UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                              FORM 13(F) COVER PAGE


Report for the Calendar Year or Quarter Ended: March 31, 2006

Check here if Amendment             [  ]; Amendment Number:
This Amendment (Check only one.):   [  ] is a restatement.
                                    [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:     American Express Company
Address:  200 Vesey Street
          New York, New York 10285

Form 13F File Number: 28-698

The institutional  investment  manager filing this report and the person by whom
it is signed hereby  represent  that the person signing the report is authorized
to  submit  it,  that all  information  contained  herein is true,  correct  and
complete,  and  that it is  understood  that  all  required  items,  statements,
schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:      Stephen P. Norman
Title:     Corporate Secretary
Phone:     212-640-2000

Signature, Place, and Date of Signing:

/s/ Stephen P. Norman
--------------------------------------------------------------------------------
Stephen P. Norman           New York, New York                May 15, 2006
   [Signature]                [City, State]                     [Date]


Report Type (Check only one.):

[ X ]    13F HOLDINGS REPORT.

[   ]    13F NOTICE.

[   ]    13F COMBINATION REPORT.




                             FORM 13F SUMMARY PAGE

Report Summary:
Number of Other Included Managers:  0
Form 13F Information Table Entry Total: 1
Form 13F Information Table Value Total: $407,000

List of Other Included Managers:
None.


Through and  including the quarter ended  September 30, 2005,  American  Express
Company's (the "Company")  holdings of "Section 13(f)  securities" were included
in the Form 13F filed by  American  Express  Financial  Corporaton,  formerly  a
wholly-owned  subsidiary of the Company  ("AEFC"),  and the Company filed a Form
13F-NT with the Commission on a quarterly basis to report that its Section 13(f)
securities were included in AEFC's Form 13F reports.  On September 30, 2005, the
Company completed the spin-off of 100% of the common stock of AEFC (now known as
Ameriprise Financial,  Inc.) to the Company's  shareholders,  the consequence of
which is that AEFC is no longer a  subsidiary  of the  Company.  The  Company is
filing this Form 13F pursuant to the requirements of the Securities and Exchange
Commission  notwithstanding  that the market value of Section  13(f)  securities
over which it exercises investment discretion is less than $100 million.







                                                           FORM 13F INFORMATION TABLE

                                                                                            
    NAME OF          TITLE                 VALUE     SHARES OR    SH/    PUT/    INVSTMT      OTHER          VOTING AUTHORITY
    ISSUER          OF CLASS    CUSIP     (x1000)     PRN AMT     PRN    CALL    DSCRETN     MANAGERS     SOLE     SHARED    NONE
-----------------   --------  ---------   -------    ---------    ---    ----    -------     --------    ------   --------  ------
INTERSECTIONS INC.    COM     460981301     407       35,983      SH              SOLE                   35,983      0         0