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                                                                    Exhibit 10.3


                        AMENDMENT DATED DECEMBER 7, 1999
                                     to the
                      APPLIED EXTRUSION TECHNOLOGIES, INC.
                             1986 STOCK OPTION PLAN


Section 6(f) of the Applied Extrusion Technologies, Inc. 1986 Stock Option Plan
is hereby amended and restated in its entirety to read as follows:

               "(f) LIMITED TRANSFERABILITY OF OPTIONS. Except as otherwise
          determined by the Committee in the case of nonstatutory options, no
          option may be transferred other than by will or by the laws of descent
          and distribution and during the participant's lifetime an option may
          be exercised only by the participant."


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