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: CRACCHIOLO JAMES M (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-09	Common Shares	M	11178.000	$39.00	Acquired	293481.190	Direct
2003-09-09	Common Shares	M	1531.000	$39.51	Acquired	295012.190	Direct
2003-09-09	Common Shares	S	209.000	$45.68	Disposed	294803.190	Direct
2003-09-09	Common Shares	S	100.000	$45.67	Disposed	294703.190	Direct
2003-09-09	Common Shares	S	12400.000	$45.66	Disposed	282303.190	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-09	Employee Stock Option (right to buy)	$39.000	M	11178.000	Disposed	2003-10-25	Common Shares (11178.000)	Direct
2003-09-09	Employee Stock Option (right to buy)	$39.510	M	1531.000	Disposed	2003-10-25	Common Shares (1531.000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4643.610	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.