AMERICAN EXPRESS CO — Director's Dealing 2005

Aug 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-07-29

Reporting Person: GILLIGAN EDWARD P (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-29	Common Shares	M	78000	$27.458	Acquired	266887	Direct
2005-07-29	Common Shares	S	66463	$55.46	Disposed	200424	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-29	Employee Stock Option (right to buy)	$27.458	M	78000	Disposed	2008-09-27	Common Shares (78000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1376	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.