Found this here:
The albino strain, or mutation in fish has been discussed here before, people seem to think if the fish is a skin colour [not really white and not really pink] then it must be albino, and retailers are quick to list them as Albino, and charge accordingly. Normally Albino has no colour, excepting for the eye's and in some cases the fins in fish are pink, That's PINK, not red. The albino strain is also a recessive genie. And more often then not, there also barron, sterile or infertile. In nature you might get one in a hundred, or thousand, We have a white //Albino Humpback Whale that visits the East coast of Australia, every year, as they travel north to the warmer waters to breed. And has done so for a number of years. And will continue unless the bloody Japs kill the poor thing. It always makes the news and the local papers, and the whale watchers, all look for it.
Any albino's eye sight is poor, and nature is not very forgiving, when it comes to something different. Also the skin has a lot of trouble with the tropical sun, and skin cancers are not unknown. And regardless of what anyone tells you , you can't breed for Albino, the odd one just appears, and your lucky if they survive.
So if you see a tank full of small Oscars, and there labelled Albino, it's bulls***. They might resemble Albino, in some traits, but if a coloured fin or markings appear as they mature, well you don't have Albino. Even if you have convinced yourself you do.
Article here:
www.parcaquarium.ca/aquarium/entry/39/
Was curious about eyesight of albinos and did a quick google search...