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 indicated. Segment disclosures have been revised to reflect the Company’s organizational changes that became effective July 1, 2007. In addition, amounts herein reflect certain modifications made to the Company’s reportable operating segment disclosures as noted in the Company’s Form 10-Q for the period ended March 31, 2007, filed with the U.S. Securities and Exchange Commission. Amounts have also been revised to reflect American Express Bank Ltd. (AEB) activities as discontinued operations and to remove AEB (except for certain components of AEB that are not being sold) from the Corporate & Other segment. Amounts herein also reflect the reclassification of amounts within the Consolidated Statements of Income from professional services and occupancy and equipment to human resources and other expenses. See pages 2-3 of the 2007 Third Quarter Earnings Supplement, filed with the SEC in a Form 8-K dated October 22, 2007, for a description of such adjustments.

American Express Company

Consolidated Statements of Income

(Millions)

	Quarters Ended
	June 30,		March 31,			December 31,		September 30,		June 30,
	2007		2007			2006		2006		2006
Revenues
Discount revenue	$	3,670	$	3,355		$	3,458	$	3,259	$	3,292
Net card fees	500		484			479		462		533
Travel commissions and fees	491		437			450		427		483
Other commissions and fees	587		536			573		539		560
Securitization income, net	332		457			347		384		372
Other	426		387			528		417		398
Total	6,006		5,656			5,835		5,488		5,638
Interest income
Cardmember lending finance revenue	1,514		1,368			1,326		1,213		1,100
Other	357		303			287		291		287
Total	1,871		1,671			1,613		1,504		1,387
Total revenues	7,877		7,327			7,448		6,992		7,025
Interest expense
Cardmember lending	431		385			351		318		277
Charge card and other	508		458			422		409		378
Total	939		843			773		727		655
Revenues net of interest expense	6,938		6,484			6,675		6,265		6,370
Expenses
Marketing, promotion, rewards and cardmember services	1,826		1,462			1,732		1,586		1,668
Human resources	1,334		1,301			1,361		1,227		1,248
Professional services	580		518			648		562		572
Occupancy and equipment	352		328			372		346		342
Communications	112		112			112		104		109
Other	348		293			365		342		287
Total	4,552		4,014			4,590		4,167		4,226
Provisions for losses and benefits
Charge card	233		209			277		257		192
Cardmember lending	638		574			484		412		406
Other (including investment certificates)	106		76			137		118		109
Total	977		859			898		787		707
Pretax income from continuing operations	1,409		1,611			1,187		1,311		1,437
Income tax provision	369		516			292		377		465
Income from continuing operations	1,040		1,095			895		934		972
Income (Loss) from discontinued operations, net of tax	17		(38		)	27		33		(27		)
Net income	$	1,057	$	1,057		$	922	$	967	$	945

1

American Express Company

Consolidated Statements of Income

(Millions)

	Quarters Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
	2006		2005		2005		2005		2005
Revenues
Discount revenue	$	2,969	$	3,096	$	2,894	$	2,860	$	2,639
Net card fees	520		518		511		506		498
Travel commissions and fees	418		435		421		502		422
Other commissions and fees	561		559		531		522		494
Securitization income, net	386		295		353		296		316
Other	346		392		305		314		306
Total	5,200		5,295		5,015		5,000		4,675
Interest income
Cardmember lending finance revenue	947		943		858		824		754
Other	282		272		232		268		268
Total	1,229		1,215		1,090		1,092		1,022
Total revenues	6,429		6,510		6,105		6,092		5,697
Interest expense
Cardmember lending	246		255		219		199		174
Charge card and other	339		301		286		286		259
Total	585		556		505		485		433
Revenues net of interest expense	5,844		5,954		5,600		5,607		5,264
Expenses
Marketing, promotion, rewards and cardmember services	1,518		1,577		1,488		1,440		1,318
Human resources	1,204		1,188		1,188		1,229		1,140
Professional services	487		611		474		472		429
Occupancy and equipment	324		353		318		333		314
Communications	109		110		108		108		113
Other	364		388		276		321		318
Total	4,006		4,227		3,852		3,903		3,632
Provisions for losses and benefits
Charge card	209		290		299		234		215
Cardmember lending	321		415		364		275		295
Other (including investment certificates)	104		102		74		121		74
Total	634		807		737		630		584
Pretax income from continuing operations	1,204		920		1,011		1,074		1,048
Income tax provision	394		193		193		276		329
Income from continuing operations	810		727		818		798		719
Income from discontinued operations, net of tax	63		18		212		215		227
Net income	$	873	$	745	$	1,030	$	1,013	$	946

