AMERICAN EXPRESS ISSUES NOTICE REGARDING 1.85% CONVERTIBLE DEBENTURES

NEW YORK, October 31, 2006 -- American Express Company today announced a notice of potential remarketing and notice of redemption related to its 1.85% Convertible Senior Debentures due 2033 issued under the Indenture, dated as of November 21, 2003, between the Company and U.S. Bank National Association, as Trustee.

A copy of the notice is attached.

American Express Company (www.americanexpress.com), founded in 1850, is a global travel, financial and network services provider.

Contacts:
Robert Glick
212.640.1041
Robert.A.Glick@aexp.com

Mike O'Neill
212.640.5951
Mike.O'Neill@aexp.com