AMERICAN EXPRESS CO — Director's Dealing 2007

Jan 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2007-01-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-12-13	Common Stock	G	3390	—	Disposed	738449	Direct
2006-12-13	Common Stock	G	632	—	Disposed	737817	Direct
2007-01-23	Common Stock	F	14061	$57.65	Disposed	623756	Direct
2006-12-13	Common Stock	G	632	—	Acquired	44243	Indirect
2006-03-23	Common Stock	G	9180	—	Acquired	53423	Indirect
2006-03-23	Common Stock	G	9180	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27600	Indirect
Common Stock	18614	Indirect
Common Stock	40764	Indirect
Common Stock	75511	Indirect
Common Stock	0	Indirect
Common Stock	100000	Indirect

Footnotes

F1: The ending balance shown here reflects shares returned to Direct ownership which were shown on previous filings as Indirectly held in escrow and GRAT's.

F2: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of a restricted stock award.

F3: 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.