AMERICAN EXPRESS CO — Director's Dealing 2007

Mar 7, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-02-26

Reporting Person: Henry Daniel T (Acting Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35220	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (Right to Buy)	$31.057	2013-03-24	Common Stock (2582)		Direct
Employee Stock Option (Right to Buy)	$43.977	2014-01-25	Common Stock (68544)		Direct
Employee Stock Option (Right to Buy)	$48.858	2009-02-21	Common Stock (30375)		Direct
Employee Stock Option (Right to Buy)	$45.768	2015-01-23	Common Stock (28560)		Direct
Employee Stock Option (Right to Buy)	$51.865	2016-01-22	Common Stock (30000)		Direct
Employee Stock Option (Right to Buy)	$57.77	2017-01-25	Common Stock (27500)		Direct

Footnotes

F1: Includes 15,133 common stock equivalents granted pursuant to "Letter of Intent" awards which will be settled in common shares on the applicable vesting dates if all award requirements have been met.

F2: 2,571 of these options will become exercisable on March 25, 2007 subject to award requirements including continuous employment with the Company; the balance became exercisable on March 25, 2006.

F3: These options become exercisable in four equal annual installments (25% on the first, second, third, and fourth anniversary of grant date, respectively) subject to award requirements including continuous employment with the Company.