AMERICAN EXPRESS CO — Director's Dealing 2004

Mar 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-03-18

Reporting Person: JOHNSON F ROSS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-18	Common Shares	M	3420.000	$8.659	Acquired	73121.254	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-18	Options (right to buy)	$8.659	M	3420.000	Disposed	2004-04-24	Common Shares (3420.000)	Direct

Footnotes

F1: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."