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: 2004-01-26

Reporting Person: AMBLE JOAN LORDI (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-26	Employee stock option (right to buy)	$50.24	A	31000.000	Acquired	2014-01-26	Common Shares (31000.000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	92000.000	Direct

Footnotes

F1: These options will vest in four equal annual installments beginning on the date shown as "Date Exercisable."