It's not by Amicus, I know, but I'd definitely recommend the 1945 black and white film Dead of Night:
http://www.imdb.com/title/tt0037635/
Of it's five stories, I'd say only one was very good, the fifth, whilst one was good but a little predictable, that's the second one, the fourth was silly (it was a misplaced attempt at humour before the final story and the genuinely upsetting ending), and stories one and three were nothing special at all.
So why recommend it so highly (and I do)? Because it has by far the best over arcing story of any film of this type that I've ever seen. Granted, that's not saying much, as at best the story is usually a very weak ploy to get a few different people together, with no logic or real relevence, but in The Dead of Night, there is a genuine story, but what's far more important, is that the story is not only interesting and well presented, but it leads up into possible the most disturbing ending of any film I have ever seen. There's no gore, no blood, no bad language, etc, but the ending is so fantastically well done that even now, after all the times I've seen it, and after the countless horror films I've seen, from the very early silent films up until modern day horror films, this film is still the one I'd recommend to anyone who wants to watch a genuinely frightening film.
Not that it's for everyone. Modern horror films are all speed, violence, people being massacred in all sorts of bloody ways, etc. If the film engrosses you (which most modern horrors fail to do), then they can inspire some sort of feelings inside you, such as revulsion or shock, but that's not horror. The ending of The Dead of Night is true horror, because it stays with you and does not leave the fascination - I've seen so many stabbed/shot/burnt alive in films that these things no longer inspire horror in me, as I know it's just a film (in reality it would horrify me, of course), but The Dead of Night doesn't resort to anything like brutality, and the ending still makes me shiver a little, even after all this time, for what it suggests. I can't even hint at what happens, or what it's about, but it makes EVERY other horror film I've seen look pathetic by comparison. And that that was in a 1945 film just shows how good writing combined with good ideas and good direction can beat any number of big budget modern films.
Seriously, if you can get this film, then you should. Just don't let anyone tell you about the film, as you have to watch it for yourself, preferably at night, alone, and with the lights off.
I had to order it from America, but it's now on sale in England I think, and it's sometimes on TV too, but not often, as black and white films aren't too common on TV any more, which means that many people nowadays have never heard of Laurel and Hardy, tragically.
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