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                                                                     EXHIBIT 15



INDEPENDENT ACCOUNTANTS' REPORT

Schweitzer-Mauduit International, Inc.:

We have reviewed the accompanying consolidated balance sheet of
Schweitzer-Mauduit International, Inc. and subsidiaries as of September 30,
1997, the related consolidated statements of income for the three and nine
month periods ended September 30, 1997 and 1996, and the related consolidated
statements of cash flow for the nine month periods ended September 30, 1997 and
1996. These financial statements are the responsibility of the Company's
management.

We conducted our review in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data, and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted
in accordance with generally accepted auditing standards, the objective of
which is the expression of an opinion regarding the financial statements taken
as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to such consolidated financial statements for them to be in conformity
with generally accepted accounting principles.

We have previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheet of Schweitzer-Mauduit International,
Inc. as of December 31, 1996 and the related consolidated statements of income
and cash flow for the year then ended (not presented herein); and in our report
dated January 31, 1997, we expressed an unqualified opinion on those
consolidated financial statements. In our opinion, the information set forth in
the accompanying consolidated balance sheet as of December 31, 1996 is fairly
stated in all material respects in relation to the balance sheet from which it
has been derived.

Deloitte & Touche LLP

Atlanta, Georgia
October 17, 1997