AMERICAN EXPRESS CO — Director's Dealing 2008

Jan 31, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2008-01-28

Reporting Person: KELLY ALFRED F JR (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-01-28	Common Stock	F	1068	$46.234	Disposed	367721	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4695	Indirect

Footnotes

F1: The reported disposition represents the surrender of shares to satisfy tax obligations arising from the vesting of a restricted stock award.

F2: Shares held in reporting person's account under the Company's Retirement 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.