AMERICAN EXPRESS CO — Director's Dealing 2007

May 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-05-14

Reporting Person: KELLY ALFRED F JR (Member, Global Leadership Team)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-14	Common Stock	M	23939	$43.4	Acquired	302728	Direct
2007-05-14	Common Stock	M	25649	$43.4	Acquired	328377	Direct
2007-05-14	Common Stock	M	81333	$47.706	Acquired	409710	Direct
2007-05-14	Common Stock	M	2311	$47.706	Acquired	412021	Direct
2007-05-14	Common Stock	M	11217	$47.706	Acquired	423238	Direct
2007-05-14	Common Stock	F	123072	$62.745	Disposed	300166	Direct
2007-05-15	Common Stock	S	21377	$63.163	Disposed	278789	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-14	Employee Stock Option (Right to Buy)	$43.4	M	23939	Disposed	2008-02-22	Common Stock (23939)	Direct
2007-05-14	Employee Stock Option (Right to Buy)	$43.4	M	25649	Disposed	2008-10-25	Common Stock (25649)	Direct
2007-05-14	Employee Stock Option (Right to Buy)	$47.706	M	81333	Disposed	2009-02-21	Common Stock (81333)	Direct
2007-05-14	Employee Stock Option (Right to Buy)	$47.706	M	2311	Disposed	2008-02-22	Common Stock (2311)	Direct
2007-05-14	Employee Stock Option (Right to Buy)	$47.706	M	11217	Disposed	2008-10-25	Common Stock (11217)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4655	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.