AMERICAN EXPRESS CO — Director's Dealing 2005

Jan 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2004-12-31

Reporting Person: CRACCHIOLO JAMES M (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-31	Common Shares	S	5800	$56.71	Disposed	343170	Direct
2004-12-31	Common Shares	S	3700	$56.70	Disposed	339470	Direct
2004-12-31	Common Shares	S	500	$56.72	Disposed	338970	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4719	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.