AMERICAN EXPRESS CO — Director's Dealing 2005

Feb 9, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-02-07

Reporting Person: HOUSE DAVID C (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-07	Common Shares	M	189500	$27.458	Acquired	367775	Direct
2005-02-07	Common Shares	S	10000	$55.33	Disposed	357775	Direct
2005-02-07	Common Shares	S	10000	$55.34	Disposed	347775	Direct
2005-02-07	Common Shares	S	25000	$55.35	Disposed	322775	Direct
2005-02-07	Common Shares	S	1000	$55.36	Disposed	321775	Direct
2005-02-07	Common Shares	S	31563	$55.37	Disposed	290212	Direct
2005-02-07	Common Shares	S	25100	$55.38	Disposed	265112	Direct
2005-02-07	Common Shares	S	8000	$55.39	Disposed	257112	Direct
2005-02-07	Common Shares	S	26000	$55.40	Disposed	231112	Direct
2005-02-07	Common Shares	S	337	$55.63	Disposed	230775	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-07	Employee Stock Option (right to buy)	$27.458	M	189500	Disposed	2008-09-27	Common Shares (189500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	6711	Indirect
Common Shares	1110	Indirect

Footnotes

F1: 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.

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