AMERICAN EXPRESS CO — Director's Dealing 2005

Feb 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-02-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-24	Common Shares	M	95943	$53.938	Acquired	423179	Direct
2005-02-24	Common Shares	F	95672	$54.19	Disposed	327507	Direct
2005-02-24	Common Shares	G	183	—	Disposed	327324	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-24	Employee Stock Option (right to buy) - 6/1/00	$53.938	M	95943	Disposed	2005-02-27	Common Shares (95943)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4218	Indirect

Footnotes

F1: The reported disposition represents the surrender of shares to cover the cost of exercise and tax obligations arising from the ex
ercise of employee stock options.

F2: Shares held in reporting person's account under the Company's Incentive Savings Plan as of December 31, 2004. 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.