AMERICAN EXPRESS CO — Director's Dealing 2004

Nov 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-11-08

Reporting Person: BOWEN WILLIAM G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-08	Common Shares	M	3000	$34.167	Acquired	32102	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-08	Director Stock Option (right to buy)	$34.167	M	3000	Disposed	2008-04-27	Common Shares (3000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	6820	Indirect
Common Shares	3420	Indirect
Common Shares	4300	Indirect

Footnotes

F1: On January 30, 2004, the reporting person contributed these shares of common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the AXP common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.

F2: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."