EXHIBIT 99.1

All information in the following tables is presented on a basis prepared in accordance with U.S. generally accepted accounting principles (GAAP), unless otherwise indictated.

American Express Company

Consolidated Statements of Income

(unaudited)

(Millions)

	Year Ended December 31, 2005							Year Ended December 31, 2004
	Historical,							Historical,
	as reported		Reclassifications			Revised		as reported			Reclassifications			Revised
Revenues
Discount revenue	$	11,730	$	(241	)	$	11,489	$	10,249		$	(123	)	$	10,126
Cardmember lending net finance charge revenue	2,580					2,580		2,224						2,224
Net card fees	2,033					2,033		1,909						1,909
Travel commissions and fees	1,780					1,780		1,795						1,795
Other commissions and fees	2,456		(81		)	2,375		2,284			(84		)	2,200
Securitization income, net	1,260					1,260		1,132						1,132
Other investment and interest income, net	1,055					1,055		997						997
Other	1,373		123			1,496		1,374			140			1,514
Total	24,267		(199		)	24,068		21,964			(67		)	21,897
Expenses
Marketing, promotion, rewards and cardmember services	5,841					5,841		4,965						4,965
Human resources	4,829					4,829		4,538						4,538
Provision for losses and benefits:
Charge card	1,038					1,038		833						833
Cardmember lending	1,349					1,349		1,130						1,130
Investment certificates and other	386					386		301						301
Total	2,773					2,773		2,264						2,264
Professional services	2,308					2,308		2,141						2,141
Occupancy and equipment	1,428					1,428		1,353						1,353
Interest	920					920		814						814
Communications	457					457		474						474
Other	1,463		(199		)	1,264		1,584			(67		)	1,517
Total	20,019		$	(199	)	19,820		18,133			$	(67	)	18,066
Pretax income from continuing operations	4,248					4,248		3,831						3,831
Income tax provision	1,027					1,027		1,145						1,145
Income from continuing operations	3,221					3,221		2,686						2,686
Income from discontinued operations, net of tax	513					513		830						830
Cumulative effect of accounting change								(71		)(A)				(71		)
Net income	$	3,734				$	3,734	$	3,445					$	3,445

(A) Reflects a $109 million non-cash pretax charge ($71 million after-tax) associated with discontinued operations related to the January 1, 2004 adoption of SOP 03-1.

1

American Express Company

Consolidated Statements of Income

(unaudited)

(Millions)

	Quarter Ended March 31, 2005							Quarter Ended March 31, 2004
	Historical,							Historical,
	as reported		Reclassifications			Revised		as reported			Reclassifications			Revised
Revenues
Discount revenue	$	2,672	$	(33	)	$	2,639	$	2,368		$	(54	)	$	2,314
Cardmember lending net finance charge revenue	592					592		541						541
Net card fees	498					498		472						472
Travel commissions and fees	422					422		417						417
Other commissions and fees	577		(19		)	558		529			(12		)	517
Securitization income, net	316					316		230						230
Other investment and interest income, net	261					261		246						246
Other	334		20			354		315			30			345
Total	5,672		(32		)	5,640		5,118			(36		)	5,082
Expenses
Marketing, promotion, rewards and cardmember services	1,323					1,323		1,029						1,029
Human resources	1,187					1,187		1,102						1,102
Provision for losses and benefits:
Charge card	215					215		198						198
Cardmember lending	295					295		287						287
Investment certificates and other	79					79		51						51
Total	589					589		536						536
Professional services	487					487		466						466
Occupancy and equipment	336					336		319						319
Interest	201					201		191						191
Communications	117					117		124						124
Other	344		(32		)	312		462			(36		)	426
Total	4,584		$	(32	)	4,552		4,229			$	(36	)	4,193
Pretax income from continuing operations	1,088					1,088		889						889
Income tax provision	343					343		280						280
Income from continuing operations	745					745		609						609
Income from discontinued operations, net of tax	201					201		256						256
Cumulative effect of accounting change								(71		)(A)				(71		)
Net income	$	946				$	946	$	794					$	794

(A) Reflects a $109 million non-cash pretax charge ($71 million after-tax) associated with discontinued operations related to the January 1, 2004 adoption of SOP 03-1.

2

American Express Company

Consolidated Statements of Income

(unaudited)

(Millions)

	Quarter Ended June 30, 2005							Quarter Ended June 30, 2004
	Historical,							Historical,
	as reported		Reclassifications			Revised		as reported		Reclassifications			Revised
Revenues
Discount revenue	$	2,941	$	(81	)	$	2,860	$	2,529	$	(22	)	$	2,507
Cardmember lending net finance charge revenue	637					637		561					561
Net card fees	506					506		472					472
Travel commissions and fees	502					502		468					468
Other commissions and fees	611		(22		)	589		565		(22		)	543
Securitization income, net	296					296		282					282
Other investment and interest income, net	269					269		242					242
Other	328		33			361		348		37			385
Total	6,090		(70		)	6,020		5,467		(7		)	5,460
Expenses
Marketing, promotion, rewards and cardmember services	1,445					1,445		1,230					1,230
Human resources	1,268					1,268		1,106					1,106
Provision for losses and benefits:
Charge card	234					234		189					189
Cardmember lending	275					275		314					314
Investment certificates and other	123					123		62					62
Total	632					632		565					565
Professional services	544					544		494					494
Occupancy and equipment	356					356		327					327
Interest	232					232		200					200
Communications	113					113		116					116
Other	379		(70		)	309		421		(7		)	414
Total	4,969		$	(70	)	4,899		4,459		$	(7	)	4,452
Pretax income from continuing operations	1,121					1,121		1,008					1,008
Income tax provision	261					261		302					302
Income from continuing operations	860					860		706					706
Income from discontinued operations, net of tax	153					153		170					170
Net income	$	1,013				$	1,013	$	876				$	876

