registrant to  participants  under
the Plan.  This  Post-Effective  Amendment  No. 1 to Form S-8 is being  filed to
deregister the remaining  $10,387,812  of plan interests  which may no longer be
used to purchase Common Stock from Registrant.




                                       SIGNATURES

               Pursuant to the  requirement  of the  Securities Act of 1933, the
registrant certifies that is has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this registration
statement  to be  signed  on its  behalf  by  the  undersigned,  thereunto  duly
authorized,  in the  City of  Menands,  State  of New  York on the  10th  day of
November, 1999.


ALBANY INTERNATIONAL CORP.


By:      /s/ Francis L. McKone
         ---------------------
         Francis L. McKone
         Chairman and Chief Executive Officer






               Pursuant to the requirement of the Securities Act of 1933,  this
registration statement has been signed below by the following persons in the
capacities and on the dates indicated.


                                                                               
        Signature                                         Title                                 Date
        ---------                                         -----                                 ----


  /s/ Francis L. McKone                          Chairman of the Board,                November 10, 1999
(Francis L. McKone)                              Chief Executive Officer
                                                 and Director
                                                 (Principal Executive Officer)


  /s/ Michael C. Nahl                            Senior Vice President                 November 10, 1999
(Michael C. Nahl)                                and Chief Financial Officer
                                                 (Principal Financial Officer)


  /s/ Richard A. Carlstrom                       Vice President -                      November 10, 1999
(Richard A. Carlstrom)                           Controller
                                                 (Principal Accounting Officer)


  /s/ Thomas R. Beecher, Jr.                     Director                              November 10, 1999
(Thomas R. Beecher, Jr.)


  /s/ Charles B. Buchanan                        Director                              November 10, 1999
(Charles B. Buchanan)


  /s/ Allan Stenshamn                            Director                              November 10, 1999
(Allan Stenshamn)


  /s/ Barbara P. Wright                          Director                              November 10, 1999
(Barbara P. Wright)


  /s/ Joseph G. Morone                           Director                              November 10, 1999
(Joseph G. Morone)


  /s/ Christine L. Standish                      Director                              November 10, 1999
(Christine L. Standish)


  /s/ Frank R. Schmeler                          President, Chief Operating            November 10, 1999
(Frank R. Schmeler)                              Officer and Director


  /s/ Erland E. Kailbourne                       Director                              November 10, 1999
(Erland E. Kailbourne)



               Pursuant to the  requirement  of the  Securities Act of 1933, the
plans have duly caused this registration  statement to be signed on their behalf
by the undersigned  Chairman of the Employee Benefits  Committee of the Board of
Directors  of  the  registrant,  administrator  of  the  plans,  thereunto  duly
authorized,  in the  City of  Menands,  State  of New  York on the  10th  day of
November, 1999.


ALBANY INTERNATIONAL
PROSPERITY PLUS 401(k) and
EMPLOYEE STOCK OWNERSHIP PLANS


By:      /s/ Charles B. Buchanan
         -----------------------
             Charles B. Buchanan