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AMERICAN EXPRESS AND DELTA AIR LINES EXPAND MARKETING AGREEMENT

SkyMiles® Members Can Earn Miles for Seeking Financial Advice

ATLANTA, May 15, 2003 -- American Express Financial Advisors and Delta Air Lines today announced a marketing relationship to allow members of Delta's frequent flyer program to earn miles through a consultation with an American Express financial advisor.

SkyMiles members now can earn 3,000 miles and Medallion members can earn 5,000 miles for an initial face-to-face consultation with an American Express financial advisor. Additionally, SkyMiles members can earn 10,000 miles and Medallion members can earn 15,000 miles by completing a financial plan.

“Delta and American Express have one of the most successful partnerships in the travel industry,” said Christine Pierce, Delta's director of Partnership Marketing. “We are pleased to broaden this relationship and offer SkyMiles members the opportunity to earn miles with American Express Financial Advisors.”

This agreement furthers the existing relationship between Delta and American Express, which includes the co-branded Delta SkyMiles® Credit Card from American Express, Delta's participation as a partner in the Membership Rewards program, the ability for American Express to sell comprehensive travel insurance through Delta channels and the acceptance of American Express Cards for all Delta purchases.

“This agreement brings our relationship with one of our key partners, Delta Air Lines, to a new level and allows us to bring a benefit to SkyMiles members that is in high demand today,” said Jim Cracchiolo, chairman and chief executive officer of American Express Financial Advisors and president of American Express Global Financial Services. “Now, SkyMiles members can meet with a financial advisor and do planning to help meet financial goals, while collecting miles toward future travel in the process.”

All SkyMiles program rules and conditions apply. To join Delta's SkyMiles program, visit delta.com/skymiles.

Delta SkyMiles members earn mileage by flying Delta, Song, Delta Express, Delta Shuttle, Delta Connection and Delta's worldwide partners, including Delta's SkyTeam partners. The Delta SkyMiles program offers many other mileage-building opportunities, including the Delta SkyMiles® Credit Card from American Express, AT&T telecommunication services, EarthLink(TM) Internet services, participating hotels, car rental companies, restaurants, home buying and selling, cruise line and flower purchases.

Delta Air Lines, the world's second largest airline in terms of passengers carried and the leading U.S. carrier across the Atlantic, offers 5,386 flights each day to 435 destinations in 78 countries on Delta, Song, Delta Express, Delta Shuttle, Delta Connection and Delta's worldwide partners. Delta is a founding member of SkyTeam, a global airline alliance that provides customers with extensive worldwide destinations, flights and services. For more information, please go to delta.com.

American Express Financial Advisors is one of the nation's leading financial planning companies. More than 10,100 American Express financial advisors help manage the personal economy of more than 2.6 million clients in the United States through comprehensive, long-term financial planning and high-quality financial products. Click here to find an American Express financial advisor near you.

American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a world leader in charge and credit cards, Travelers Cheques, travel, financial planning, business services, insurance and international banking.


American Express Financial Advisors Inc. Member NASD. American Express Company is separate from American Express Financial Advisors Inc. and is not a broker-dealer.



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