3

American Express Company

Consolidated Statements of Income

(unaudited)

(Millions)

	Quarter Ended September 30, 2005							Quarter Ended September 30, 2004
	Historical, as reported		Reclassifications			Revised		Historical, as reported		Reclassifications			Revised
Revenues
Discount revenue	$	2,945	$	(51	)	$	2,894	$	2,535	$	(27	)	$	2,508
Cardmember lending net finance charge revenue	648					648		562					562
Net card fees	511					511		474					474
Travel commissions and fees	421					421		426					426
Other commissions and fees	628		(30		)	598		574		(20		)	554
Securitization income, net	353					353		295					295
Other investment and interest income, net	246					246		248					248
Other	316		41			357		362		39			401
Total	6,068		(40		)	6,028		5,476		(8		)	5,468
Expenses
Marketing, promotion, rewards and cardmember services	1,492					1,492		1,286					1,286
Human resources	1,197					1,197		1,098					1,098
Provision for losses and benefits:
Charge card	299					299		206					206
Cardmember lending	364					364		233					233
Investment certificates and other	76					76		117					117
Total	739					739		556					556
Professional services	563					563		534					534
Occupancy and equipment	346					346		328					328
Interest	238					238		201					201
Communications	112					112		114					114
Other	301		(40		)	261		345		(8		)	337
Total	4,988		$	(40	)	4,948		4,462		$	(8	)	4,454
Pretax income from continuing operations	1,080					1,080		1,014					1,014
Income tax provision	215					215		312					312
Income from continuing operations	865					865		702					702
Income from discontinued operations, net of tax	165					165		177					177
Net income	$	1,030				$	1,030	$	879				$	879

4

American Express Company

Consolidated Statements of Income

(unaudited)

(Millions)

	Quarter Ended December 31, 2005									Quarter Ended December 31, 2004
	Historical, as reported			Reclassifications			Revised			Historical, as reported		Reclassifications			Revised
Revenues
Discount revenue	$	3,172		$	(76	)	$	3,096		$	2,817	$	(20	)	$	2,797
Cardmember lending net finance charge revenue	703						703			560					560
Net card fees	518						518			491					491
Travel commissions and fees	435						435			484					484
Other commissions and fees	640			(10		)	630			616		(30		)	586
Securitization income, net	295						295			325					325
Other investment and interest income, net	279						279			261					261
Other	395			29			424			349		34			383
Total	6,437			(57		)	6,380			5,903		(16		)	5,887
Expenses
Marketing, promotion, rewards and cardmember services	1,581						1,581			1,420					1,420
Human resources	1,177						1,177			1,232					1,232
Provision for losses and benefits:
Charge card	290						290			240					240
Cardmember lending	415						415			296					296
Investment certificates and other	108						108			71					71
Total	813						813			607					607
Professional services	714						714			647					647
Occupancy and equipment	390						390			379					379
Interest	249						249			222					222
Communications	115						115			120					120
Other	439			(57		)	382			356		(16		)	340
Total	5,478			$	(57	)	5,421			4,983		$	(16	)	4,967
Pretax income from continuing operations	959						959			920					920
Income tax provision	208						208			251					251
Income from continuing operations	751						751			669					669
Income/(Loss) from discontinued operations, net of tax	(6		)				(6		)	227					227
Net income	$	745					$	745		$	896				$	896

5

American Express Company

Financial Summary

(unaudited)

(Millions)

	Year Ended December 31, 2005									Year Ended December 31, 2004
	Historical,									Historical,
	as reported			Reclassifications			Revised			as reported			Reclassifications			Revised
Revenues
U.S. Card Services	$	11,949		$	29		$	11,978		$	10,395		$	47		$	10,442
International Card & Global Commercial Services	9,038			(133		)	8,905			8,429			(6		)	8,423
Global Network & Merchant Services	2,842			(95		)	2,747			2,639			(108		)	2,531
	23,829			(199		)	23,630			21,463			(67		)	21,396
Corporate & Other, including adjustments and eliminations	438						438			501						501
CONSOLIDATED REVENUES	$	24,267		$	(199	)	$	24,068		$	21,964		$	(67	)	$	21,897
Pretax Income (Loss) From Continuing Operations
U.S. Card Services	$	2,599		$	(28	)	$	2,571		$	2,140		$	20		$	2,160
International Card & Global Commercial Services	1,149			(56		)	1,093			1,116			(43		)	1,073
Global Network & Merchant Services	870			12			882			904			7			911
	4,618			(72		)	4,546			4,160			(16		)	4,144
Corporate & Other	(370		)	$	72		(298		)	(329		)	$	16		(313		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	4,248					$	4,248		$	3,831					$	3,831
Net Income (Loss)
U.S. Card Services	$	1,834		$	(18	)	$	1,816		$	1,518		$	13		$	1,531
International Card & Global Commercial Services	934			(35		)	899			781			(27		)	754
Global Network & Merchant Services	564			9			573			574			5			579
	3,332			(44		)	3,288			2,873			(9		)	2,864
Corporate & Other	(111		)	$	44		(67		)	(187		)	$	9		(178		)
Income from continuing operations	3,221						3,221			2,686						2,686
Income from discontinued operations, net of tax	513						513			830						830
Cumulative effect of accounting change										(71		)(A)				(71		)
NET INCOME	$	3,734					$	3,734		$	3,445					$	3,445

