AMERICAN EXPRESS CO — Director's Dealing 2006

Jan 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-01-23

Reporting Person: AMBLE JOAN LORDI (Senior Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-23	Employee Stock Option (Right to Buy)	$51.865	A	55000	Acquired	2016-01-23	Common Stock (55000)	Direct

Footnotes

F1: These options will become exercisable in four equal annual installments (25% on Jan. 23, 2007, 2008, 2009, and 2010, respectively) subject to award requirements including continuous employment.