AMERICAN EXPRESS CO — Director's Dealing 2005

Aug 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-08-01

Reporting Person: HOUSE DAVID C (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-08-01	Common Shares	M	150000	$35.292	Acquired	377310	Direct
2005-08-01	Common Shares	M	42245	$43.81	Acquired	419555	Direct
2005-08-01	Common Shares	M	30608	$46.98	Acquired	450163	Direct
2005-08-01	Common Shares	M	20142	$46.98	Acquired	470305	Direct
2005-08-01	Common Shares	S	600	$55.05	Disposed	469705	Direct
2005-08-01	Common Shares	S	2300	$55.04	Disposed	467405	Direct
2005-08-01	Common Shares	S	200	$55.03	Disposed	467205	Direct
2005-08-01	Common Shares	S	2200	$55.02	Disposed	465005	Direct
2005-08-01	Common Shares	S	3400	$55.01	Disposed	461605	Direct
2005-08-01	Common Shares	S	46100	$55.00	Disposed	415505	Direct
2005-08-01	Common Shares	S	40400	$54.98	Disposed	375105	Direct
2005-08-01	Common Shares	S	27000	$54.97	Disposed	348105	Direct
2005-08-01	Common Shares	S	1300	$54.96	Disposed	346805	Direct
2005-08-01	Common Shares	S	39500	$54.95	Disposed	307305	Direct
2005-08-01	Common Shares	S	11400	$54.94	Disposed	295905	Direct
2005-08-01	Common Shares	S	16500	$54.93	Disposed	279405	Direct
2005-08-01	Common Shares	S	1600	$54.86	Disposed	277805	Direct
2005-08-01	Common Shares	S	600	$54.85	Disposed	277205	Direct
2005-08-01	Common Shares	S	1300	$54.84	Disposed	275905	Direct
2005-08-01	Common Shares	S	10000	$54.82	Disposed	265905	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-08-01	Employee Stock Option (right to buy)	$35.292	M	150000	Disposed	2009-02-22	Common Shares (150000)	Direct
2005-08-01	Employee Stock Option (right to buy)	$46.98	M	20142	Disposed	2007-02-23	Common Shares (20142)	Direct
2005-08-01	Employee Stock Option (right to buy)	$43.81	M	42245	Disposed	2006-02-25	Common Shares (42245)	Direct
2005-08-01	Employee Stock Option (right to buy)	$46.98	M	30608	Disposed	2006-02-25	Common Shares (30608)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	6952	Indirect
Common Shares	1110	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of August 1, 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."