AMERICAN EXPRESS CO — Director's Dealing 2007

Oct 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-09-28

Reporting Person: WILLIAMS RONALD A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-28	Share Equivalent Units	$	A	189.15	Acquired		Common Stock (189.15)	Direct

Footnotes

F1: The Share Equivalent Units convert into common stock on a one-for-one basis.

F2: The reported Share Equivalent Units were acquired pursuant to the Company's Deferred Compensation Plan for Directors and Advisors and will be settled in cash following termination of service as a Director.

F3: The Share Equivalent Units are convertible immediately and have no expiration date.

F4: Includes share equivalent units acquired pursuant to a dividend reinvestment feature of the Company's Deferred Compensation Plan for Directors and Advisors and/or the 2003 Share Equivalent Unit Plan for Directors.