RNS No 5724c
AMERICAN EXPRESS CO
30th January 1998

PART 2

                                        CONTACT: Susan D. Miller
                                                 212-640-4953

                                                 Michael J. O'Neill
                                                 212-640-5951


(Preliminary)               American Express Bank
                            Statement of Income
                               (Unaudited)


(Dollars in millions)                   Quarter Ended

                    December 31  September 30  June 30  March 31  December 31
                      1997         1997          1997     1997      1996
Net Revenues:     
Interest Income     $  223       $  230        $  226   $  218    $  223 
Interest Expense       148          148           148      136       140
Net Interest Income     75           82            78       82        83
Commissions, Fees
and Other Revenues      54           57            54       52        57
Foreign Exchange
Income                  38           23            21       19        16
Total Net Revenues     167          162           153      153       156
Provision for 
Credit Losses           10            7             1        2        10

Expenses:           
Human Resources         64           60            58       58        56
Other Operating
Expenses                63           61            61       61        64
Total Expenses         127          121           119      119       120

Pretax Income           30           34            33       32        26
Income Tax 
Provision               11           13            12       12         9
Net Income           $  19           21         $  21     $ 20      $ 17


(Preliminary)                 American Express Bank
                          Selected Statistical Information
                                 (Unaudited)

(Dollars in millions, 
except where indicated)                 Quarter Ended
                    December 31  September 30  June 30  March 31  December 31
                       1997         1997         1997     1997      1996 

Investments 
(billions)          $  2.3       $  2.6        $  2.9   $  2.8    $  2.8
Total Loans
(billions)          $  6.2       $  6.5        $  6.4   $  6.1    $  5.9
Reserve for
Credit Losses       $  131       $  127        $  130   $  131    $  117
Total Non-
Performing Loans    $   47       $   60        $   80   $   46    $   35
Other Real
Estate Owned        $    4       $    5        $    4   $   35    $   36
Deposits (billions) $  8.5       $  9.0        $  9.0   $  9.1    $  8.7
Shareholder's
Equity              $  830       $  819        $  814   $  787    $  799
Return on 
Average Assets*       0.58%        0.65%         0.65%    0.69%     0.55%
Return on Average
Common Equity *       9.98%        11.16%        11.05%   11.14%    8.89%
Risk-Based 
Capital Ratios:      
Tier 1                8.8%          8.6%          8.4%     8.7%     8.8%
Total                12.3%         11.6%         11.3%    11.8%    12.5%
Leverage Ratio        5.3%          5.4%          5.5%     5.6%     5.6%

*  Excluding the effect of SFAS No.115
 

(Preliminary)
                                        
                    American Express Bank
                    Selected Statistical Information
                    (Unaudited)

(Dollars in millions, except where indicated)

                                  Quarter Ended                
                                  December 31,                 
                              1997                1996

Investments (billions)        $   2.3             $   2.8
Total Loans (billions)        $   6.2             $   5.9
Reserve for Credit Losses     $ 131               $ 117
Total Nonperforming Loans     $  47               $  35
Other Real Estate Owned       $   4               $  36
Deposits (billions)           $   8.5             $   8.7
Shareholder's Equity          $ 830               $ 799
Return on Average Assets*     0.58%               0.55%
Return on Average
Common Equity*                9.98%               8.89%
Risk-Based Captal Ratios:     
Tier 1                        8.8%                8.8%
Total                         12.3%               12.5%
Leverage Ratio                5.3%                5.6%


                                  Year Ended                
                                  December 31,                 
                              1997                1996

Investments (billions)        $   2.3             $   2.8
Total Loans (billions)        $   6.2             $   5.9
Reserve for Credit Losses     $ 131               $ 117
Total Nonperforming Loans     $  47               $  35
Other Real Estate Owned       $   4               $  36
Deposits (billions)           $   8.5             $   8.7
Shareholder's Equity          $ 830               $ 799
Return on Average Assets*     0.64%               0.57%
Return on Average
Common Equity*                10.83%               9.22%
Risk-Based Captal Ratios:     
Tier 1                        8.8%                8.8%
Total                         12.3%               12.5%
Leverage Ratio                 5.3%                5.6%

*Excluding the effect of SFAS 115.


END                  

QRRWBUAGGBGRGGU


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