AMERICAN EXPRESS CO — Director's Dealing 2007

Jun 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-05-30

Reporting Person: HAYES JOHN D (EVP, Advertising)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-30	Common Stock	M	123379	$38.224	Acquired	223425	Direct
2007-05-30	Common Stock	F	95196	$64.398	Disposed	128229	Direct
2007-05-31	Common Stock	S	9600	$64.84	Disposed	118629	Direct
2007-05-31	Common Stock	S	14100	$64.85	Disposed	104529	Direct
2007-05-31	Common Stock	S	500	$64.86	Disposed	104029	Direct
2007-05-31	Common Stock	S	2600	$64.88	Disposed	101429	Direct
2007-05-31	Common Stock	S	1200	$64.89	Disposed	100229	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-30	Employee Stock Option (Right to Buy)	$38.224	M	123379	Disposed	2010-02-27	Common Stock (123379)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3358	Indirect

Footnotes

F1: The reported disposition represents the surrender of shares to satisfy the option cost due and tax obligations arising from the exercise of options.

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.