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<SEC-DOCUMENT>0000004962-98-000011.txt : 19980212
<SEC-HEADER>0000004962-98-000011.hdr.sgml : 19980212
ACCESSION NUMBER:		0000004962-98-000011
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	19980210
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		19980211
SROS:			BSE
SROS:			CSX
SROS:			NYSE
SROS:			PCX

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN EXPRESS CO
		CENTRAL INDEX KEY:			0000004962
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				134922250
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		
		SEC FILE NUMBER:	001-07657
		FILM NUMBER:		98530338

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TWR, WORLD FINANCIAL CN
		STREET 2:		200 VESEY ST 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		BUSINESS PHONE:		2126402000

	MAIL ADDRESS:	
		STREET 1:		AMERICAN EXPRESS TOWER
		STREET 2:		200 VESEY ST 49TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<DESCRIPTION>AMERICAN EXPRESS 8-K RE SFAS NO. 128
<TEXT>


<PAGE>



===============================================================================



                       SECURITIES AND EXCHANGE COMMISSION
                             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): February 10, 1998
                           --------------------------



                            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)     (I.R.S. Employer
     of incorporation or                                   Identification No.)
        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)




===============================================================================







<PAGE>



Item 5. Other Events

     American Express Company adopted Statement of Financial Accounting
Standards(SFAS) No. 128, "Earnings per Share," effective for the quarter and
year-ended December 31, 1997. SFAS No. 128 requires the presentation of basic
and diluted earnings per common share (EPS) in the income statement. EPS amounts
for each quarter in 1997 and 1996 and for each of the six years 1992 through
1997 are filed herein on Exhibit 99.



Item 7. Financial Statements, Pro Forma Financial Information And Exhibits

        (c)   Exhibits

           99    EPS table for each quarter in 1997 and 1996 and for each
                 of the six years 1992 through 1997.












































<PAGE>



                                    SIGNATURE




     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
                                            (REGISTRANT)



                                            By /s/ Stephen P. Norman
                                               ---------------------
                                            Name:  Stephen P. Norman
                                            Title: Secretary









DATE:   February 10, 1998

























<PAGE>




                                  EXHIBIT INDEX


Item No.                           Description
- --------                           -----------

 99              EPS table for each quarter in 1997 and 1996 and for each
                 of the six years 1992 through 1997.



















































<PAGE>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<TEXT>


<PAGE>



                                                              Exhibit 99


     American Express Company adopted Statement of Financial Accounting
Standards (SFAS) No. 128, "Earnings per Share," effective for the quarter and
year-ended December 31, 1997. SFAS No. 128 requires the presentation of basic
and diluted earnings per common share (EPS) in the income statement. EPS amounts
for each quarter in 1997 and 1996 and for each of the six years 1992 through
1997 were as follows:


<TABLE>
<CAPTION>

                             1997                                      1996
                             ----                                      ----
                 1Q       2Q       3Q       4Q            1Q       2Q       3Q       4Q
                 --       --       --       --            --       --       --       --
<S>           <C>      <C>      <C>      <C>           <C>      <C>      <C>      <C>   
Basic EPS     $ 0.97   $ 1.12   $ 1.13   $ 1.07        $ 0.82   $ 0.95   $ 0.98   $ 1.27

Diluted EPS   $ 0.94   $ 1.08   $ 1.10   $ 1.04        $ 0.80   $ 0.92   $ 0.95   $ 1.23
</TABLE>


<TABLE>
<CAPTION>
                1997        1996         1995         1994         1993         1992
                ----        ----         ----         ----         ----         ----
<S>           <C>         <C>          <C>          <C>          <C>          <C>   
Basic EPS     $ 4.29      $ 4.02       $ 3.19       $ 2.74       $ 3.25       $ 0.94

Diluted EPS   $ 4.15      $ 3.89       $ 3.10       $ 2.69       $ 3.18       $ 0.94
</TABLE>

























<PAGE>
</TEXT>
</DOCUMENT>
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