(A) Reflects a $109 million non-cash pretax charge ($71 million after-tax) associated with discontinued operations related to the January 1, 2004 adoption of SOP 03-1.

6

American Express Company

Financial Summary

(unaudited)

(Millions)

	Quarter Ended March 31, 2005									Quarter Ended March 31, 2004
	Historical,									Historical,
	as reported			Reclassifications			Revised			as reported			Reclassifications			Revised
Revenues
U.S. Card Services	$	2,769		$	8		$	2,777		$	2,356		$	—		$	2,356
International Card & Global Commercial Services	2,161			(15		)	2,146			2,008			(11		)	1,997
Global Network & Merchant Services	663			(25		)	638			628			(25		)	603
	5,593			(32		)	5,561			4,992			(36		)	4,956
Corporate & Other, including adjustments and eliminations	79						79			126						126
CONSOLIDATED REVENUES	$	5,672		$	(32	)	$	5,640		$	5,118		$	(36	)	$	5,082
Pretax Income (Loss) From Continuing Operations
U.S. Card Services	$	718		$	(15	)	$	703		$	533		$	11		$	544
International Card & Global Commercial Services	258			(16		)	242			265			(2		)	263
Global Network & Merchant Services	170			1			171			200			3			203
	1,146			(30		)	1,116			998			12			1,010
Corporate & Other	(58		)	$	30		(28		)	(109		)	$	(12	)	(121		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	1,088					$	1,088		$	889					$	889
Net Income (Loss)
U.S. Card Services	$	492		$	(10	)	$	482		$	378		$	7		$	385
International Card & Global Commercial Services	202			(10		)	192			175			(1		)	174
Global Network & Merchant Services	110			1			111			127			2			129
	804			(19		)	785			680			8			688
Corporate & Other	(59		)	$	19		(40		)	(71		)	$	(8	)	(79		)
Income from continuing operations	745						745			609						609
Income from discontinued operations, net of tax	201						201			256						256
Cumulative effect of accounting change										(71		)(A)				(71		)
NET INCOME	$	946					$	946		$	794					$	794

(A) Reflects a $109 million non-cash pretax charge ($71 million after-tax) associated with discontinued operations related to the January 1, 2004 adoption of SOP 03-1.

7

American Express Company

Financial Summary

(unaudited)

(Millions)

	Quarter Ended June 30, 2005									Quarter Ended June 30, 2004
	Historical,									Historical,
	as reported			Reclassifications			Revised			as reported			Reclassifications			Revised
Revenues
U.S. Card Services	$	2,968		$	8		$	2,976		$	2,610		$	15		$	2,625
International Card & Global Commercial Services	2,299			(51		)	2,248			2,097			5			2,102
Global Network & Merchant Services	718			(27		)	691			649			(27		)	622
	5,985			(70		)	5,915			5,356			(7		)	5,349
Corporate & Other, including adjustments and eliminations	105						105			111						111
CONSOLIDATED REVENUES	$	6,090		$	(70	)	$	6,020		$	5,467		$	(7	)	$	5,460
Pretax Income (Loss) From Continuing Operations
U.S. Card Services	$	710		$	(13	)	$	697		$	606		$	(6	)	$	600
International Card & Global Commercial Services	263			(19		)	244			301			(13		)	288
Global Network & Merchant Services	244			1			245			221			(2		)	219
	1,217			(31		)	1,186			1,128			(21		)	1,107
Corporate & Other	(96		)	$	31		(65		)	(120		)	$	21		(99		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	1,121					$	1,121		$	1,008					$	1,008
Net Income (Loss)
U.S. Card Services	$	485		$	(8	)	$	477		$	421		$	(4	)	$	417
International Card & Global Commercial Services	237			(12		)	225			198			(8		)	190
Global Network & Merchant Services	154			1			155			140			(1		)	139
	876			(19		)	857			759			(13		)	746
Corporate & Other	(16		)	$	19		3			(53		)	$	13		(40		)
Income from continuing operations	860						860			706						706
Income from discontinued operations, net of tax	153						153			170						170
NET INCOME	$	1,013					$	1,013		$	876					$	876

8

American Express Company

Financial Summary

(unaudited)

(Millions)

