AMERICAN EXPRESS CO — Director's Dealing 2003

Sep 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2003-09-04

Reporting Person: GILLIGAN EDWARD P (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-04	Common Shares	M	25000.000	$22.146	Acquired	196346.000	Direct
2003-09-04	Common Shares	M	29100.000	$29.302	Acquired	225446.000	Direct
2003-09-04	Common Shares	F	39137.000	$45.505	Disposed	186309.000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-04	Employee Stock Option (right to buy)	$22.146	M	25000.000	Disposed	2007-02-23	Common Shares (25000.000)	Direct
2003-09-04	Employee Stock Option (right to buy)	$29.302	M	29100.000	Disposed	2008-02-22	Common Shares (29100.000)	Direct
2003-09-04	Employee Stock Option (right to buy)	$45.505	A	22416.000	Acquired	2008-02-22	Common Shares (22416.000)	Direct
2003-09-04	Employee Stock Option (right to buy)	$45.505	A	16721.000	Acquired	2007-02-23	Common Shares (16721.000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1278.820	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.