The Australians, one-up in the series, looked in control at 257 for four nearing stumps, before Swann held a flying catch two-handed at square leg to dismiss the dangerous George Bailey for 53.
Bailey had looked set for a substantial score batting with skipper Michael Clarke before he hooked paceman Stuart Broad to Swann, whose brilliant piece of outfielding swung the pendulum towards England on a first day of thrust and parry.
It could have been even better for England. Michael Carberry at backward point dropped a sitter off Haddin shortly before the close.
Bailey was in aggressive mood, smashing three sixes, two of them off spinner Monty Panesar and a pull off paceman Broad.
Panesar put down Bailey, missing a sharp caught and bowled chance when the batsman was on 10 and Clarke survived when a flying Joe Root put him down at midwicket off Swann.
Chris Rogers and Shane Watson put on a century stand for the second wicket before both departed in the space of six balls.
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