	Quarter Ended September 30, 2005									Quarter Ended September 30, 2004
	Historical,									Historical,
	as reported			Reclassifications			Revised			as reported			Reclassifications			Revised
Revenues
U.S. Card Services	$	3,035		$	9		$	3,044		$	2,618		$	16		$	2,634
International Card & Global Commercial Services	2,238			(26		)	2,212			2,059			3			2,062
Global Network & Merchant Services	716			(23		)	693			659			(27		)	632
	5,989			(40		)	5,949			5,336			(8		)	5,328
Corporate & Other, including adjustments and eliminations	79						79			140						140
CONSOLIDATED REVENUES	$	6,068		$	(40	)	$	6,028		$	5,476		$	(8	)	$	5,468
Pretax Income (Loss) From Continuing Operations
U.S. Card Services	$	638		$	(5	)	$	633		$	502		$	1		$	503
International Card & Global Commercial Services	325			(8		)	317			314			(14		)	300
Global Network & Merchant Services	214						214			272			(1		)	271
	1,177			(13		)	1,164			1,088			(14		)	1,074
Corporate & Other	(97		)	$	13		(84		)	(74		)	$	14		(60		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	1,080					$	1,080		$	1,014					$	1,014
Net Income (Loss)
U.S. Card Services	$	446		$	(3	)	$	443		$	356		$	1		$	357
International Card & Global Commercial Services	254			(5		)	249			224			(9		)	215
Global Network & Merchant Services	141						141			173			(1		)	172
	841			(8		)	833			753			(9		)	744
Corporate & Other	24			$	8		32			(51		)	$	9		(42		)
Income from continuing operations	865						865			702						702
Income from discontinued operations, net of tax	165						165			177						177
NET INCOME	$	1,030					$	1,030		$	879					$	879

9

American Express Company

Financial Summary

(unaudited)

(Millions)

	Quarter Ended December 31, 2005									Quarter Ended December 31, 2004
	Historical,									Historical,
	as reported			Reclassifications			Revised			as reported			Reclassifications			Revised
Revenues
U.S. Card Services	$	3,177		$	4		$	3,181		$	2,811		$	16		$	2,827
International Card & Global Commercial Services	2,340			(41		)	2,299			2,265			(3		)	2,262
Global Network & Merchant Services	745			(20		)	725			703			(29		)	674
	6,262			(57		)	6,205			5,779			(16		)	5,763
Corporate & Other, including adjustments and eliminations	175						175			124						124
CONSOLIDATED REVENUES	$	6,437		$	(57	)	$	6,380		$	5,903		$	(16	)	$	5,887
Pretax Income (Loss) From Continuing Operations
U.S. Card Services	$	533		$	5		$	538		$	499		$	14		$	513
International Card & Global Commercial Services	303			(13		)	290			236			(14		)	222
Global Network & Merchant Services	242			10			252			211			7			218
	1,078			2			1,080			946			7			953
Corporate & Other	(119		)	$	(2	)	(121		)	(26		)	$	(7	)	(33		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	959					$	959		$	920					$	920
Net Income (Loss)
U.S. Card Services	$	411		$	3		$	414		$	363		$	9		$	372
International Card & Global Commercial Services	241			(8		)	233			184			(9		)	175
Global Network & Merchant Services	159			7			166			134			5			139
	811			2			813			681			5			686
Corporate & Other	(60		)	$	(2	)	(62		)	(12		)	$	(5	)	(17		)
Income from continuing operations	751						751			669						669
Income/(Loss) from discontinued operations, net of tax	(6		)				(6		)	227						227
NET INCOME	$	745					$	745		$	896					$	896

10

American Express Company
Selected Statistical Information
(unaudited)

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Historical, as reported:
Average discount rate (A)	2.54%	2.57%	2.58%	2.60%	2.58%

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Revised:
Average discount rate (A)	2.55%	2.58%	2.59%	2.61%	2.59%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Historical, as reported:
Average discount rate (A)	2.60%	2.60%	2.62%	2.57%	2.60%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Revised:
Average discount rate (A)	2.62%	2.62%	2.62%	2.58%	2.61%

(A) Computed as follows: Discount Revenue from all card spending (proprietary and Global Network Services) at merchants divided by all billed business (proprietary and Global Network Services) generating discount revenue at such merchants. Only merchants acquired by the Company are included in the computation.

11

U.S. Card Services

Selected Financial Information

(unaudited)

Years Ended December 31

(Millions)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	8,897	$	7,893	$	9,333	$	8,331
Cardmember lending:
Finance charge revenue	2,408		1,776		5,100		3,998
Interest expense	616		406		1,355		790
Net finance charge revenue	1,792		1,370		3,745		3,208
Securitization income, net	1,260		1,132
Total revenues	11,949		10,395		13,078		11,539
Expenses:
Marketing, promotion, rewards and cardmember services	3,911		3,325		3,898		3,309
Provision for losses	1,676		1,508		2,600		2,450
Human resources and other operating expenses	3,763		3,422		3,755		3,412
Total expenses	9,350		8,255		10,253		9,171
Pretax segment income	2,599		2,140		2,825		2,368
Income tax provision	765		622		$	991	$	850
Segment income	$	1,834	$	1,518

