AMERICAN EXPRESS CO — Director's Dealing 2004

Jan 28, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-01-27

Reporting Person: AKERSON DANIEL F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-27	Common Shares	M	3000.000	$34.167	Acquired	45699.969	Direct
2004-01-27	Common Shares	M	2000.000	$40.63	Acquired	47699.969	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-27	Director Stock Option (right to buy)	$34.167	M	3000.000	Disposed	2008-04-27	Common Shares (3000.000)	Direct
2004-01-27	Director Stock Option (right to buy)	$40.63	M	2000.000	Disposed	2011-04-22	Common Shares (2000.000)	Direct

Footnotes

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