<SUBMISSION>
<ACCESSION-NUMBER>0000910662-05-000126
<TYPE>SC 13G/A
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20050214
<DATE-OF-FILING-DATE-CHANGE>20050211
<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/A
<ACT>34
<FILE-NUMBER>005-42039
<FILM-NUMBER>05601214
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>15 READ'S WAY
<CITY>NEW CASTLE
<STATE>DE
<ZIP>19720
<PHONE>302 326-5500
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>15 READ'S WAY
<CITY>NEW CASTLE
<STATE>DE
<ZIP>19720
</MAIL-ADDRESS>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>GOLDSMITH PHILIP W
<CIK>0001218546
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13G/A
</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>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>pg13gae021005.txt
<DESCRIPTION>P GOLDSMITH
<TEXT>

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

                                  SCHEDULE 13G

                    Under the Securities Exchange Act of 1934
                               (Amendment No. 2)*


                      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, 2004
                                -----------------
             (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/A

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:             --0--
Shares
Beneficially               6.  Shared Voting Power:           --0--
Owned by
Each                       7.  Sole Dispositive Power:        --0--
Reporting
Person With                8.  Shared Dispositive Power:      --0--

  9. Aggregate Amount Beneficially Owned by Each Reporting Person: --0--

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

 11. Percent of Class Represented by Amount in Row (9): 0%

 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 15 Read's Way,
New Castle, Delaware 19720.

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 no shares of the
Security.

      (b) The amount of shares of the Security beneficially owned by Mr.
Goldsmith is 0% of the total outstanding shares of the Security.

      (c) (i)-(iv) Not applicable.

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

     If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [x].

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

            Not applicable.

                                       3
<PAGE>

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.

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.



                                       4
<PAGE>



                                    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 11, 2005

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

                                       5
<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibita.txt
<TEXT>
                                   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 were previously not
attributable to Mr. Goldsmith by virtue of his position as Chairman of G&H
amounted to less than 1% of the total outstanding shares of the Security.
</TEXT>
</DOCUMENT>
</SUBMISSION>