	GAAP Basis					Managed Basis
	2005			2004		2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	29		$	47	$	29		$	47
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Securitization income, net
Total revenues	29			47		29			47
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses
Human resources and other operating expenses	57			27		57			27
Total expenses	57			27		57			27
Pretax segment income	(28		)	20		(28		)	20
Income tax provision	(10		)	7		(10		)	7
Segment income	$	(18	)	$	13

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	8,926	$	7,940	$	9,362	$	8,378
Cardmember lending:
Finance charge revenue	2,408		1,776		5,100		3,998
Interest expense	616		406		1,355		790
Net finance charge revenue	1,792		1,370		3,745		3,208
Securitization income, net	1,260		1,132
Total revenues	11,978		10,442		13,107		11,586
Expenses:
Marketing, promotion, rewards and cardmember services	3,911		3,325		3,898		3,309
Provision for losses	1,676		1,508		2,600		2,450
Human resources and other operating expenses	3,820		3,449		3,812		3,439
Total expenses	9,407		8,282		10,310		9,198
Pretax segment income	2,571		2,160		2,797		2,388
Income tax provision	755		629		$	981	$	857
Segment income	$	1,816	$	1,531

12

U.S. Card Services

Selected Financial Information

(unaudited)

Quarters Ended March 31

(Millions)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	2,051	$	1,824	$	2,161	$	1,934
Cardmember lending:
Finance charge revenue	522		412		1,131		951
Interest expense	120		110		260		193
Net finance charge revenue	402		302		871		758
Securitization income, net	316		230
Total revenues	2,769		2,356		3,032		2,692
Expenses:
Marketing, promotion, rewards and cardmember services	837		666		833		662
Provision for losses	342		332		554		619
Human resources and other operating expenses	872		825		870		821
Total expenses	2,051		1,823		2,257		2,102
Pretax segment income	718		533		775		590
Income tax provision	226		155		$	283	$	212
Segment income	$	492	$	378

	GAAP Basis						Managed Basis
	2005			2004			2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	8					$	8
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Securitization income, net
Total revenues	8						8
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses
Human resources and other operating expenses	23			$	(11	)	23			$	(11	)
Total expenses	23			(11		)	23			(11		)
Pretax segment income	(15		)	11			(15		)	11
Income tax provision	(5		)	4			$	(5	)	$	4
Segment income	$	(10	)	$	7

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	2,059	$	1,824	$	2,169	$	1,934
Cardmember lending:
Finance charge revenue	522		412		1,131		951
Interest expense	120		110		260		193
Net finance charge revenue	402		302		871		758
Securitization income, net	316		230
Total revenues	2,777		2,356		3,040		2,692
Expenses:
Marketing, promotion, rewards and cardmember services	837		666		833		662
Provision for losses	342		332		554		619
Human resources and other operating expenses	895		814		893		810
Total expenses	2,074		1,812		2,280		2,091
Pretax segment income	703		544		760		601
Income tax provision	221		159		$	278	$	216
Segment income	$	482	$	385

13

U.S. Card Services

Selected Financial Information

(unaudited)

Quarters Ended June 30

(Millions)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	2,225	$	1,960	$	2,333	$	2,067
Cardmember lending:
Finance charge revenue	587		464		1,205		953
Interest expense	140		96		304		157
Net finance charge revenue	447		368		901		796
Securitization income, net	296		282
Total revenues	2,968		2,610		3,234		2,863
Expenses:
Marketing, promotion, rewards and cardmember services	974		829		973		823
Provision for losses	367		352		577		557
Human resources and other operating expenses	917		823		917		820
Total expenses	2,258		2,004		2,467		2,200
Pretax segment income	710		606		767		663
Income tax provision	225		185		$	282	$	242
Segment income	$	485	$	421

	GAAP Basis						Managed Basis
	2005			2004			2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	8		$	15		$	8		$	15
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Securitization income, net
Total revenues	8			15			8			15
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses
Human resources and other operating expenses	21			21			21			21
Total expenses	21			21			21			21
Pretax segment income	(13		)	(6		)	(13		)	(6		)
Income tax provision	(5		)	(2		)	$	(5	)	$	(2	)
Segment income	$	(8	)	$	(4	)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	2,233	$	1,975	$	2,341	$	2,082
Cardmember lending:
Finance charge revenue	587		464		1,205		953
Interest expense	140		96		304		157
Net finance charge revenue	447		368		901		796
Securitization income, net	296		282
Total revenues	2,976		2,625		3,242		2,878
Expenses:
Marketing, promotion, rewards and cardmember services	974		829		973		823
Provision for losses	367		352		577		557
Human resources and other operating expenses	938		844		938		841
Total expenses	2,279		2,025		2,488		2,221
Pretax segment income	697		600		754		657
Income tax provision	220		183		$	277	$	240
Segment income	$	477	$	417

14

U.S. Card Services

Selected Financial Information

(unaudited)

