AMERICAN EXPRESS CO — Director's Dealing 2006

Nov 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-11-17

Reporting Person: GILLIGAN EDWARD P (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-17	Common Stock	M	34272	$38.224	Acquired	236447	Direct
2006-11-17	Common Stock	M	171360	$38.224	Acquired	407807	Direct
2006-11-17	Common Stock	M	19529	$35.977	Acquired	427336	Direct
2006-11-17	Common Stock	M	25608	$39.833	Acquired	452944	Direct
2006-11-17	Common Stock	M	19102	$39.833	Acquired	472046	Direct
2006-11-17	Common Stock	F	165670	$59.67	Disposed	306376	Direct
2006-11-17	Common Stock	S	7900	$59.61	Disposed	298476	Direct
2006-11-17	Common Stock	S	1100	$59.62	Disposed	297376	Direct
2006-11-17	Common Stock	S	2100	$59.63	Disposed	295276	Direct
2006-11-17	Common Stock	S	1100	$59.64	Disposed	294176	Direct
2006-11-17	Common Stock	S	28815	$59.65	Disposed	265361	Direct
2006-11-17	Common Stock	S	10361	$59.66	Disposed	255000	Direct
2006-11-17	Common Stock	S	2800	$59.67	Disposed	252200	Direct
2006-11-17	Common Stock	S	12125	$59.68	Disposed	240075	Direct
2006-11-17	Common Stock	S	400	$59.69	Disposed	239675	Direct
2006-11-17	Common Stock	S	2800	$59.7	Disposed	236875	Direct
2006-11-17	Common Stock	S	900	$59.71	Disposed	235975	Direct
2006-11-17	Common Stock	S	4900	$59.72	Disposed	231075	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-17	Employee Stock Option (Right to Buy)	$38.224	M	34272	Disposed	2010-02-27	Common Stock (34272)	Direct
2006-11-17	Employee Stock Option (Right to Buy)	$38.224	M	171360	Disposed	2010-02-27	Common Stock (171360)	Direct
2006-11-17	Employee Stock Option (Right to Buy)	$35.977	M	19529	Disposed	2007-02-23	Common Stock (19529)	Direct
2006-11-17	Employee Stock Option (Right to Buy)	$39.833	M	25608	Disposed	2008-02-22	Common Stock (25608)	Direct
2006-11-17	Employee Stock Option (Right to Buy)	$39.833	M	19102	Disposed	2007-02-23	Common Stock (19102)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1444	Indirect

Footnotes

F1: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."

F2: Shares held in reporting person's account under the Company's Incentive Savings Plan. 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.