AMERICAN EXPRESS CO — Director's Dealing 2010

Nov 29, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMERICAN EXPRESS CO (AXP)
CIK: 0000004962
Period of Report: 2010-11-24

Reporting Person: Buckminster Douglas E. (Pres, Int'l Consumer & SBS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-24	Common Stock	M	39984	$38.922	Acquired	125999	Direct
2010-11-24	Common Stock	S	38100	$42.7608	Disposed	87899	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-24	Employee Stock Option (Right to Buy)	$38.922	M	39984	Disposed	2011-02-25	Common Stock (39984)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11603	Indirect

Footnotes

F1: Represents the sale of shares to cover the cost of exercise and applicable withholding taxes in connection with the exercise of employee stock options reported above.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.70 to $42.79. The reporting person undertakes to provide to American Express Company, any security holder of American Express Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within this range.

F3: 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.

F4: These options vested in three equal annual installments beginning on the date shown as "Date Exercisable."