Quarters Ended September 30

(Millions)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	2,224	$	1,982	$	2,333	$	2,092
Cardmember lending:
Finance charge revenue	614		445		1,335		1,018
Interest expense	156		104		365		212
Net finance charge revenue	458		341		970		806
Securitization income, net	353		295
Total revenues	3,035		2,618		3,303		2,898
Expenses:
Marketing, promotion, rewards and cardmember services	1,003		854		1,001		848
Provision for losses	458		438		673		670
Human resources and other operating expenses	936		824		935		821
Total expenses	2,397		2,116		2,609		2,339
Pretax segment income	638		502		694		559
Income tax provision	192		146		$	248	$	203
Segment income	$	446	$	356

	GAAP Basis					Managed Basis
	2005			2004		2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	9		$	16	$	9		$	16
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Securitization income, net
Total revenues	9			16		9			16
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses
Human resources and other operating expenses	14			15		14			15
Total expenses	14			15		14			15
Pretax segment income	(5		)	1		(5		)	1
Income tax provision	(2		)			$	(2	)
Segment income	$	(3	)	$	1

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	2,233	$	1,998	$	2,342	$	2,108
Cardmember lending:
Finance charge revenue	614		445		1,335		1,018
Interest expense	156		104		365		212
Net finance charge revenue	458		341		970		806
Securitization income, net	353		295
Total revenues	3,044		2,634		3,312		2,914
Expenses:
Marketing, promotion, rewards and cardmember services	1,003		854		1,001		848
Provision for losses	458		438		673		670
Human resources and other operating expenses	950		839		949		836
Total expenses	2,411		2,131		2,623		2,354
Pretax segment income	633		503		689		560
Income tax provision	190		146		$	246	$	203
Segment income	$	443	$	357

15

U.S. Card Services

Selected Financial Information

(unaudited)

Quarters Ended December 31

(Millions)

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	2,397	$	2,127	$	2,506	$	2,238
Cardmember lending:
Finance charge revenue	685		455		1,429		1,076
Interest expense	200		96		426		228
Net finance charge revenue	485		359		1,003		848
Securitization income, net	295		325
Total revenues	3,177		2,811		3,509		3,086
Expenses:
Marketing, promotion, rewards and cardmember services	1,097		976		1,091		976
Provision for losses	509		386		796		604
Human resources and other operating expenses	1,038		950		1,033		950
Total expenses	2,644		2,312		2,920		2,530
Pretax segment income	533		499		589		556
Income tax provision	122		136		$	178	$	193
Segment income	$	411	$	363

	GAAP Basis					Managed Basis
	2005			2004		2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	4		$	16	$	4		$	16
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Securitization income, net
Total revenues	4			16		4			16
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses
Human resources and other operating expenses	(1		)	2		(1		)	2
Total expenses	(1		)	2		(1		)	2
Pretax segment income	5			14		5			14
Income tax provision	2			5		$	2		$	5
Segment income	$	3		$	9

	GAAP Basis				Managed Basis
	2005		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	2,401	$	2,143	$	2,510	$	2,254
Cardmember lending:
Finance charge revenue	685		455		1,429		1,076
Interest expense	200		96		426		228
Net finance charge revenue	485		359		1,003		848
Securitization income, net	295		325
Total revenues	3,181		2,827		3,513		3,102
Expenses:
Marketing, promotion, rewards and cardmember services	1,097		976		1,091		976
Provision for losses	509		386		796		604
Human resources and other operating expenses	1,037		952		1,032		952
Total expenses	2,643		2,314		2,919		2,532
Pretax segment income	538		513		594		570
Income tax provision	124		141		$	180	$	198
Segment income	$	414	$	372

16

U.S. Card Services

Selected Statistical Information

(unaudited)

	Quarters Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
	2005		2005		2005		2005		2004
Historical, as reported:
Return on segment capital (A)	39.3	%	40.0	%	39.4	%	39.5	%	38.2	%

	Quarters Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
	2005		2005		2005		2005		2004
Revised:
Return on segment capital (A)	38.9	%	39.7	%	39.2	%	39.4	%	38.5	%

	Quarters Ended						Years Ended
	September 30,		June 30,		March 31,		December 31,		December 31,
	2004		2004		2004		2005		2004
Historical, as reported:
Return on segment capital (A)	39.3	%	40.0	%	40.1	%	39.3	%	38.2	%

	Quarters Ended						Years Ended
	September 30,		June 30,		March 31,		December 31,		December 31,
	2004		2004		2004		2005		2004
Revised:
Return on segment capital (A)	39.3	%	40.1	%	40.2	%	38.9	%	38.5	%

(A) Computed on a trailing 12-month basis using segment income and equity capital allocated to segments based upon specific business operational needs, risk measures and regulatory capital requirements.

