A composition is provided comprising dispersed particles in an aqueous medium, wherein said dispersed particles comprise fatty amide and one or more fatty acid, wherein 50 mole % or more of said fatty acid in is the carboxylate form, and wherein the weight ratio of said fatty amide to said fatty acid is from 0.12:1 to 2.3:1. Also provided is method of making that composition, comprising the step of applying shear to a mixture that comprises said fatty amide, said fatty acid, and water, wherein said applying shear is performed at a temperature above 59° C., and wherein the amount of water in said mixture is 70% or less by weight based on the weight of said mixture.