AMERICAN EXPRESS CO — Director's Dealing 2005

May 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-05-16

Reporting Person: Squeri Stephen J (EVP, Chief Information Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-16	Employee Stock Option (right to buy)	$52.065	A	32000	Acquired	2015-05-16	Common Stock (32000)	Direct

Footnotes

F1: These options will vest in four equal annual installments beginning on the date shown as "Date Exercisable" subject to continuous employment.