2

American Express Company

Financial Summary

(Millions)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Revenues net of interest expense
U.S. Card Services	$	3,560		$	3,364		$	3,349		$	3,203		$	3,170
International Card Services	1,049			979			1,026			952			1,026
Global Commercial Services	1,083			994			982			949			1,032
Global Network & Merchant Services	966			877			916			841			839
	6,658			6,214			6,273			5,945			6,067
Corporate & Other, including adjustments and eliminations	280			270			402			320			303
CONSOLIDATED REVENUES NET OF INTEREST EXPENSE	$	6,938		$	6,484		$	6,675		$	6,265		$	6,370
Pretax income (loss) from continuing operations
U.S. Card Services	$	827		$	1,031		$	723		$	839		$	939
International Card Services	92			96			76			121			66
Global Commercial Services	218			195			167			157			242
Global Network & Merchant Services	418			374			297			314			315
	1,555			1,696			1,263			1,431			1,562
Corporate & Other	(146		)	(85		)	(76		)	(120		)	(125		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	1,409		$	1,611		$	1,187		$	1,311		$	1,437
Net income (loss)
U.S. Card Services	$	580		$	644		$	473		$	558		$	594
International Card Services	117			102			99			106			88
Global Commercial Services	162			129			117			105			151
Global Network & Merchant Services	266			236			201			212			200
	1,125			1,111			890			981			1,033
Corporate & Other	(85		)	(16		)	5			(47		)	(61		)
Income from continuing operations	1,040			1,095			895			934			972
Income (Loss) from discontinued operations, net of tax	17			(38		)	27			33			(27		)
NET INCOME	$	1,057		$	1,057		$	922		$	967		$	945

3

American Express Company

Financial Summary

(Millions)

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Revenues net of interest expense
U.S. Card Services	$	2,898		$	2,901		$	2,792		$	2,738		$	2,543
International Card Services	961			990			938			910			882
Global Commercial Services	937			938			894			977			910
Global Network & Merchant Services	748			768			728			727			669
	5,544			5,597			5,352			5,352			5,004
Corporate & Other, including adjustments and eliminations	300			357			248			255			260
CONSOLIDATED REVENUES NET OF INTEREST EXPENSE	$	5,844		$	5,954		$	5,600		$	5,607		$	5,264
Pretax income (loss) from continuing operations
U.S. Card Services	$	822		$	597		$	664		$	707		$	707
International Card Services	49			95			114			34			55
Global Commercial Services	150			165			140			158			131
Global Network & Merchant Services	262			252			214			245			171
	1,283			1,109			1,132			1,144			1,064
Corporate & Other	(79		)	(189		)	(121		)	(70		)	(16		)
PRETAX INCOME FROM CONTINUING OPERATIONS	$	1,204		$	920		$	1,011		$	1,074		$	1,048
Net income (loss)
U.S. Card Services	$	527		$	416		$	425		$	448		$	448
International Card Services	50			81			107			52			66
Global Commercial Services	104			133			99			107			90
Global Network & Merchant Services	166			166			141			155			111
	847			796			772			762			715
Corporate & Other	(37		)	(69		)	46			36			4
Income from continuing operations	810			727			818			798			719
Income from discontinued operations, net of tax	63			18			212			215			227
NET INCOME	$	873		$	745		$	1,030		$	1,013		$	946

4

American Express Company

Financial Summary (continued)

