AMERICAN EXPRESS CO — Director's Dealing 2007

Feb 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-15	Common Stock	M	367938	$34.791	Acquired	985343	Direct
2007-02-15	Common Stock	F	283463	$58.82	Disposed	701880	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-15	Employee Stock Option (Right to Buy)	$34.791	M	367938	Disposed	2007-02-23	Common Stock (367938)	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	18614	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.