AMERICAN EXPRESS CO — Director's Dealing 2006

May 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-04-27

Reporting Person: PARENT LOUISE M (EVP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-27	Common Stock	M	188496	$30.892	Acquired	497345.2615	Direct
2006-04-27	Common Stock	M	188496	$38.224	Acquired	685841.2615	Direct
2006-04-27	Common Stock	S	19400	$52.65	Disposed	666441.2615	Direct
2006-04-27	Common Stock	S	19100	$52.66	Disposed	647341.2615	Direct
2006-04-27	Common Stock	S	38900	$52.68	Disposed	608441.2615	Direct
2006-04-27	Common Stock	S	71800	$52.69	Disposed	536641.2615	Direct
2006-04-27	Common Stock	S	27500	$52.7	Disposed	509141.2615	Direct
2006-04-27	Common Stock	S	67300	$52.71	Disposed	441841.2615	Direct
2006-04-27	Common Stock	S	25200	$52.72	Disposed	416641.2615	Direct
2006-04-27	Common Stock	S	41400	$52.73	Disposed	375241.2615	Direct
2006-04-27	Common Stock	S	22900	$52.74	Disposed	352341.2615	Direct
2006-04-27	Common Stock	S	500	$52.75	Disposed	351841.2615	Direct
2006-04-27	Common Stock	S	17500	$52.77	Disposed	334341.2615	Direct
2006-04-27	Common Stock	S	800	$52.78	Disposed	333541.2615	Direct
2006-04-27	Common Stock	S	1100	$52.79	Disposed	332441.2615	Direct
2006-04-27	Common Stock	S	34800	$52.8	Disposed	297641.2615	Direct
2006-04-27	Common Stock	S	3900	$52.81	Disposed	293741.2615	Direct
2006-04-27	Common Stock	S	23989	$52.82	Disposed	269752.2615	Direct
2006-04-27	Common Stock	S	1900	$52.83	Disposed	267852.2615	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-27	Employee Stock Option (Right to Buy)	$30.892	M	188496	Disposed	2009-02-22	Common Stock (188496)	Direct
2006-04-27	Employee Stock Option (Right to Buy)	$38.224	M	188496	Disposed	2010-02-28	Common Stock (188496)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	42.25	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.