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                                                                      EXHIBIT 10



                        Amendment No. 3 to the Agreement
                                     between
                           Philip Morris Incorporated
                                       and
                     Schweitzer-Mauduit International, Inc.
                                       for
                               Fine Papers Supply

         This Amendment No. 3, effective June 26, 1997, is by and between Philip
Morris Incorporated, a Virginia Corporation doing business as Philip Morris
U.S.A. ("Philip Morris"), and Schweitzer-Mauduit International, Inc., a Delaware
corporation ("SWM").

                                    RECITALS

         WHEREAS, Kimberly-Clark Corporation ("Kimberly-Clark") and Philip
Morris entered into a certain agreement, effective January 1, 1993, for the
manufacture and sale by Kimberly-Clark and the purchase by Philip Morris of Fine
Papers and entered into Amendment No. 1 to such agreement, effective September
12, 1995 (such agreement, as amended, is hereinafter referred to as the "Supply
Agreement");

         WHEREAS, Kimberly-Clark assigned its rights and obligations under the
Supply Agreement to SWM, effective as of the close of business on November 30,
1995;

         WHEREAS, Philip Morris and SWM entered into Amendment No. 2 to the 
Supply Agreement, effective December 20, 1996; and

         WHEREAS, Philip Morris and SWM now desire to amend the Supply Agreement
as set forth hereinbelow.

         NOW, THEREFORE, in consideration of the forgoing and other good and
valuable consideration, the exchange and sufficiency of which are hereby
acknowledged, Philip Morris and SWM agree as follows:

         1. Capitalized terms herein shall have the same meaning as in the 
Supply Agreement.

         2. The first sentence of Article II.A of the Supply Agreement shall be
amended by replacing June 30, 1999 with December 31, 1999. The purpose of this
change is to allow the parties up to six additional months (until December 31,
1997) to reach agreement on changes to the Supply Agreement that will make it
acceptable to both for the Supply Agreement to extend beyond the initial term
for at least one renewal term.


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         3. The GSPs for flax Cigarette Papers established by Amendment No. 2 to
the Supply Agreement shall continue to be effective for the second six months of
calendar year 1997.

         4. All other terms and conditions of the Supply Agreement shall remain 
unchanged.

         5. This Amendment No. 3 may be executed in one or more counterparts, 
and the different counterparts signed by each of the parties, taken together,
shall evidence the agreement of the parties.

         6. The Supply Agreement, Amendment No. 2 and this Amendment No. 3 
constitute the entire agreement of the parties with respect to their subject
matter and supersede any prior or contemporaneous agreements or understandings
between Philip Morris and SWM regarding their subject matter.

         IN WITNESS WHEREOF, the parties have caused this Amendment No. 3 to be
executed by their duly authorized representatives effective as of the date first
set forth above.

                           PHILIP MORRIS INCORPORATED

                           BY         /s/ R. D. LATSHAW
                             --------------------------------------

                           TITLE      Director, Purchasing
                                -----------------------------------

                           SCHWEITZER-MAUDUIT INTERNATIONAL, INC.

                           BY         /s/ N. DANIEL WHITFIELD
                             --------------------------------------

                           TITLE      President - U.S. Operations
                                -----------------------------------



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