AMERICAN EXPRESS CO — Director's Dealing 2004

Nov 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-10-25

Reporting Person: MCGINN RICHARD A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-25	Common Shares	P	2000	$51.91	Acquired	12622	Direct

Footnotes

F1: This transaction should have been reported on or before October 27, 2004.

F2: Includes 37 shares acquired pursuant to the Company's dividend reinvestment plan.

F3: The shares acquired on October 25, 2004 were not reflected in the reporting person's direct holdings shown on a Form 4 filed on November 5, 2004 to report other transactions; as a result, the direct holdings shown in Column 5, "Amount of Securities Benficially Owned Following Reported Transactions" on the Form 4 filed on November 5, 2004, were understated by 2,000 shares.