AMERICAN EXPRESS CO — Director's Dealing 2007

May 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-05-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-03-09	Common Stock	G	709	—	Disposed	700731	Direct
2007-04-18	Common Stock	G	415	—	Disposed	700316	Direct
2007-04-23	Common Stock	G	165	—	Disposed	700151	Direct
2007-04-24	Common Stock	G	165	—	Disposed	699986	Direct
2007-05-15	Common Stock	G	161	—	Disposed	699825	Direct
2007-05-23	Common Stock	S	23600	$64.4	Disposed	676225	Direct
2007-05-23	Common Stock	S	4100	$64.41	Disposed	672125	Direct
2007-05-23	Common Stock	S	20300	$64.64	Disposed	651825	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	100000	Indirect
Common Stock	75511	Indirect
Common Stock	53423	Indirect
Common Stock	40764	Indirect
Common Stock	27600	Indirect
Common Stock	20616	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.