AMERICAN EXPRESS CO — Director's Dealing 2005

Jun 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-06-17

Reporting Person: SCHICK THOMAS A (EVP-Corp. Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-17	Common Shares	M	116180	$38.515	Acquired	279802	Direct
2005-06-17	Common Shares	S	89680	$55.00	Disposed	190122	Direct
2005-06-17	Common Shares	S	2000	$55.03	Disposed	188122	Direct
2005-06-17	Common Shares	S	7500	$55.04	Disposed	180622	Direct
2005-06-17	Common Shares	S	2000	$55.05	Disposed	178622	Direct
2005-06-17	Common Shares	S	2300	$55.06	Disposed	176322	Direct
2005-06-17	Common Shares	S	400	$55.07	Disposed	175922	Direct
2005-06-17	Common Shares	S	12300	$55.08	Disposed	163622	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-17	Employee Stock Option (right to buy)	$38.515	M	116180	Disposed	2006-02-25	Common Shares (116180)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	902	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of June 17, 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.