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<SEC-DOCUMENT>0000930413-08-001372.txt : 20080229
<SEC-HEADER>0000930413-08-001372.hdr.sgml : 20080229
<ACCEPTANCE-DATETIME>20080229161351
ACCESSION NUMBER:		0000930413-08-001372
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080229
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080229
DATE AS OF CHANGE:		20080229

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:		08655926

	BUSINESS ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
		BUSINESS PHONE:		2126402000

	MAIL ADDRESS:	
		STREET 1:		200 VESEY STREET
		STREET 2:		50TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10285
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c52556_8k.htm
<TEXT>

<HTML>
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<P align="center">
<FONT size=2 face="serif">UNITED STATES </FONT><BR>
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT size=2 face="serif">WASHINGTON, DC 20549</FONT><BR>
<BR>
<FONT size=2 face="serif">FORM 8-K </FONT><BR>
<FONT size=2 face="serif">CURRENT REPORT</FONT><BR>
<FONT size=2 face="serif">PURSUANT TO SECTION 13 OR 15(D) OF THE</FONT><BR>
<FONT size=2 face="serif">SECURITIES EXCHANGE ACT OF 1934 </FONT></P>
<P align="center">
<FONT size=2 face="serif">Date of Report (Date of earliest event reported) February 29, 2008</FONT></P>
<P align="center">
<U><FONT size=2 face="serif">AMERICAN EXPRESS COMPANY</FONT></U><br>
<FONT size=2 face="serif"> (Exact Name of Registrant as Specified in Its Charter)</FONT></P>

<p align="center"><FONT size=2 face="serif"><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New York&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT><br>
<FONT size=2 face="serif">(State or Other Jurisdiction of Incorporation</FONT></p>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="48%" align="center" style="border-bottom:1px solid black;"><FONT size=2 face="serif">1-7657</FONT></td>
    <td>&nbsp;</td>
    <td width="48%" align="center" style="border-bottom:1px solid black;"><FONT size=2 face="serif">13-4922250</FONT></td>
  </tr>
  <tr>
    <td width="48%" align="center"><FONT size=2 face="serif">(Commission File
    Number)</FONT></td>
    <td>&nbsp;</td>
    <td width="48%" align="center"><FONT size=2 face="serif">(IRS Employer Identification
    No.)</FONT></td>
  </tr>
  <tr>
    <td width="48%" align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="48%" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="48%" align="center"><FONT size=2 face="serif">200 Vesey Street,
    World Financial Center</FONT></td>
    <td>&nbsp;</td>
    <td width="48%" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td width="48%" align="center" style="border-bottom:1px solid black;"><FONT size=2 face="serif">New York, New York</FONT></td>
    <td>&nbsp;</td>
    <td width="48%" align="center" style="border-bottom:1px solid black;"><FONT size=2 face="serif">10285</FONT></td>
  </tr>
  <tr>
    <td width="48%" align="center"><FONT size=2 face="serif">(Address of Principal
    Executive Offices)</FONT></td>
    <td>&nbsp;</td>
    <td width="48%" align="center"><FONT size=2 face="serif">(Zip Code)</FONT></td>
  </tr>
  <tr>
    <td width="48%" align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td width="48%" align="center">&nbsp;</td>
  </tr>
  <tr>
    <td colspan="3" align="center" style="border-bottom:1px solid black;"><FONT size=2 face="serif">(212) 640-2000</FONT></td>
  </tr>
  <tr>
    <td colspan="3" align="center"><FONT size=2 face="serif">(Registrant's Telephone Number, Including Area Code)</FONT></td>
  </tr>
</table>
<br>
<br>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td align="center"></td>
  </tr>
  <tr>
    <td align="center"  style="border-bottom:1px solid #000000">&nbsp;</td>
  </tr>
  <tr>
    <td align="center"><font size=2 face="serif">(Former Name or Former Address,
    if Changed Since Last Report)</font></td>
  </tr>
</table>
<P align="center">&nbsp;</P>
<P align="left">
<FONT size=2 face="serif">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):</FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR>
     <TD width=2%></TD>
     <TD width=1%></TD>
     <TD width=93%></TD></TR>
<TR valign="bottom">
	<TD width="2%" align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="2%" align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="2%" align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))</FONT></TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width="2%" align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp;&nbsp;]</FONT></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))</FONT></TD>
</TR>
</TABLE>
<BR>

<HR noshade align="center" width="100%" size=4>

<p style='page-break-before:always'></p><PAGE>


<P align="left">
<FONT size=2 face="serif">Item 2.01 Completion of Acquisition or Disposition of Assets </FONT></P>
<P align="left">
<FONT size=2 face="serif">On February 29, 2008, American Express Company issued a press release announcing that it had completed the sale of its international banking subsidiary, American Express Bank Ltd., to Standard Chartered PLC. A copy of such press release is attached as Exhibit 99.1 and is incorporated by reference.</FONT></P>
<P align="left"><FONT size=2 face="serif">Item 9.01 &nbsp;Financial Statements and Exhibits</FONT></P>
<P align="left"><FONT size=2 face="serif">(d) &nbsp;&nbsp;Exhibits</FONT></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD width="5%" align=left>&nbsp;</TD>
	<TD align=left>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD width="5%" align=left>
<FONT size=2 face="serif">99.1</FONT></TD>
	<TD align=left>
<FONT size=2 face="serif">Press release dated February 29, 2008</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width="5%" align=left>&nbsp;	</TD>
	<TD align=left>&nbsp;</TD>
</TR>
</TABLE><BR>

<P align="center">
<FONT size=2 face="serif">SIGNATURE</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">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.
</FONT></P>

