SEC Form 3

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 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Henry Daniel T (Last) (First) (Middle) 3 WORLD FINANCIAL CENTER 200 VESEY ST., AMERICAN EXPRESS TOWER (Street) NEW YORK NY 10285 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 02/26/2007	3. Issuer Name and Ticker or Trading Symbol AMERICAN EXPRESS CO [ AXP ]
		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 of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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

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: 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

Explanation of Responses:

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.

	/s/ Stephen P. Norman, attorney-in-fact	03/07/2007
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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