Washington, D.C. 20549

                                   FORM 8-K

                                CURRENT REPORT

                    Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): July 15, 2009

                           AMERICAN EXPRESS COMPANY
            (Exact name of registrant as specified in its charter)

         New York                      1-7657                    13-4922250
-----------------------------  ------------------------     -------------------
(State or other jurisdiction   (Commission File Number)     (IRS Employer
of incorporation                                             Identification No.)
or organization)

         200 Vesey Street, World Financial Center
         New York, New York                                         10285
         ---------------------------------------------------      ----------
         (Address of principal executive offices)                 (Zip Code)

      Registrant's telephone number, including area code: (212) 640-2000

         (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[   ] Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)

[   ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a- 12)

[   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))

[   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c))


American Express Company (the "Company") is hereby furnishing below owned and
managed basis delinquency and write-off statistics for the lending portfolio
of its U.S. Card Services ("USCS") operating segment for the months ended
April 30, May 31 and June 30 2009, and the three months ended June 30, 2009.
As previously stated in its reports filed with the Securities and Exchange
Commission (the "Commission"), the Company believes that its managed basis
presentation provides the Company's investors with a more comprehensive
portrayal of the key dynamics of the Company's U.S. cardmember lending
business over time.

The preliminary information reported below for the three months ended June 30,
2009, reflects net write-off rates that are better than the Company's
previously disclosed forecast for such period. Notwithstanding these results,
the Company recorded additional credit reserves during the quarter to further
strengthen its coverage ratios. Assuming delinquency and bankruptcy trends
continue to be below previously expected levels, the Company believes that it
is highly likely that its USCS lending net write-off rate for each of the
third and fourth quarters of 2009 will be better than previously forecasted.
If these circumstances occur, the Company would expect to utilize a
significant portion of the benefits from better-than-forecasted credit
performance on selective investments and other business initiatives during the
third and fourth quarters of the year.

                           AMERICAN EXPRESS COMPANY
                              U.S. CARD SERVICES


(Billions, except percentages)

                                                                                                                   Three Months
                                                             Apr. 30,           May 31,       June 30,            June 30,
                                                                 2009              2009           2009               2009
                                                              ---------         --------         --------          ----------
Cardmember lending - owned basis (A):
         Total Loans                                           $27.1             $27.1          $23.6              $23.6
         30 days past due loans as a % of total                  4.9%             4.7%            4.4%               4.4%
         Average loans                                         $27.7             $27.1          $25.3              $26.5
         Net write-off rate                                     10.4%             10.3%(C)        9.9%              10.3%(C)

Cardmember lending - managed basis (B):
         Total Loans                                           $55.4             $54.7          $54.0              $54.0
         30 days past due loans as a % of total                  4.9%              4.7%           4.4%               4.4%
         Average loans                                         $55.9             $55.0          $54.3              $55.1
         Net write-off rate                                     10.1%             10.0%(C)        9.9%              10.0%(C)

(A)  "Owned," a GAAP basis measurement, reflects only cardmember loans
     included in the Company's consolidated balance sheets.


(B)  The managed basis presentation assumes that there have been no
     off-balance sheet securitization transactions, i.e., all securitized
     cardmember loans and related income effects are reflected as if they were
     in the Company's balance sheets and income statements, respectively. The
     difference between the "owned basis" (GAAP) information and "managed
     basis" information is attributable to the effects of securitization
     activities. The Company presents U.S. Card Services information on a
     managed basis because that is the way the Company's management views and
     manages the business. Management believes that a full picture of trends
     in the Company's cardmember lending business can only be derived by
     evaluating the performance of both securitized and non-securitized
     cardmember loans and that use of a managed basis presentation presents a
     more comprehensive portrayal of the key dynamics of the cardmember
     lending business over time.

(C)  During May 2009 the Company sold to third parties certain cardmember
     loans that had been previously written-off. The net write-off rates
     reported above for May 2009 reflect the benefit of the sale proceeds
     being treated as a partial recovery of such previously written-off
     balances. The Company intends to continue this practice from time to
     time as part of its strategy to recover value from written-off loans.

The statistics presented above provide information that is additional to the
data reported by the American Express Credit Account Master Trust (the
"Lending Trust") in its monthly Form 10-D report filed with the Commission.
The loans that have been securitized through the off-balance sheet Lending
Trust do not possess identical characteristics with those of the total (I.E.,
managed) portfolio of USCS loans, which reflects the aggregate of securitized
and owned loans. Thus, the reported credit performance of the Lending Trust
may, on a month-to-month basis, be better or worse than the credit performance
of the managed portfolio. Reported differences may arise as a result of, among
other things, differences in the mix and vintage of loans between the Lending
Trust and the managed portfolio, the number of days in the reporting period
covered by the Form 10-D being filed by the Lending Trust and the use of
end-of-period principal loan balances to calculate write-off statistics in the
Lending Trust compared to the use of average loan balances over the reporting
period used in the managed statistics. In addition, the reporting period for
the managed portfolio is based on a calendar month, as compared to the
reporting period covered by the Form 10-D reports for the Lending Trust, which
is generally based on a monthly period typically beginning on the 25th day of
each calendar month.


Set forth below is certain information regarding the credit performance of the
Lending Trust for its three most recent monthly reporting periods, as reported
in its Form 10-D report filed with respect to each such period.

                 American Express Credit Account Master Trust

(Billions, except percentages)

                                    Mar. 27, 2009             Apr. 27, 2009             May 27, 2009
                                    through                   through                   through
                                    Apr. 26, 2009             May 26, 2009              June 25, 2009
                                    -------------             ------------              -------------
Ending total principal balance         $35.5                     $34.9                    $33.8
Defaulted amount,
   net of recoveries                  $  0.3                    $  0.3                   $  0.3
Annualized default rate,
   net of recoveries                     9.9%                     10.4%                    10.2%
Total 30+ days delinquent             $  1.8                    $  1.8                   $  1.5

Forward-Looking Statements

This report includes forward-looking statements, which are subject to risks
and uncertainties. Forward-looking statements contain words such as "believe,"
"expect," "anticipate," "optimistic," "intend," "plan," "aim," "will," "may,"
"should," "could," "would," "likely" and similar expressions. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date on which they are made. The Company undertakes
no obligation to update or revise any forward-looking statements. Factors that
could cause actual results to differ materially from these forward-looking
statements include, but are not limited to, the following: the Company's
ability to manage credit risk related to consumer and small business loans and
other credit trends, which will depend in part on the economic environment,
including, among other things, the housing market, the rates of bankruptcies
and unemployment, which can affect spending on card products and debt payments
by individuals and small business customers, and on the effectiveness of the
Company's credit models; the impact of the Company's efforts to deal with
delinquent cardmembers in the current challenging economic environment, which
may affect payment patterns of cardmembers, the actual level of cardmember
delinquencies in the future and the perception of the Company's services,
products and brands; and the Company's near-term write-off rates, including
those for the third and fourth quarters of 2009, which will depend in part on
changes in the level of the Company's loan balances, delinquency rates of
cardmembers and bankruptcy filings and unemployment rates. A further
description of these and other risks and uncertainties can be found in the
Company's Annual Report on Form 10-K for the year ended December 31, 2008, its
Quarterly Report on Form 10-Q for the three months ended March 31, 2009, and
its other reports filed with the SEC.



         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                            AMERICAN EXPRESS COMPANY

                                       By:  /S/  CAROL V. SCHWARTZ
                                       Name:  Carol V. Schwartz
                                       Title: Secretary

Date:  July 15, 2009