AMERICAN EXPRESS CO — Director's Dealing 2005

May 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-05-03

Reporting Person: PARENT LOUISE M (EVP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-03	Common Shares	I	4261	$53.00	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	327324	Direct

Footnotes

F1: Shares held in reporting person's account under the Company's Incentive Savings Plan as of May 3, 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.