	Quarters Ended
	June 30,		March 31,			December 31,		September 30,		June 30,
	2007		2007			2006		2006		2006
EARNINGS PER COMMON SHARE
BASIC
Income from continuing operations	$	0.88	$	0.92		$	0.75	$	0.78	$	0.80
Income (Loss) from discontinued operations	0.02		(0.03		)	0.02		0.02		(0.02		)
Net income	$	0.90	$	0.89		$	0.77	$	0.80	$	0.78
Average common shares outstanding (millions)	1,179		1,187			1,196		1,202		1,217
DILUTED
Income from continuing operations	$	0.86	$	0.90		$	0.73	$	0.76	$	0.78
Income (Loss) from discontinued operations	0.02		(0.03		)	0.02		0.03		(0.02		)
Net income	$	0.88	$	0.87		$	0.75	$	0.79	$	0.76
Average common shares outstanding (millions)	1,203		1,210			1,224		1,227		1,242
Cash dividends declared per common share	$	0.15	$	0.15		$	0.15	$	0.15	$	0.15

Selected Statistical Information

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Return on average equity (A)	37.5		%	36.6		%	34.7		%	33.6		%	29.8		%
Common shares outstanding (millions)	1,182			1,188			1,199			1,204			1,216
Book value per common share	$	9.00		$	8.83		$	8.76		$	8.93		$	8.62
Shareholders’ equity (billions)	$	10.6		$	10.5		$	10.5		$	10.8		$	10.5

(A) Computed on a trailing 12-month basis using net income over average total shareholders’ equity (including discontinued operations) as included in the Consolidated Financial Statements prepared in accordance with GAAP.

5

American Express Company

Financial Summary (continued)

	Quarters Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
	2006		2005		2005		2005		2005
EARNINGS PER COMMON SHARE
BASIC
Income from continuing operations	$	0.66	$	0.59	$	0.67	$	0.65	$	0.58
Income from discontinued operations	0.05		0.01		0.17		0.17		0.18
Net income	$	0.71	$	0.60	$	0.84	$	0.82	$	0.76
Average common shares outstanding (millions)	1,232		1,232		1,229		1,231		1,239
DILUTED
Income from continuing operations	$	0.64	$	0.58	$	0.65	$	0.64	$	0.57
Income from discontinued operations	0.05		0.01		0.17		0.17		0.18
Net income	$	0.69	$	0.59	$	0.82	$	0.81	$	0.75
Average common shares outstanding (millions)	1,258		1,258		1,254		1,254		1,264
Cash dividends declared per common share	$	0.12	$	0.12	$	0.12	$	0.12	$	0.12

Selected Statistical Information

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Return on average equity (A)	27.3		%	25.4		%	24.2		%	23.1		%	22.8		%
Common shares outstanding (millions)	1,233			1,241			1,239			1,240			1,245
Book value per common share	$	8.60		$	8.50		$	7.99		$	13.84		$	12.95
Shareholders’ equity (billions)	$	10.6		$	10.5		$	9.9		$	17.2		$	16.1

(A) Computed on a trailing 12-month basis using net income over average total shareholders’ equity (including discontinued operations) as included in the Consolidated Financial Statements prepared in accordance with GAAP.

6

American Express Company

Consolidated Statements of Income

(Millions)

	Years Ended
	December 31,				Percentage
	2006		2005		Inc/(Dec)
Revenues
Discount revenue	$	12,978	$	11,489	13	%
Net card fees	1,994		2,033		(2	)
Travel commissions and fees	1,778		1,780		—
Other commissions and fees	2,233		2,106		6
Securitization income, net	1,489		1,260		18
Other	1,689		1,317		28
Total	22,161		19,985		11
Interest income
Cardmember lending finance revenue	4,586		3,379		36
Other	1,147		1,040		10
Total	5,733		4,419		30
Total revenues	27,894		24,404		14
Interest expense
Cardmember lending	1,192		847		41
Charge card and other	1,548		1,132		37
Total	2,740		1,979		38
Revenues net of interest expense	25,154		22,425		12
Expenses
Marketing, promotion, rewards and cardmember services	6,504		5,823		12
Human resources	5,040		4,745		6
Professional services	2,269		1,986		14
Occupancy and equipment	1,384		1,318		5
Communications	434		439		(1	)
Other	1,358		1,303		4
Total	16,989		15,614		9
Provisions for losses and benefits
Charge card	935		1,038		(10	)
Cardmember lending	1,623		1,349		20
Other (including investment certificates)	468		371		26
Total	3,026		2,758		10
Pretax income from continuing operations	5,139		4,053		27
Income tax provision	1,528		991		54
Income from continuing operations	3,611		3,062		18
Income from discontinued operations, net of tax	96		672		(86	)
Net income	$	3,707	$	3,734	(1	)

