AMERICAN EXPRESS CO — Director's Dealing 2004

Feb 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-02-13

Reporting Person: CHENAULT KENNETH I (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-13	Common Shares	S	1700.000	$53.06	Disposed	1209370.000	Direct
2004-02-13	Common Shares	S	500.000	$53.07	Disposed	1208870.000	Direct
2004-02-13	Common Shares	S	21200.000	$53.08	Disposed	1187670.000	Direct
2004-02-13	Common Shares	S	4400.000	$53.09	Disposed	1183270.000	Direct
2004-02-13	Common Shares	S	13000.000	$53.10	Disposed	1170270.000	Direct
2004-02-13	Common Shares	S	3900.000	$53.11	Disposed	1166370.000	Direct
2004-02-13	Common Shares	S	24300.000	$53.12	Disposed	1142070.000	Direct
2004-02-13	Common Shares	S	1800.000	$53.13	Disposed	1140270.000	Direct
2004-02-13	Common Shares	S	400.000	$53.14	Disposed	1139870.000	Direct
2004-02-13	Common Shares	S	14200.000	$53.15	Disposed	1125670.000	Direct
2004-02-13	Common Shares	S	2700.000	$53.16	Disposed	1122970.000	Direct
2004-02-13	Common Shares	S	9800.000	$53.17	Disposed	1113170.000	Direct
2004-02-13	Common Shares	S	800.000	$53.18	Disposed	1112370.000	Direct
2004-02-13	Common Shares	S	1300.000	$53.19	Disposed	1111070.000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	19231.000	Indirect
Common Shares	28000.000	Indirect
Common Shares	17241.000	Indirect
Common Shares	40764.000	Indirect
Common Shares	27600.000	Indirect
Common Shares	42536.000	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of December 31, 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.