AMERICAN EXPRESS CO — Director's Dealing 2005

Aug 15, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-08-11

Reporting Person: PARENT LOUISE M (EVP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-11	Common Shares	M	165000	$29.302	Acquired	493949	Direct
2005-08-11	Common Shares	S	40000	$56.90	Disposed	453949	Direct
2005-08-11	Common Shares	S	9400	$56.75	Disposed	444549	Direct
2005-08-11	Common Shares	S	600	$56.77	Disposed	443949	Direct
2005-08-11	Common Shares	S	31200	$56.85	Disposed	412749	Direct
2005-08-11	Common Shares	S	19400	$56.82	Disposed	393349	Direct
2005-08-11	Common Shares	S	11300	$56.84	Disposed	382049	Direct
2005-08-11	Common Shares	S	53100	$56.80	Disposed	328949	Direct
2005-08-12	Common Shares	G	180	—	Disposed	328769	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-11	Employee Stock Option (right to buy)	$29.302	M	165000	Disposed	2008-02-22	Common Shares (165000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	10	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of August 9, 2005. 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.

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