7

American Express Company

Financial Summary

(Millions)

	Years Ended December 31,						Percentage
	2006			2005			Inc/(Dec)
Revenues net of interest expense
U.S. Card Services	$	12,620		$	10,974		15	%
International Card Services	3,965			3,720			7
Global Commercial Services	3,900			3,719			5
Global Network & Merchant Services	3,344			2,892			16
	23,829			21,305			12
Corporate & Other, including adjustments and eliminations	1,325			1,120			18
CONSOLIDATED REVENUES NET OF INTEREST EXPENSE	$	25,154		$	22,425		12
Pretax income (loss) from continuing operations
U.S. Card Services	$	3,323		$	2,675		24
International Card Services	312			298			5
Global Commercial Services	716			594			21
Global Network & Merchant Services	1,188			882			35
	5,539			4,449			24
Corporate & Other	(400		)	(396		)	1
PRETAX INCOME FROM CONTINUING OPERATIONS	$	5,139		$	4,053		27
Net income
U.S. Card Services	$	2,152		$	1,737		24
International Card Services	343			306			12
Global Commercial Services	477			429			11
Global Network & Merchant Services	779			573			36
	3,751			3,045			23
Corporate & Other	(140		)	17			#
Income from continuing operations	3,611			3,062			18
Income from discontinued operations, net of tax	96			672			(86	)
NET INCOME	$	3,707		$	3,734		(1	)

# - Denotes a variance of more than 100%.

8

American Express Company

Financial Summary (continued)

	Years Ended December 31,				Percentage
	2006		2005		Inc/(Dec)
EARNINGS PER COMMON SHARE
BASIC
Income from continuing operations	$	2.98	$	2.48	20	%
Income from discontinued operations	0.08		0.55		(85	)
Net income	$	3.06	$	3.03	1	%
Average common shares outstanding (millions)	1,212		1,233		(2	)%
DILUTED
Income from continuing operations	$	2.92	$	2.43	20	%
Income from discontinued operations	0.07		0.54		(87	)
Net income	$	2.99	$	2.97	1	%
Average common shares outstanding (millions)	1,238		1,258		(2	)%
Cash dividends declared per common share	$	0.57	$	0.48	19	%

Selected Statistical Information

	Years Ended December 31,						Percentage
	2006			2005			Inc/(Dec)
Return on average equity (A)	34.7		%	25.4		%
Common shares outstanding (millions)	1,199			1,241			(3	)%
Book value per common share	$	8.76		$	8.50		3	%
Shareholders’ equity (billions)	$	10.5		$	10.5		—	%

(A) Computed on a trailing 12-month basis using net income over average total shareholders’ equity (including discontinued operations) as included in the Consolidated Financial Statements prepared in accordance with GAAP.

9

American Express Company

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Card billed business (A):
United States	$	115.7		$	105.4		$	109.7		$	101.7		$	102.5
Outside the United States	45.4			40.8			43.8			38.6			38.0
Total	$	161.1		$	146.2		$	153.5		$	140.3		$	140.5
Total cards-in-force (millions) (B):
United States	50.5			49.3			48.1			46.8			45.4
Outside the United States	31.7			30.6			29.9			29.7			29.0
Total	82.2			79.9			78.0			76.5			74.4
Basic cards-in-force (millions) (B):
United States	39.2			38.1			37.1			36.0			34.8
Outside the United States	27.0			26.0			25.4			25.2			24.1
Total	66.2			64.1			62.5			61.2			58.9
Average discount rate (C)	2.57		%	2.58		%	2.55		%	2.57		%	2.57		%
Average basic cardmember spending (dollars) (D)	$	3,049		$	2,817		$	2,985		$	2,782		$	2,821
Average fee per card (dollars) (D)	$	36		$	35		$	35		$	34		$	34

(A)  Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements, and certain insurance fees charged on proprietary cards.

