<SUBMISSION>
<ACCESSION-NUMBER>0000910662-03-000060
<TYPE>SC 13G
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20030213
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>GOLDSMITH PHILIP W
<CIK>0001218546
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>C/O GOLDSMITH & HARRIS INC
<STREET2>80 PINE STREET
<CITY>NEW YORK
<STATE>NY
<ZIP>10005
</MAIL-ADDRESS>
</FILED-BY>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>APPLIED EXTRUSION TECHNOLOGIES INC /DE
<CIK>0000874389
<ASSIGNED-SIC>3081
<IRS-NUMBER>510295865
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G
<ACT>34
<FILE-NUMBER>005-42039
<FILM-NUMBER>03560972
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>3 CENTENNIAL DRIVE
<CITY>PEABODY
<STATE>MA
<ZIP>01960
<PHONE>9785381500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>3 CENTENNIAL DR
<CITY>PEABODY
<STATE>MA
<ZIP>01960
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>pgoldsmith13g021303.txt
<DESCRIPTION>INITIAL BENEFICIAL OWNERSHIP FILING
<TEXT>



                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                    -----------------------------------------
                               (Amendment No. __)*


                      Applied Extrusion Technologies, Inc.
                      ------------------------------------
                                (Name of Issuer)

                     Common Stock, $0.01 Par Value per Share
                     ---------------------------------------
                         (Title of Class of Securities)

                                    038196101
                                    ---------
                                 (CUSIP Number)

                                December 31, 2002
                                -----------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

[X] Rule 13d-1(b)

[    ] Rule 13d-1(c)

[    ] Rule 13d-1(d)

*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).

                                       1
<PAGE>

Schedule 13G

CUSIP No. 038196101

  1. Names of Reporting Persons: Philip W. Goldsmith
     I.R.S. Identification Nos. of above persons (entities only): Not
     Applicable

  2. Check the Appropriate Box if a Member of a Group (See Instructions):

          (a) [  ]

          (b) [  ]

  3.  SEC Use Only


  4. Citizenship or Place of Organization: U.S.

Number of                  5.  Sole Voting Power:             21,000
Shares
Beneficially               6.  Shared Voting Power:           2,000
Owned by
Each                       7.  Sole Dispositive Power:        21,000
Reporting
Person With                8.  Shared Dispositive Power:      837,250

  9. Aggregate Amount Beneficially Owned by Each Reporting Person: 858,250

 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
     Instructions): [ ]

11. Percent of Class Represented by Amount in Row (9): 6.80%

12. Type of Reporting Person (See Instructions): HC


                                       2
<PAGE>


Item 1.

          (a) The name of the issuer is Applied Extrusion Technologies, Inc.
(the "Corporation").

          (b) The Corporation's executive office is located at Three Centennial,
Peabody, Massachusetts 01960.

Item 2.

          (a) The person filing this statement is Philip W. Goldsmith.

          (b) Mr. Goldsmith's residence is 350 East 72nd Street, New York, NY
              10021.

          (c) Mr. Goldsmith is a United States citizen.

          (d) The security (the "Security") is common stock, $0.01 par value per
              share.

          (e) The CUSIP Number of the Security is 038196101.

Item 3.

          See Exhibit A.

Item 4.    Ownership

          (a) Mr. Goldsmith is the beneficial owner of 858,250 shares of the
Security through the following:

                o    his IRA;

                o    his power of attorney for the management of the account
                     of the IRA of James Goldsmith;

                o    his  position  as  Co-Trustee  of The Carol and  Philip
                     Goldsmith Foundation (the "Goldsmith Foundation"); and

                o    his   position  as  Chairman  of   Goldsmith  &  Harris
                     Incorporated ("G&H"), a broker-dealer  registered under
                     Section 15 of the  Securities  Exchange Act of 1934 and
                     an investment  adviser  registered under the Investment
                     Advisers  Act of 1940,  by virtue  of G&H's  investment
                     discretion  over  accounts  of its  clients  that  hold
                     835,250 shares of the Security.

          (b) The amount of shares of the Security beneficially owned by Mr.
Goldsmith is 6.80% of the total outstanding shares of the Security.

                                       3
<PAGE>

          (c)  (i)  Mr. Goldsmith has the sole power to vote or to direct the
vote of 21,000 shares of the Security.

               (ii) Mr. Goldsmith shares with the Co-Trustee of the Goldsmith
Foundation the power to vote or to direct the vote of 2,000 shares of the
Security.

               (iii) Mr. Goldsmith has the sole power to dispose, or to direct
the disposition, of 21,000 shares of the Security.

               (iv) Mr. Goldsmith shares with G&H the power to dispose, or to
direct the disposition, of 835,250 shares of the Security. Mr. Goldsmith shares
with the Co-Trustee of the Goldsmith Foundation the power to dispose, or to
direct the disposition, of 2,000 shares of the Security.

Item 5.  Ownership of Five Percent or Less of a Class

            Not applicable.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

            The clients of G&H, the IRA of James Goldsmith and the Goldsmith
Foundation may have the right to receive or the power to direct the receipt of
dividends from, or the proceeds from the sale of, shares of the Security. None
of these persons has an interest in 5% or more of the total outstanding shares
of the Security.

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company.

            See Exhibit A.

Item 8.  Identification and Classification of Members of the Group.

            Not applicable.

Item 9.  Notice of Dissolution of Group.

            Not applicable.



                                       4
<PAGE>

Item 10.  Certification.

            By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.

                                    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.


Date:  February 13, 2003

                                                    /s/ Philip W. Goldsmith
                                                    -----------------------
                                                        Philip W. Goldsmith

                                       5
<PAGE>



                                    EXHIBIT A

Philip W. Goldsmith may, through his position as Chairman of Goldsmith & Harris
Incorporated ("G&H"), a broker-dealer registered under Section 15 of the
Securities Exchange Act of 1934 and an investment adviser registered under
Section 203 of the Investment Advisers Act of 1940, be deemed a control person
of G&H.

The amount of shares of common stock of Applied Extrusion Technologies, Inc.
(the "Security") beneficially owned by Mr. Goldsmith which are not attributable
to Mr. Goldsmith by virtue of his position as Chairman of G&H amount to less
than 1% of the total outstanding shares of the Security.


                                       6

</TEXT>
</DOCUMENT>
</SUBMISSION>
