AMERICAN EXPRESS CO — Director's Dealing 2005

Jan 27, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2005-01-24

Reporting Person: AMBLE JOAN LORDI (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-24	Employee stock options (right to buy)	$52.285	A	30000	Acquired	2015-01-24	Common Shares (30000)	Direct

Footnotes

F1: These options will vest in four equal annual installments beginning on the date shown as "Date Exercisable" subject to continuous
employment.