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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000004962-02-000021.txt : 20020507
<SEC-HEADER>0000004962-02-000021.hdr.sgml : 20020507
ACCESSION NUMBER:		0000004962-02-000021
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020423
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20020507

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:		1934 Act
		SEC FILE NUMBER:	001-07657
		FILM NUMBER:		02635481

	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
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>axpmay.txt
<DESCRIPTION>AXP
<TEXT>
=============================================================================


                      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): April 23, 2002
                          --------------------------



                           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.

In April 2002, the registrant and two subsidiaries, American Express Centurion
Bank and American Express Credit Corporation (Credco), renegotiated their
committed credit line facilities. Total available credit lines are $11.45
billion, including $1.5 billion allocated to the registrant and $9.35 billion
allocated to Credco. As of April 30, 2002, Credco's allocated committed bank
line coverage of its net short-term debt was 76%. Credco has the right to
borrow up to a maximum amount of $10.85 billion, with a commensurate reduction
in the amount available to the registrant. These facilities expire in
increments from 2003 through 2007.


                                   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/Jay B. Stevelman
                                        Name:  Jay B. Stevelman
                                        Title: Assistant Treasurer

DATE:  May 6, 2002

</TEXT>
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