SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

                                Schedule 13G
                  Under the Securities Exchange Act of 1934
                              (Amendment No. 4)
                           _______________________


                      Albany International Corporation
                            ____________________

                              (Name of Issuer)


                                Common Stock
                            ____________________

                       (Title of Class of Securities)

                                  012348108
                                ____________

                               (CUSIP Number)


Check the following box if a fee is being paid with this statement
[  ].  (A fee is not required only if the filing person:  (1) has
a previous statement on file reporting beneficial ownership of more
than five percent (5%) of the class of securities described in Item
1; and  (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent (5%) or less of such class.) 
(See Rule 13d-7.)

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).

                              Page 1 of 5 Pages


                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

CUSIP No. 012348108

1)   Name of Reporting Person
     S.S. or I.R.S. Identification No. of Reporting Person:

     MARSHALL & ILSLEY CORPORATION, I.D. No. 39-0452805


2)   Check the Appropriate Box if a Member of a Group (See
     Instructions):
     (a)  [  ]
     (b)  [  ]


3)   SEC Use Only


4)   Citizenship or Place of Organization:

                         Wisconsin


Number of Shares    5)   Sole Voting Power:         440,748   
Beneficially Owned  ______________________________________________
by Each Reporting
Person With:        6)   Shared Voting Power:       826,240   
                    ______________________________________________

                    7)   Sole Dispositive Power:    0 
                    ______________________________________________

                    8)   Shared Dispositive Power:  1,266,988


9)   Aggregate Amount Beneficially Owned by Each Reporting Person:
                               1,266,988

10)  Check if the Aggregate Amount in Row (9) Excludes Certain
     Shares (See Instructions):
                                  N/A

11)  Percent of Class Represented by Amount in Row 9:
                                  5.2%

12)  Type of Reporting Person (See Instructions):
                                  HC


                              Page 2 of 5


                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

INSTRUCTIONS:

A.   Statements containing the information required by this
Schedule shall be filed not later than February 14 following the
calendar year covered by the statement or within the time
specified in Rule 13-d(b) (2), if applicable.

B.   Information contained in a form which is required to be
filed by rules under Section 13(f) (15 USC 78m(f)) for the same
calendar year as that covered by a statement on this Schedule may
be incorporated by reference in response to any of the items of
this schedule.  If such information is incorporated by reference
in this Schedule, copies of the relevant pages of such form shall
be filed as an exhibit to this Schedule.

C.   The item numbers and captions of the items shall be included
but the text of the items is to be omitted.  The answers to the
items shall be so prepared as to indicate clearly the coverage of
the items without referring to the text of the items.  Answer
every item.  If an item is inapplicable or the answer is in the
negative, so state.

Item 1(a).     Name of Issuer:

               Albany International Corporation

Item 1(b).     Address of Issuer's Principal Executive Offices:

               P.O. Box 1907, Albany New York  12201

Item 2(a).     Name of Person Filing:
          
               Marshall & Ilsley Corporation

Item 2(b).     Address or Principal Business Office or, if none,
               Residence:

               770 North Water Street, Milwaukee, Wisconsin

Item 2(c).     Citizenship:

               Wisconsin Corporation

Item 2(d).     Title of Class of Securities:

               New Class A Common Stock

Item 2(e).     CUSIP Number:

               012348108


                              Page 3 of 5 Pages


                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549

Item 3.        If this statement is filed pursuant to rules 13d-1
               (b) (1), or 13d-2 (b), check whether the person
               filing is a:
     (a)  [  ] Broker or dealer registered under Section 15 of
               the Act
     (b)  [  ] Bank as defined in Section 3 (a) (6) of the Act
     (c)  [  ] Insurance Company as defined in Section 3 (a) (19)
               of the Act
     (d)  [  ] Investment Company registered under Section 8 of
               the Investment Company Act
     (e)  [  ] Investment Adviser registered under Section 203 of
               the Investment Advisers Act of 1940
     (f)  [  ] Employee Benefit Plan, Pension fund which is
               subject to the provisions of the Employee
               Retirement Income Security Act of 1974 or
               Endowment fund:  see Sec. 240.13d-1(b) (1) (ii)
               (F)
     (g)  [XX] Parent Holding Company, in accordance with Sec.
               240.13d-1 (b)(1)(ii)(G) (Note:  See Item 7)
     (h)  [  ] Group, in accordance with Sec. 240.13d-1 (b) (1)
               (h) (H)

Item 4.        Ownership.

     (a)  Amount Beneficially Owned:
                                1,266,988

     (b)  Percent of Class:
                                   5.2%

     (c)  Number of shares as to which such person has:

            (i)     Sole power to vote or to direct the vote
                                 440,748
           (ii)     Shared power to vote or to direct the vote
                                 826,240
          (iii)     Sole power to dispose or to direct the
                    disposition of
                                    0
           (iv)     Shared power to dispose or to direct the
                    disposition of
                               1,266,988

Item 5.        Ownership of Five Percent or Less of a Class.

                             Not Applicable

Item 6.   Ownership of More than Five Percent on Behalf of
          Another Person.

          In response to Item 6, bank trust beneficiaries and
          customers are known to have the right to receive or the
          power to direct the receipt of dividends from or the
          proceeds from the sale of the subject securities.  No
          such person is known to possess such in interest
          relating to more than 5% of the class of subject
          securities.

Item 7.   Identification and Classification of the Subsidiary
          which Acquired the Security Being Reported on by the
          Parent Holding Company.
          
          The parent holding company has filed this schedule
          pursuant to Rule 13d-1(b)(1)(ii)(g) and each relevant
          subsidiary hereby consents to the filing of this
          statement on its behalf by the parent company:


                              Page 4 of 5 Pages


                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549


                      Marshall & Ilsley Trust Company
                      a Wisconsin banking corporation
                     Tax Identification No. 39-1186267


               M&I Marshall & Ilsley Trust Company of Arizona
                          an Arizona trust company
                     Tax Identification No.  86-0320597



Item 8.        Identification and Classification of Members of
               the Group.

                              Not applicable

Item 9.        Notice of Dissolution of Group.

                              Not applicable

Item 10.  Certification.

The following certification shall be included if the statement is
filed pursuant to Rule 13d-1 (b):

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purposes or effect.

                              Signature.

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.


Date:     March 9, 1995     
________________________________________________________________


Signature:   /s/ Patricia R. Justiliano
________________________________________________________________


Name/Title:  Patricia R. Justiliano, Senior Vice President &
             Corporate Controller
________________________________________________________________


                              Page 5 of 5

(13G-ALBANY)