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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 8) * ALBANY INTERNATIONAL CORP. - ------------------------------------------------------------------------------- (Name of Issuer) CLASS A COMMON STOCK - ------------------------------------------------------------------------------- (Title of Class of Securities) 012 348 108 ------------------------------------- (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 of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent 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 8 pages ____________________________________________________________________________ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Bruce B. Purdy Soc. Sec. # ###-##-#### ____________________________________________________________________________ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b)/ / ____________________________________________________________________________ 3 SEC USE ONLY ____________________________________________________________________________ 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States Citizen ____________________________________________________________________________ 5 SOLE VOTING POWER None NUMBER OF ___________________________________________________________ SHARES 6 SHARED VOTING POWER BENEFICIALLY 1,573,333 OWNED BY ___________________________________________________________ EACH 7 SOLE DISPOTIVE POWER REPORTING None PERSON ___________________________________________________________ WITH 8 SHARED DISPOTIVE POWER 1,573,333 ____________________________________________________________________________ 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,788,629 (see Item 6, page 4) ____________________________________________________________________________ 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ____________________________________________________________________________ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 7.13% ____________________________________________________________________________ 12 TYPE OF REPORTING PERSON* ____________________________________________________________________________ SEE INSTRUCTIONS BEFORE FILLING OUT! Page 2 of 8 pages Schedule 13G: Page 3 of 5 Pages Item 1(a). Name of Issuer: Albany International Corp. Item 1(b). Address of Issuer's Principal Executive Office: 1373 Broadway, Albany, New York Item 2(a). Name of Person Filing: Bruce B. Purdy Item 2(b). Address of Principal Business Office or, if none, residence: PO Box 8047 Incline Village, Nevada 89452-8047 Item 2(c). Citizenship: United States citizen Item 2(d). Title of Class of Securities: Class A Common Stock Item 2(e). CUSIP Number: 012 348 108 Item 3. If this statement is filed pursuant to Rules 13d-(b), or 13d- 2(b), check whether the person filing is a: Inapplicable. Schedule 13G: Page 4 of 5 Pages Item 4. Ownership: (a) Amount beneficially owned: 1,788,629 (b) Percent of class: 7.13% (c) Number of shares as to which such person has (i) sole power to vote or direct the vote None (ii) shared power to vote or direct the vote 1,573,333 (iii)sole power to dispose or direct the disposition None (iv) shared power to dispose or direct the disposition 1,573,333 Item 5. Ownership of Five Percent or less of a Class: Inapplicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person: Of the aggregate number of shares of Class A Common Stock reported as beneficially owned by the reporting person, 1,573,333 shares are owned by trusts as to which the reporting person shares voting and dispositive power with other trustees. In addition, of the aggregate number of shares reported as beneficially owned by the reporting person, 215,296 shares are owned by trusts as to which the reporting person has no voting or dispositive power but as to which the reporting person's spouse has such power as one of the trustees. Marshall & Ilsley Trust Company is a trustee of trusts holding an aggregate of 1,107,352 of the shares reported as beneficially owned by the reporting person. Item 7. Identification and Classification of the Subsidiary which acquired the Security Being Reported on by the Parent Holding Company: Inapplicable. Schedule 13G: Page 5 of 5 Pages Item 8. Identification and Classification of Members of the Group: Inapplicable. Item 9. Notice of Dissolution of a Group: Inapplicable. Item 10. Certification: Inapplicable. 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. February [ ], 1998 ____________________________ (Date) _____________________________ (Signature) Bruce B. Purdy _____________________________ (Name)