AMERICAN EXPRESS CO — Director's Dealing 2003

Sep 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2003-09-09

Reporting Person: SCHICK THOMAS A (EVP-Corp. Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-09	Common Shares	M	1112.000	$39.688	Acquired	172140.516	Direct
2003-09-11	Common Shares	M	39400.000	$39.688	Acquired	211540.516	Direct
2003-09-11	Common Shares	S	40512.000	$45.80	Disposed	171028.516	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-09	Employee Stock Option (right to buy)	$39.688	M	1112.000	Disposed	2004-02-27	Common Shares (1112.000)	Direct
2003-09-11	Employee Stock Option (right to buy)	$39.688	M	39400.000	Disposed	2004-02-27	Common Shares (39400.000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	822.950	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of September 4, 2003. This plan uses unit accounting, and the number of shares that a participant is deemed to hold varies with the unit price of the Company pooled stock fund.