EXHIBIT 99.1

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[LOGO OF AMERICAN EXPRESS COMPANY]


                 AMERICAN EXPRESS NAMES DAN HENRY AS ACTING CFO

NEW YORK, February 25, 2007 -- American Express today announced that it has
named Dan Henry as Executive Vice President and acting Chief Financial Officer.
This change becomes effective immediately. As acting CFO, Mr. Henry succeeds
Gary Crittenden, who informed American Express on Friday of his decision to
leave the Company to become Chief Financial Officer of Citigroup.

     In this role, Mr. Henry will serve as a key advisor on strategic and
financial matters, and represent the Company to investors, lenders and rating
agencies.

     "We are fortunate to have a leader of Dan Henry's caliber to take on the
role of acting CFO," said Kenneth I. Chenault, chairman and chief executive.
"He brings an outstanding track record of accomplishments, management
experience and judgment to the task. For more than six years he has provided
Finance leadership to the Company's highly successful U.S. Card Services
business, our largest business segment, overseeing exceptional growth that
continues to be at the top of the industry. His proven ability to drive
business growth, identify improvement opportunities and build successful teams
will prove instrumental in helping the Company outpace the competition in the
years ahead."

     Mr. Henry joined American Express in 1990 as Comptroller. Most recently,
he served as Executive Vice President and Chief Financial Officer of U.S.
Consumer, Small Business and Merchant Services. Prior to joining American
Express, Mr. Henry worked very closely with the Company for several years in
his role as a Partner at Ernst & Young, American Express' independent
auditors.

     Mr. Henry graduated from Iona College and received his Masters of
Business Administration from Hofstra University.

     Beginning immediately, American Express will undertake a search, both
internally and externally, for the best candidate to take up the role of Chief
Financial Officer on a permanent basis.

     American Express Company (www.americanexpress.com) is a leading global
payments, network and travel company founded in 1850.


Contacts:
Robert Glick
212.640.1041
Robert.A.Glick@aexp.com