AMERICAN EXPRESS CO — Director's Dealing 2006

Nov 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-11-13

Reporting Person: SCHICK THOMAS A (EVP-Corp. Affairs)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-13	Common Stock	M	96201	$32.843	Acquired	229917	Direct
2006-11-13	Common Stock	M	57483	$44.954	Acquired	287400	Direct
2006-11-13	Common Stock	S	3700	$58.57	Disposed	283700	Direct
2006-11-13	Common Stock	S	800	$58.58	Disposed	282900	Direct
2006-11-13	Common Stock	S	23700	$58.95	Disposed	259200	Direct
2006-11-13	Common Stock	S	21684	$58.96	Disposed	237516	Direct
2006-11-13	Common Stock	S	56300	$59	Disposed	181216	Direct
2006-11-13	Common Stock	S	2000	$59.01	Disposed	179216	Direct
2006-11-13	Common Stock	S	23400	$59.02	Disposed	155816	Direct
2006-11-13	Common Stock	S	1100	$59.03	Disposed	154716	Direct
2006-11-13	Common Stock	S	2100	$59.04	Disposed	152616	Direct
2006-11-13	Common Stock	S	18900	$59.05	Disposed	133716	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-11-13	Employee Stock Option (Right to Buy)	$32.843	M	96201	Disposed	2008-02-22	Common Stock (96201)	Direct
2006-11-13	Employee Stock Option (Right to Buy)	$51.355	M	57483	Disposed	2008-02-22	Common Stock (57483)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	978	Indirect

Footnotes

F1: 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.