(B) Total cards-in-force represents the number of cards that are issued and outstanding. Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include additional supplemental cards issued on that account. Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee cardmembers. Non-proprietary basic cards-in-force includes all cards that are issued and outstanding under network partnership agreements.

(C)  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.

(D)  Average basic cardmember spending and average fee per card are computed from proprietary card activities only. Average fee per card is computed based on net card fees excluding the amortization of deferred direct acquisition costs.

10

American Express Company

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Card billed business (A):
United States	$	92.9		$	96.9		$	89.6		$	88.5		$	79.6
Outside the United States	34.3			35.7			32.1			32.3			29.7
Total	$	127.2		$	132.6		$	121.7		$	120.8		$	109.3
Total cards-in-force (millions) (B):
United States	44.0			43.0			42.0			41.0			40.3
Outside the United States	28.5			28.0			27.0			26.3			25.8
Total	72.5			71.0			69.0			67.3			66.1
Basic cards-in-force (millions) (B):
United States	33.7			32.8			31.9			31.1			30.6
Outside the United States	23.6			23.2			22.4			21.8			21.3
Total	57.3			56.0			54.3			52.9			51.9
Average discount rate (C)	2.58		%	2.55		%	2.58		%	2.59		%	2.61		%
Average basic cardmember spending (dollars) (D)	$	2,612		$	2,778		$	2,610		$	2,640		$	2,412
Average fee per card (dollars) (D)	$	34		$	35		$	35		$	35		$	35

(A) Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements, and certain insurance fees charged on proprietary cards.

(B) Total cards-in-force represents the number of cards that are issued and outstanding. Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include additional supplemental cards issued on that account. Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee cardmembers. Non-proprietary basic cards-in-force includes all cards that are issued and outstanding under network partnership agreements.

(C) 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.

(D) Average basic cardmember spending and average fee per card are computed from proprietary card activities only. Average fee per card is computed based on net card fees excluding the amortization of deferred direct acquisition costs.

11

American Express Company

Selected Statistical Information (continued)

(Billions, except percentages and where indicated)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Worldwide cardmember receivables:
Total receivables	$	38.4		$	36.5		$	37.4		$	35.0		$	34.7
90 days past due as a % of total	2.7		%	2.9		%	2.8		%	2.8		%	2.8		%
Loss reserves (millions):	$	981		$	979		$	981		$	947		$	948
% of receivables	2.6		%	2.7		%	2.6		%	2.7		%	2.7		%
% of 90 days past due	95		%	93		%	95		%	97		%	98		%
Net loss ratio as a % of charge volume	0.24		%	0.23		%	0.26		%	0.26		%	0.24		%
Worldwide cardmember lending - owned basis (A):
Total loans	$	48.3		$	42.3		$	43.3		$	38.3		$	36.3
30 days past due loans as a % of total	2.8		%	3.0		%	2.7		%	2.8		%	2.7		%
Loss reserves (millions):
Beginning balance	$	1,271		$	1,171		$	1,126		$	1,086		$	1,053
Provision	606			542			451			381			376
Net write offs	(473		)	(439		)	(405		)	(353		)	(331		)
Other	13			(3		)	(1		)	12			(12		)
Ending balance	$	1,417		$	1,271		$	1,171		$	1,126		$	1,086
% of loans	2.9		%	3.0		%	2.7		%	2.9		%	3.0		%
% of past due	106		%	100		%	98		%	106		%	113		%
Average loans	$	45.6		$	42.4		$	40.2		$	37.5		$	35.2
Net write-off rate	4.1		%	4.1		%	4.0		%	3.8		%	3.8		%
Net finance revenue(B)/average loans	9.5		%	9.4		%	9.6		%	9.5		%	9.4		%
Worldwide cardmember lending - managed basis (C):
Total loans	$	68.6		$	63.2		$	63.5		$	58.5		$	56.5
30 days past due loans as a % of total	2.6		%	2.8		%	2.6		%	2.7		%	2.5		%
Loss reserves (millions):
Beginning balance	$	1,787		$	1,622		$	1,571		$	1,546		$	1,554
Provision	780			797			608			512			478
Net write offs	(662		)	(628		)	(557		)	(498		)	(474		)
Other	12			(4		)	—			11			(12		)
Ending balance	$	1,917		$	1,787		$	1,622		$	1,571		$	1,546
% of loans	2.8		%	2.8		%	2.6		%	2.7		%	2.7		%
% of past due	106		%	100		%	97		%	101		%	110		%
Average loans	$	65.9		$	62.8		$	60.4		$	57.6		$	55.3
Net write-off rate	4.0		%	4.0		%	3.7		%	3.5		%	3.4		%
Net finance revenue(B)/average loans	9.3		%	9.5		%	9.4		%	9.4		%	9.4		%

