Exhibit 99.1

                             Amendment No. 2 to the
           Albany International Corp. 2003 Restricted Stock Unit Plan

      In accordance with Section 11.8 which allows the Compensation Committee of
the Company's Board of Directors to amend the Albany International Corp. 2003
Restricted Stock Unit Plan ("Plan") at any time, the Plan is hereby amended,
effective September 1, 2006 to read as follows:

1.    The definition of "Share Price" shall be amended to read as follows:

      " "Share Price" shall mean, with respect to any Valuation Date or Vesting
      Date, the average Fair Market Value over a period of 20 consecutive
      Business Days ending on the fifth Business Day preceding such date;
      provided that, in the case of a Vesting Date or Valuation Date, if any
      portion of such period shall include one or more Business Days falling
      within the period of time after an announcement by the Company of
      quarterly financial results during which Company insiders are generally
      permitted to engage in transactions involving Company securities (an "Open
      Window Period"), then such 20-consecutive-Business-Day period shall
      instead end on the last Business Day immediately preceding such Open
      Window Period."

      IN WITNESS WHEREOF, the Committee having so approved, the Company has
caused this Amendment to be duly executed on February 16, 2006, but effective as
of September 1, 2006.

                                            ALBANY INTERNATIONAL CORP.

                                            By: /s/ Charles J. Silva, Jr.
                                                --------------------------------
                                            Its: Vice President- General Counsel

ATTEST:

/s/ Kathleen M. Tyrrell
- -----------------------