RNS No 5966w
AMERICAN EXPRESS COMPANY
28th September 1998

             AMERICAN EXPRESS BOARD AUTHORIZES ADDITIONAL
                REPURCHASE OF UP TO 40 MILLION SHARES
                DECLARES REGULAR QUARTERLY DIVIDEND

NEW YORK - Sept. 28, 1998-The Board of Directors of American Express Company
today approved the repurchase of up to 40 million additional common shares over
the next two to three years, from time to time as market conditions allow.
This represents approximately nine percent of the 456.8 million common shares
outstanding at June 30, 1998.

This authorization is a continuation of the Company's ongoing share repurchase
program, which began in Sept. 1994.  Prior to today's announcement, the Board
had authorized repurchases totaling 100 million shares in three separate
tranches. As of June 30, 1998, the Company had repurchased a total of 89.5
million shares under the program.

The Company's share repurchase program is designed both to offset share
issuances under employee compensation plans and to increase economic value for
shareholders.  The Company believes that utilizing excess capital to repurchase
shares in the open market represents an effective means of building shareholder
value.

Separately, the Board of Directors declared a regular quarterly dividend of
$0.225 per common share, payable Nov. 10, 1998, to shareholders of record on
Oct. 9, 1998.

American Express Company (www.americanexpress.com) is a diversified worldwide
travel, financial and network services company founded in 1850.  It is a leader
in charge and credit cards, Travelers Cheques, travel, financial planning,
investment products, insurance and international banking.

END

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