AMERICAN EXPRESS CO — Director's Dealing 2005

Jun 3, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-06-01

Reporting Person: LINEN JONATHAN S (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-01	Common Shares	S	18900	$54.30	Disposed	744012	Direct
2005-06-01	Common Shares	S	200	$54.31	Disposed	743812	Direct
2005-06-01	Common Shares	S	10900	$54.32	Disposed	732912	Direct
2005-06-01	Common Shares	S	400	$54.33	Disposed	732512	Direct
2005-06-01	Common Shares	S	1300	$54.34	Disposed	731212	Direct
2005-06-01	Common Shares	S	8300	$54.35	Disposed	722912	Direct
2005-06-01	Common Shares	S	19500	$54.36	Disposed	703412	Direct
2005-06-01	Common Shares	S	10500	$54.38	Disposed	692912	Direct
2005-06-01	Common Shares	S	10000	$54.39	Disposed	682912	Direct
2005-06-01	Common Shares	S	10000	$54.40	Disposed	672912	Direct
2005-06-01	Common Shares	S	9000	$54.42	Disposed	663912	Direct
2005-06-01	Common Shares	S	1000	$54.44	Disposed	662912	Direct
2005-05-11	Common Shares	G	475	—	Disposed	34025	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	45944	Indirect

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan. 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: This disposition was a bona fide gift involving no payment of consideration by the recipient of the gift.