AMERICAN EXPRESS CO — Director's Dealing 2006

Feb 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-02-21

Reporting Person: CHENAULT KENNETH I (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-21	Common Stock	S	9000	$53.85	Disposed	891762	Direct
2006-02-21	Common Stock	S	2000	$53.87	Disposed	889762	Direct
2006-02-21	Common Stock	S	4000	$53.88	Disposed	885762	Direct
2006-02-21	Common Stock	S	5300	$53.9	Disposed	880462	Direct
2006-02-21	Common Stock	S	9500	$53.91	Disposed	870962	Direct
2006-02-21	Common Stock	S	8200	$53.92	Disposed	862762	Direct
2006-02-21	Common Stock	S	7300	$53.93	Disposed	855462	Direct
2006-02-21	Common Stock	S	4600	$53.94	Disposed	850862	Direct
2006-02-21	Common Stock	S	16600	$53.95	Disposed	834262	Direct
2006-02-21	Common Stock	S	19100	$53.96	Disposed	815162	Direct
2006-02-21	Common Stock	S	9700	$53.97	Disposed	805462	Direct
2006-02-21	Common Stock	S	2900	$53.98	Disposed	802562	Direct
2006-02-21	Common Stock	S	3200	$54	Disposed	799362	Direct
2006-02-21	Common Stock	S	400	$54.01	Disposed	798962	Direct
2006-02-21	Common Stock	S	1900	$54.02	Disposed	797062	Direct
2006-02-21	Common Stock	S	2200	$54.03	Disposed	794862	Direct
2006-02-21	Common Stock	S	200	$54.04	Disposed	794662	Direct
2006-02-21	Common Stock	S	2300	$54.05	Disposed	792362	Direct
2006-02-21	Common Stock	S	6800	$54.06	Disposed	785562	Direct
2006-02-21	Common Stock	S	5000	$54.07	Disposed	780562	Direct
2006-02-21	Common Stock	S	12700	$54.08	Disposed	767862	Direct
2006-02-21	Common Stock	S	12200	$54.09	Disposed	755662	Direct
2006-02-21	Common Stock	S	24200	$54.1	Disposed	731462	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27600	Indirect
Common Stock	14903	Indirect
Common Stock	18092	Indirect
Common Stock	43611	Indirect
Common Stock	40764	Indirect
Common Stock	86000	Indirect
Common Stock	222971	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.