Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Henry Daniel T
 2. Date of Event Requiring Statement (Month/Day/Year)
02/26/2007		 3. Issuer Name and Ticker or Trading Symbol
AMERICAN EXPRESS CO [AXP]
(Last)
(First)
(Middle)
3 WORLD FINANCIAL CENTER, 200 VESEY ST., AMERICAN EXPRESS TOWER		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Acting Chief Financial Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10285		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 35,220 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (Right to Buy) 03/25/2006(2) 03/24/2013 Common Stock 2,582 $ 31.057 D  
Employee Stock Option (Right to Buy) 01/26/2005(3) 01/25/2014 Common Stock 68,544 $ 43.977 D  
Employee Stock Option (Right to Buy) 05/15/2005 02/21/2009 Common Stock 30,375 $ 48.858 D  
Employee Stock Option (Right to Buy) 01/24/2006(3) 01/23/2015 Common Stock 28,560 $ 45.768 D  
Employee Stock Option (Right to Buy) 01/23/2007(3) 01/22/2016 Common Stock 30,000 $ 51.865 D  
Employee Stock Option (Right to Buy) 01/25/2008(3) 01/25/2017 Common Stock 27,500 $ 57.77 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Henry Daniel T
3 WORLD FINANCIAL CENTER
200 VESEY ST., AMERICAN EXPRESS TOWER
NEW YORK, NY 10285		       Acting Chief Financial Officer  

Signatures

/s/ Stephen P. Norman, attorney-in-fact 03/07/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) 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.
(3) 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.

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