17

International Card & Global Commerical Services

Statements of Income

(unaudited)

(Millions)

	Quarters Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
	2005		2005		2005		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	2,156	$	2,067	$	2,134	$	1,997	$	2,103
Cardmember lending:
Finance charge revenue	278		259		251		247		240
Interest expense	94		88		86		83		78
Net finance charge revenue	184		171		165		164		162
Total revenues	2,340		2,238		2,299		2,161		2,265
Expenses:
Marketing, promotion, rewards and cardmember services	321		310		328		310		312
Provision for losses and benefits	286		270		239		228		199
Human resources and other operating expenses	1,430		1,333		1,469		1,365		1,518
Total expenses	2,037		1,913		2,036		1,903		2,029
Pretax segment income	303		325		263		258		236
Income tax provision	62		71		26		56		52
Segment income	$	241	$	254	$	237	$	202	$	184

	Quarters Ended
	December 31,			September 30,			June 30,			March 31,			December 31,
	2005			2005			2005			2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	(41	)	$	(26	)	$	(51	)	$	(15	)	$	(3	)
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Total revenues	(41		)	(26		)	(51		)	(15		)	(3		)
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses and benefits
Human resources and other operating expenses	(28		)	(18		)	(32		)	1			11
Total expenses	(28		)	(18		)	(32		)	1			11
Pretax segment income	(13		)	(8		)	(19		)	(16		)	(14		)
Income tax provision	(5		)	(3		)	(7		)	(6		)	(5		)
Segment income	$	(8	)	$	(5	)	$	(12	)	$	(10	)	$	(9	)

	Quarters Ended
	December 31,		September 30,		June 30,		March 31,		December 31,
	2005		2005		2005		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	2,115	$	2,041	$	2,083	$	1,982	$	2,100
Cardmember lending:
Finance charge revenue	278		259		251		247		240
Interest expense	94		88		86		83		78
Net finance charge revenue	184		171		165		164		162
Total revenues	2,299		2,212		2,248		2,146		2,262
Expenses:
Marketing, promotion, rewards and cardmember services	321		310		328		310		312
Provision for losses and benefits	286		270		239		228		199
Human resources and other operating expenses	1,402		1,315		1,437		1,366		1,529
Total expenses	2,009		1,895		2,004		1,904		2,040
Pretax segment income	290		317		244		242		222
Income tax provision	57		68		19		50		47
Segment income	$	233	$	249	$	225	$	192	$	175

18

International Card & Global Commerical Services

Statements of Income

(unaudited)

(Millions)

	Quarters Ended						Years Ended
	September 30,		June 30,		March 31,		December 31,		December 31,
	2004		2004		2004		2005		2004
Historical, as reported:
Revenues:
Discount revenue, net card fees and other	$	1,902	$	1,941	$	1,843	$	8,354	$	7,789
Cardmember lending:
Finance charge revenue	222		218		227		1,035		907
Interest expense	65		62		62		351		267
Net finance charge revenue	157		156		165		684		640
Total revenues	2,059		2,097		2,008		9,038		8,429
Expenses:
Marketing, promotion, rewards and cardmember services	285		286		247		1,269		1,130
Provision for losses and benefits	174		187		180		1,023		740
Human resources and other operating expenses	1,286		1,323		1,316		5,597		5,443
Total expenses	1,745		1,796		1,743		7,889		7,313
Pretax segment income	314		301		265		1,149		1,116
Income tax provision	90		103		90		215		335
Segment income	$	224	$	198	$	175	$	934	$	781

	Quarters Ended									Years Ended
	September 30,			June 30,			March 31,			December 31,			December 31,
	2004			2004			2004			2005			2004
Reclassifications:
Revenues:
Discount revenue, net card fees and other	$	3		$	5		$	(11	)	$	(133	)	$	(6	)
Cardmember lending:
Finance charge revenue
Interest expense
Net finance charge revenue
Total revenues	3			5			(11		)	(133		)	(6		)
Expenses:
Marketing, promotion, rewards and cardmember services
Provision for losses and benefits
Human resources and other operating expenses	17			18			(9		)	(77		)	37
Total expenses	17			18			(9		)	(77		)	37
Pretax segment income	(14		)	(13		)	(2		)	(56		)	(43		)
Income tax provision	(5		)	(5		)	(1		)	(21		)	(16		)
Segment income	$	(9	)	$	(8	)	$	(1	)	$	(35	)	$	(27	)

	Quarters Ended						Years Ended
	September 30,		June 30,		March 31,		December 31,		December 31,
	2004		2004		2004		2005		2004
Revised:
Revenues:
Discount revenue, net card fees and other	$	1,905	$	1,946	$	1,832	$	8,221	$	7,783
Cardmember lending:
Finance charge revenue	222		218		227		1,035		907
Interest expense	65		62		62		351		267
Net finance charge revenue	157		156		165		684		640
Total revenues	2,062		2,102		1,997		8,905		8,423
Expenses:
Marketing, promotion, rewards and cardmember services	285		286		247		1,269		1,130
Provision for losses and benefits	174		187		180		1,023		740
Human resources and other operating expenses	1,303		1,341		1,307		5,520		5,480
Total expenses	1,762		1,814		1,734		7,812		7,350
Pretax segment income	300		288		263		1,093		1,073
Income tax provision	85		98		89		194		319
Segment income	$	215	$	190	$	174	$	899	$	754

19

International Card & Global Commercial Services

Selected Statistical Information

(unaudited)

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Historical, as reported:
Return on segment capital (A)	24.1%	23.3%	22.9%	22.3%	22.0%

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Revised:
Return on segment capital (A)	23.2%	22.3%	21.8%	21.3%	21.2%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Historical, as reported:
Return on segment capital (A)	23.1%	22.7%	22.3%	24.1%	22.0%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Revised:
Return on segment capital (A)	22.6%	22.4%	22.2%	23.2%	21.2%

(A) Computed on a trailing 12-month basis using segment income and equity capital allocated to segments based upon specific business operational needs, risk measures and regulatory capital requirements.

