FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * MONK ALBERT C III 2. Issuer Name and Ticker or Trading Symbol ALLIANCE ONE INTERNATIONAL, INC. [AOI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 3301 EVANS STREET 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 03/31/2006 (Street) MOREHEAD, NC 28557 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price Common Stock, no par value             4,000 D   Common Stock, no par value             57,129 (3) I Trust FBO Albert C. Monk IV (son) Common Stock, no par value             57,129 (3) I Trust FBO Tracy Gray Monk (daughter) Common Stock, no par value             68,317 (1) (5) I Albert C. Monk III Revocable Living Trust Common Stock, no par value             293,392 (2) (6) I ALNAM LLC Common Stock, no par value             125,824 (2) I InvestMonk LLC Common Stock, no par value             953 (4) I Albert C Monk IV Irrevocable Trust Common Stock, no par value             952 (4) I Tracy Gray Monk Irrevocable Trust

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 6.45

Â

Â

Â

Â

Â

11/10/2004

11/10/2014

Common Stock

2,250

Â

2,250

D

Â

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
MONK ALBERT C III 3301 EVANS STREET MOREHEAD, NC 28557	  X	Â	Â	Â

Signatures

/s/ HENRY C. BABB, ATTORNEY-IN-FACT		05/15/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Reporting person is sole trustee.
(2)	Reporting person is Chairman of the limited liability company and, as such, exercises exclusive control over its assets.
(3)	Trust FBO one of reporting person's children in which the reporting person has sole voting power.
(4)	Irrevocable trust for which reporting person is sole trustee and has sole voting and investment rights.
(5)	Includes 2,250 shares transferred from Mr. Monk's direct ownership into this Trust
(6)	Includes 142,700 shares transferred from Mr. Monk's direct ownership into LLC and 103,400 shares transferred from Nan Gray Monk (spouse) into LLC

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