AMERICAN EXPRESS CO — Director's Dealing 2003

Aug 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2003-08-11

Reporting Person: ISEGHOHI THOMAS A (Corporate Comptroller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-11	Common Shares	M	4500.000	$36.49	Acquired	30500.000	Direct
2003-08-11	Common Shares	S	4500.000	$44.00	Disposed	26000.000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-11	Employee Stock Option (right to buy) - 1/28/02	$36.490	M	4500.000	Disposed	2012-01-27	Common Shares (4500.000)	Direct

Footnotes

F1: In addition to the direct holdings shown above, Mr. Iseghohi also holds 56 shares indirectly under the Company's Incentive Savings Plan. 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.