20

Global Network & Merchant Services

Statements of Income

(unaudited)

(Millions)

	Quarters Ended
	December 31, 2005		September 30, 2005		June 30, 2005		March 31, 2005		December 31, 2004
Historical, as reported:
Revenues:
Discount revenue, fees and other	$	745	$	716	$	718	$	663	$	703
Expenses:
Marketing and promotion	141		167		131		165		105
Provision for losses	13		19		17		17		14
Human resources and other operating expenses	349		316		326		311		373
Total expenses	503		502		474		493		492
Pretax segment income	242		214		244		170		211
Income tax provision	83		73		90		60		77
Segment income	$	159	$	141	$	154	$	110	$	134

	Quarters Ended
	December 31, 2005			September 30, 2005			June 30, 2005			March 31, 2005			December 31, 2004
Reclassifications:
Revenues:
Discount revenue, fees and other	$	(20	)	$	(23	)	$	(27	)	$	(25	)	$	(29	)
Expenses:
Marketing and promotion
Provision for losses
Human resources and other operating expenses	(30		)	(23		)	(28		)	(26		)	(36		)
Total expenses	(30		)	$	(23	)	(28		)	(26		)	(36		)
Pretax segment income	10						1			1			7
Income tax provision	3												2
Segment income	$	7					$	1		$	1		$	5

	Quarters Ended
	December 31, 2005		September 30, 2005		June 30, 2005		March 31, 2005		December 31, 2004
Revised:
Revenues:
Discount revenue, fees and other	$	725	$	693	$	691	$	638	$	674
Expenses:
Marketing and promotion	141		167		131		165		105
Provision for losses	13		19		17		17		14
Human resources and other operating expenses	319		293		298		285		337
Total expenses	473		479		446		467		456
Pretax segment income	252		214		245		171		218
Income tax provision	86		73		90		60		79
Segment income	$	166	$	141	$	155	$	111	$	139

21

Global Network & Merchant Services

Statements of Income

(unaudited)

(Millions)

	Quarters Ended							Years Ended
	September 30, 2004			June 30, 2004		March 31, 2004		December 31, 2005		December 31, 2004
Historical, as reported:
Revenues:
Discount revenue, fees and other	$	659		$	649	$	628	$	2,842	$	2,639
Expenses:
Marketing and promotion	108			91		85		604		389
(Benefit)/provision for losses	(43		)	13		14		66		(2		)
Human resources and other operating expenses	322			324		329		1,302		1,348
Total expenses	387			428		428		1,972		1,735
Pretax segment income	272			221		200		870		904
Income tax provision	99			81		73		306		330
Segment income	$	173		$	140	$	127	$	564	$	574

	Quarters Ended									Years Ended
	September 30, 2004			June 30, 2004			March 31, 2004			December 31, 2005			December 31, 2004
Reclassifications:
Revenues:
Discount revenue, fees and other	$	(27	)	$	(27	)	$	(25	)	$	(95	)	$	(108	)
Expenses:
Marketing and promotion
(Benefit)/provision for losses
Human resources and other operating expenses	(26		)	(25		)	(28		)	(107		)	(115		)
Total expenses	(26		)	(25		)	(28		)	(107		)	(115		)
Pretax segment income	(1		)	(2		)	3			12			7
Income tax provision				(1		)	1			3			2
Segment income	$	(1	)	$	(1	)	$	2		$	9		$	5

	Quarters Ended							Years Ended
	September 30, 2004			June 30, 2004		March 31, 2004		December 31, 2005		December 31, 2004
Revised:
Revenues:
Discount revenue, fees and other	$	632		$	622	$	603	$	2,747	$	2,531
Expenses:
Marketing and promotion	108			91		85		604		389
(Benefit)/provision for losses	(43		)	13		14		66		(2		)
Human resources and other operating expenses	296			299		301		1,195		1,233
Total expenses	361			403		400		1,865		1,620
Pretax segment income	271			219		203		882		911
Income tax provision	99			80		74		309		332
Segment income	$	172		$	139	$	129	$	573	$	579

22

Global Network & Merchant Services

Selected Statistical Information

(unaudited)

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Historical, as reported:
Return on segment capital (A)	48.4%	48.7%	53.5%	53.2%	55.8%

	Quarters Ended
	December 31, 2005	September 30, 2005	June 30, 2005	March 31, 2005	December 31, 2004
Revised:
Return on segment capital (A)	49.2%	49.4%	54.0%	53.6%	56.2%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Historical, as reported:
Return on segment capital (A)	56.4%	52.6%	51.8%	48.4%	55.8%

	Quarters Ended			Years Ended
	September 30, 2004	June 30, 2004	March 31, 2004	December 31, 2005	December 31, 2004
Revised:
Return on segment capital (A)	56.3%	52.6%	51.9%	49.2%	56.2%

(A) Computed on a trailing 12-month basis using segment income and equity capital allocated to segments based upon specific business operational needs, risk measures and regulatory capital requirements.

23