(A) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(C) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

12

American Express Company

Selected Statistical Information (continued)

(Billions, except percentages and where indicated)

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Worldwide cardmember receivables:
Total receivables	$	33.2		$	34.2		$	31.9		$	31.5		$	30.0
90 days past due as a % of total	3.1		%	2.8		%	2.7		%	2.5		%	2.7		%
Loss reserves (millions):	$	978		$	942		$	909		$	848		$	831
% of receivables	2.9		%	2.8		%	2.9		%	2.7		%	2.8		%
% of 90 days past due	97		%	97		%	104		%	106		%	101		%
Net loss ratio as a % of charge volume	0.19		%	0.29		%	0.27		%	0.25		%	0.23		%
Worldwide cardmember lending - owned basis (A):
Total loans	$	32.7		$	33.1		$	29.9		$	28.1		$	25.9
30 days past due loans as a % of total	2.6		%	2.5		%	2.5		%	2.4		%	2.7		%
Loss reserves (millions):
Beginning balance	$	996		$	952		$	888		$	918		$	972
Provision	299			374			325			262			266
Net write offs	(270		)	(323		)	(280		)	(285		)	(267		)
Other	28			(7		)	19			(7		)	(53		)
Ending balance	$	1,053		$	996		$	952		$	888		$	918
% of loans	3.2		%	3.0		%	3.2		%	3.2		%	3.6		%
% of past due	123		%	122		%	128		%	133		%	134		%
Average loans	$	32.4		$	31.0		$	28.3		$	27.5		$	26.3
Net write-off rate	3.3		%	4.2		%	4.0		%	4.1		%	4.1		%
Net finance revenue(B)/average loans	8.8		%	8.9		%	9.0		%	9.1		%	8.8		%
Worldwide cardmember lending - managed basis (C):
Total loans	$	53.5		$	54.3		$	50.6		$	48.8		$	46.3
30 days past due loans as a % of total	2.5		%	2.4		%	2.4		%	2.3		%	2.6		%
Loss reserves (millions):
Beginning balance	$	1,469		$	1,401		$	1,367		$	1,419		$	1,475
Provision	393			671			510			445			471
Net write offs	(404		)	(596		)	(494		)	(490		)	(474		)
Other	96			(7		)	18			(7		)	(53		)
Ending balance	$	1,554		$	1,469		$	1,401		$	1,367		$	1,419
% of loans	2.9		%	2.7		%	2.8		%	2.8		%	3.1		%
% of past due	116		%	114		%	144		%	121		%	120		%
Average loans	$	53.7		$	51.9		$	49.6		$	47.5		$	46.4
Net write-off rate	3.0		%	4.6		%	4.0		%	4.1		%	4.1		%
Net finance revenue(B)/average loans	9.0		%	9.3		%	9.3		%	9.1		%	9.0		%

