AMERICAN EXPRESS CO — Director's Dealing 2005

Jan 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-01-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-26	Common Shares	F	538	$53.08	Disposed	178275	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	6711	Indirect
Common Shares	1110	Indirect

Footnotes

F1: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of restricted sto
ck.

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.