AMERICAN EXPRESS CO — Director's Dealing 2005

Mar 24, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-03-23

Reporting Person: AKERSON DANIEL F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-23	Common Shares	M	3000	$44.906	Acquired	50738	Direct
2005-03-23	Common Shares	M	3000	$48.854	Acquired	53738	Direct
2005-03-23	Common Shares	M	1000	$40.63	Acquired	54738	Direct
2005-03-23	Common Shares	M	2000	$43.085	Acquired	56738	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-23	Director Stock Option (right to buy)	$44.906	M	3000	Disposed	2009-04-25	Common Shares (3000)	Direct
2005-03-23	Director Stock Option (right to buy)	$48.854	M	3000	Disposed	2010-04-23	Common Shares (3000)	Direct
2005-03-23	Director Stock Option (right to buy)	$40.63	M	1000	Disposed	2011-04-22	Common Shares (1000)	Direct
2005-03-23	Director Stock Option (right to buy)	$43.085	M	2000	Disposed	2012-04-22	Common Shares (2000)	Direct

Footnotes

F1: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."

F2: These options vested in two equal annual installments beginning on the date shown as "Date Exercisable."