<table width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td colspan="2"><FONT size=2 face="serif">AMERICAN EXPRESS COMPANY</FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td colspan="2"><FONT size=2 face="serif">(REGISTRANT)</FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="40%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td width="40%">&nbsp;</td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td width="3%"><FONT size=2 face="serif">By&nbsp;</FONT></td>
    <td width="40%" style="border-bottom:1px solid black;"><FONT size=2 face="serif">/s/ Stephen P. Norman</FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td><FONT size=2 face="serif">Name: Stephen P. Norman</FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
  <tr>
    <td>&nbsp;</td>
    <td width="1%">&nbsp;</td>
    <td width="3%">&nbsp;</td>
    <td><FONT size=2 face="serif">Title: Secretary</FONT></td>
    <td width="10%">&nbsp;</td>
  </tr>
</table>

<P align="left">
<FONT size=2 face="serif">Date: February 29, 2008</FONT></P>
<P align="center">
<FONT size=2 face="sans-serif">2</FONT></P>

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<p style='page-break-before:always'></p><PAGE>


<P align="center">
<FONT size=2 face="serif">EXHIBIT INDEX </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width="5%" align=left nowrap>
<U><FONT size=2 face="serif">Item No.</FONT></U></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<U><FONT size=2 face="serif">Description</FONT></U>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="5%" align=left nowrap>
<FONT size=2 face="serif">99.1</FONT></TD>
	<TD width="1%" >&nbsp;</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">Press Release dated February 29, 2008</FONT>
	</TD>
</TR>
</TABLE><BR>
<P align="center">
<FONT size=2 face="sans-serif">3</FONT></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c52556_ex99-1.htm
<TEXT>

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<P align="right">Exhibit 99.1</P>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font face="Arial" size=5>Release News Release News Release News Release News</font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font face="Arial" size=5>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pc;border-collapse:collapse'>
    <tr style=' page-break-inside:avoid'>
        <td width="68%" valign=top style='padding:0pc .45pc 0pc .45pc'>
      <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><img src="c52556_ex99-1x1x1.jpg" width="130" height="85"><br> <font face="Arial" size=2></font></p> </td>
  <td width="31%" valign=top style='padding:0pc .45pc 0pc .45pc'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font face="Arial" size=1>American Express Company</font><br> <font face="Arial" size=1>American Express Tower</font><br> <font face="Arial" size=1>World Financial Center</font><br> <font face="Arial" size=1>New York, N.Y. 10285-4805</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=1>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='margin-left:0pc;border-collapse:collapse'>
    <tr >
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><b><font size=2>Contacts:</font></b></u></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Joanna Lambert</font><u></u></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>Michael O&#146;Neill</font><u></u></p> </td> </tr>
    <tr >
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>212-640-9668</font></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>212-640-5951</font></p> </td> </tr>
    <tr >
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>joanna.g.lambert@aexp.com</font></u></p> </td>
        <td width="33%" nowrap valign=top style='padding:0pc 0pc 0pc 0pc; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>mike.o&#146;neill@aexp.com</font></u></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><U><B><font SIZE=2>FOR IMMEDIATE RELEASE</font></B></U></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><b><font size=2>AMERICAN EXPRESS COMPANY COMPLETES SALE OF </font></b></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>AMERICAN EXPRESS BANK LTD. TO STANDARD CHARTERED PLC. </font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font face="Arial" size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height: 150%;'><font size=2>NEW YORK, February 29, 2008 &#150; American Express Company today announced that it has completed the sale of its international banking subsidiary, American Express Bank Ltd. (AEB), to Standard Chartered PLC.  Standard Chartered will pay American Express a purchase price of approximately $823 million. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height: 150%;'><font size=2>This transaction will result in a gain on the sale which will be reflected in the first quarter income from discontinued operations.  Any ongoing exit costs associated with those parts of the bank not being sold will be reflected in income from continuing operations.  The combined impact of the sale and any related exit costs are not expected to result in a significant net expense during 2008.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height: 150%;'><font size=2>American Express and Standard Chartered have also entered into a put and call arrangement whereby American Express can sell and Standard Chartered can buy American Express International Deposit Company (AEIDC) 18 months from today.  AEIDC is a subsidiary which issues investment certificates to AEB&#146;s customers.  Under the terms of the agreement, American Express would receive payment representing the net asset value of AEIDC at the time of the exercise of the option. </font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>- more -</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>
<br>
<HR noshade align="center" width="100%" size="2">
<pAGE>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height: 150%;'><font size=2>American Express Bank Ltd. serves financial institutions and high-net-worth customers through its global correspondent banking and full-service private banking businesses operating in 47 countries.  The sale does not include any of the Company&#146;s card or travel businesses, nor its international financial services businesses that operate separately from AEB.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;line-height: 150%;'><font size=2>American Express Company is a leading global payments and travel company founded in 1850.  For more information, visit <u>www.americanexpress.com</u></font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height: 150%;'><font face="Arial" size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height: 150%;'><font face="Arial" size=2># # #</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;line-height: 150%;'><font face="Arial" size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>This release includes forward-looking statements, which are subject to risks and uncertainties.  The words "believe," &#147;expect,&#148; "anticipate," "optimistic," &#147;intend,&#148; "plan," "aim," "will,&#148; "may," "should," "could," "would," "likely" and similar expressions are intended to identify forward-looking statements. 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.  American Express 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: (i) the underlying assumptions and expectations related to the transaction proving to be inaccurate or unrealized, including, among other things, the transaction's impact on the earnings of American Express and the
total amount of expenses that will be incurred in exiting the portion of the AEB business not being told to Standard Chartered PLC; (ii) fluctuations in interest rates, which can impact the value of the investments of American Express; (iii) the accuracy of estimates made by management in connection with the transaction and (iv) accounting changes. </font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
