American Express Issues Notice Regarding Remarketed Floating Rate Notes Due 2033

* Reuters is not responsible for the content in this press release.

Fri Jun 6, 2008 8:05am EDT 

NEW YORK--(Business Wire)--
American Express Company (NYSE: AXP) announced today that it
completed the remarketing of $1,994,978,000 of its Remarketed Floating
Rate Notes due 2033.

   American Express purchased all the notes in the remarketing, all
of which will be cancelled effective June 10, 2008.

   The cash interest rate on the notes will be three-month LIBOR plus
1.55% commencing June 5, 2008. The next remarketing reset date for the
notes will be June 10, 2009.

   American Express Company is a leading global payments and travel
company, founded in 1850. For more information, visit
http://www.americanexpress.com.

Media:
Joanna Lambert, 212-640-9668
joanna.g.lambert@aexp.com
or
Michael O'Neill, 212-640-5951
mike.o'neill@aexp.com
or
Investors/Analysts:
Alex Hopwood, 212-640-5495
alex.w.hopwood@aexp.com
or
Ron Stovall, 212-640-5574
ronald.stovall@aexp.com

Copyright Business Wire 2008
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