AMERICAN EXPRESS CO — Director's Dealing 2006

Jan 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2006-01-06

Reporting Person: BOWEN WILLIAM G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-06	Common Stock	M	3427	$39.309	Acquired	32570.6293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-06	Director Stock Option (Right to Buy)	$39.309	M	3427	Disposed	2009-04-26	Common Stock (3427)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4300	Indirect
Common Stock	3420	Indirect
Common Stock	9420	Indirect

Footnotes

F1: On January 30, 2004, the reporting person contributed these shares of common stock to a charitable remainder trust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the AXP common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.