AMERICAN EXPRESS CO — Director's Dealing 2007

Apr 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-03-30

Reporting Person: WILLIAMS RONALD A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-30	Share Equivalent Units	$0	A	176.66	Acquired		Common Stock (176.66)	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 2003 Share Equivalent Unit Plan for Directors and will be settled in cash following terminatin of service as a Director.

F3: The Share equivalent units are convertible immediately and have no expiration date.