<SEC-DOCUMENT>0001104659-22-020703.txt : 20220425
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<ACCEPTANCE-DATETIME>20220211173041
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ACCESSION NUMBER:		0001104659-22-020703
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20220211

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:		CORRESP

	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
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>American Express Company<BR>
200 Vesey Street<BR>
New York, New York 10285</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">February&nbsp;11, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">Re:</TD><TD><B>American Express Company Registration Statement on Form&nbsp;S-4 (File No.&nbsp;333-[&#9679;]), filed on February&nbsp;11, 2022</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On February&nbsp;11, 2022, American Express Company
(the &ldquo;<B>Issuer</B>&rdquo;) filed with the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;) a registration
statement (the &ldquo;<B>Registration Statement</B>&rdquo;) on Form&nbsp;S-4 under the Securities Act of 1933, as amended (the &ldquo;<B>Securities
Act</B>&rdquo;). The Registration Statement registers $1,660,622,000 in aggregate principal amount of the Issuer&rsquo;s new 3.300% Senior
Notes due May&nbsp;3, 2027 (the &ldquo;<B>Exchange Notes</B>&rdquo;) to be exchanged in an exchange offer (the &ldquo;<B>Exchange Offer</B>&rdquo;)
for a like principal amount of the Issuer&rsquo;s outstanding 3.300% Senior Notes due May&nbsp;3, 2027 (the &ldquo;<B>Original Notes</B>&rdquo;).
We are submitting this letter in order to inform you that the Issuer is registering the Exchange Offer in reliance on the position of
the staff of the Commission (the &ldquo;<B>Staff</B>&rdquo;) stated in the <U>Exxon Capital Holdings Corporation</U>, SEC No-Action Letter
(available May&nbsp;13, 1988) (the &ldquo;<B>Exxon Capital Letter</B>&rdquo;), <U>Morgan Stanley&nbsp;&amp; Co. Incorporated</U>, SEC
No-Action Letter (available June&nbsp;5, 1991) (the &ldquo;<B>Morgan Stanley Letter</B>&rdquo;) and <U>Shearman&nbsp;&amp; Sterling</U>,
SEC No-Action Letter (available July&nbsp;2, 1993) (the &ldquo;<B>Shearman&nbsp;&amp; Sterling Letter</B>&rdquo;). In connection with
the filing of the Registration Statement and in anticipation of the acceleration of the effectiveness thereof, the Issuer hereby represents
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Issuer has not entered into any arrangement
or understanding with any person to distribute the Exchange Notes to be received in the Exchange Offer and to the best of the Issuer&rsquo;s
information and belief, each person participating in the Exchange Offer is acquiring the Exchange Notes in its ordinary course of business
and has no arrangement or understanding with any person to participate in the distribution of the Exchange Notes to be received in the
Exchange Offer. In this regard, the Issuer will make each person participating in the Exchange Offer aware (through the Exchange Offer
prospectus or otherwise) that if the Exchange Offer is being registered for the purpose of secondary resales, any securityholder using
the Exchange Offer to participate in a distribution of the Exchange Notes to be acquired in the Exchange Offer (1)&nbsp;cannot rely on
the Staff&rsquo;s position in the Exxon Capital Letter, the Morgan Stanley Letter, the Shearman&nbsp;&amp; Sterling Letter or similar
letters and (2)&nbsp;must comply with registration and prospectus delivery requirements of the Securities Act in connection with a secondary
resale transaction. The Issuer acknowledges that such a secondary resale transaction should be covered by an effective registration statement
containing the selling securityholder information required by Item 507 of Regulation S-K under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Issuer will also include in the letter of transmittal
to be agreed to by each person participating in the Exchange Offer (the &ldquo;<B>Letter of Transmittal</B>&rdquo;) disclosure that, by
accepting the Exchange Offer, each holder (including any broker-dealer) of the Original Notes represents to the Issuer that (i)&nbsp;it
is not an affiliate of the Issuer, or if an affiliate of the Issuer, will comply with the registration and prospectus delivery requirements
of the Securities Act to the extent applicable in connection with the resale of the Exchange Notes, (ii)&nbsp;the Exchange Notes will
be acquired in the ordinary course of business, and (iii)&nbsp;it is not engaged in, and does not intend to engage in, a distribution
of the Exchange Notes to be received in the Exchange Offer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">With respect to any broker-dealer participating
in the Exchange Offer with respect to Original Notes acquired for its own account as a result of market-making activities or other trading
activities, each such broker-dealer must confirm that it has not entered into any arrangement or understanding with the Issuer or any
affiliate of the Issuer to distribute the Exchange Notes. In addition, the Issuer (i)&nbsp;will make each person participating in the
Exchange Offer aware (through the Exchange Offer prospectus or otherwise) that any broker-dealer who holds Original Notes acquired for
its own account as a result of market-making activities or other trading activities, and who receives Exchange Notes in exchange therefor
pursuant to the Exchange Offer, may be a statutory underwriter and must deliver a prospectus meeting the requirements of the Securities
Act in connection with any resale of such Exchange Notes and (ii)&nbsp;will include in the Letter of Transmittal the additional requirement
that if the exchange offeree is a broker-dealer holding Original Notes acquired for its own account as a result of market-making activities
or other trading activities, an acknowledgment that such broker-dealer will deliver a prospectus meeting the requirements of the Securities
Act in connection with any resale of Exchange Notes received in respect of such Original Notes pursuant to the Exchange Offer. The Letter
of Transmittal will also include a statement to the effect that by so acknowledging and by delivering a prospectus, a broker-dealer will
not be deemed to admit that it is an &ldquo;underwriter&rdquo; within the meaning of the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, Part&nbsp;III of the Issuer&rsquo;s
Annual Report on Form&nbsp;10-K for the year ended December&nbsp;31, 2021, incorporated by reference in the Registration Statement, incorporates
by reference portions of the Issuer&rsquo;s definitive proxy statement that the Issuer expects to file in March&nbsp;2022 in connection
with its Annual Meeting of Shareholders to be held May&nbsp;3, 2022. The Issuer hereby notifies you that it shall not seek acceleration
of the time of effectiveness of the Registration Statement pursuant to Rule&nbsp;461 promulgated under the Securities Act until such time
as such definitive proxy statement has been filed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">Very Truly yours,</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">AMERICAN EXPRESS COMPANY &nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ David Kanarek</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">Name:</TD>
    <TD STYLE="width: 45%">David Kanarek</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>Title:</TD>
    <TD>Managing Counsel</TD></TR>
  </TABLE>

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