(A) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(C) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

13

American Express Company

Selected Statistical Information

(Billions, except percentages and where indicated)

	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Card billed business (A):
United States	$	406.8		$	354.6		15	%
Outside the United States	154.7			129.8			19
Total	$	561.5		$	484.4		16
Total cards-in-force (millions) (B):
United States	48.1			43.0			12	%
Outside the United States	29.9			28.0			7
Total	78.0			71.0			10
Basic cards-in-force (millions) (B):
United States	37.1			32.8			13	%
Outside the United States	25.4			23.2			9
Total	62.5			56.0			12
Average discount rate (C)	2.57		%	2.58		%
Average basic cardmember spending (dollars) (D)	$	11,201		$	10,445		7	%
Average fee per card (dollars) (D)	$	35		$	35		—	%

(A)  Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements, and certain insurance fees charged on proprietary cards.

(B) Total cards-in-force represents the number of cards that are issued and outstanding. Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include additional supplemental cards issued on that account. Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee cardmembers. Non-proprietary basic cards-in-force includes all cards that are issued and outstanding under network partnership agreements.

(C)  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.

(D)  Average basic cardmember spending and average fee per card are computed from proprietary card activities only. Average fee per card is computed based on net card fees excluding the amortization of deferred direct acquisition costs.

14

American Express Company

Selected Statistical Information (continued)

(Billions, except percentages and where indicated)

	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Worldwide cardmember receivables:
Total receivables	$	37.4		$	34.2		9	%
90 days past due as a % of total	2.8		%	2.8		%
Loss reserves (millions):	$	981		$	942		4	%
% of receivables	2.6		%	2.8		%
% of 90 days past due	95		%	97		%
Net loss ratio as a % of charge volume	0.24		%	0.26		%
Worldwide cardmember lending - owned basis (A):
Total loans	$	43.3		$	33.1		31	%
30 days past due loans as a % of total	2.7		%	2.5		%
Loss reserves (millions):
Beginning balance	$	996		$	972		2	%
Provision	1,507			1,227			23
Net write offs	(1,359		)	(1,155		)	18
Other	27			(48		)	#
Ending balance	$	1,171		$	996		18
% of loans	2.7		%	3.0		%
% of past due	98		%	122		%
Average loans	$	36.5		$	28.3		29	%
Net write-off rate	3.7		%	4.1		%
Net finance revenue(B)/average loans	9.3		%	8.9		%
Worldwide cardmember lending - managed basis (C):
Total loans	$	63.5		$	54.3		17	%
30 days past due loans as a % of total	2.6		%	2.4		%
Loss reserves (millions):
Beginning balance	$	1,469		$	1,475		—	%
Provision	1,991			2,097			(5	)
Net write offs	(1,933		)	(2,055		)	(6	)
Other	95			(48		)	#
Ending balance	$	1,622		$	1,469		10
% of loans	2.6		%	2.7		%
% of past due	97		%	114		%
Average loans	$	56.9		$	48.9		16	%
Net write-off rate	3.4		%	4.2		%
Net finance revenue(B)/average loans	9.3		%	9.2		%

# - Denotes a variance of more than 100%.

(A) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(C) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

15

U.S. Card Services

Selected Income Statement Data

(Millions)

	Quarters Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
	2007		2007		2006		2006		2006
Revenues
Discount revenue, net card fees and other	$	2,642	$	2,414	$	2,481	$	2,358	$	2,388
Cardmember lending finance revenue	1,179		1,055		1,018		928		814
Securitization income, net	332		457		347		384		372
Total revenues	4,153		3,926		3,846		3,670		3,574
Interest expense
Cardmember lending	363		313		288		260		215
Charge card and other	230		249		209		207		189
Revenues net of interest expense	3,560		3,364		3,349		3,203		3,170
Expenses
Marketing, promotion, rewards and cardmember services	1,266		944		1,220		1,117		1,088
Human resources and other operating expenses	827		808		876		805		797
Total	2,093		1,752		2,096		1,922		1,885
Provisions for losses	640		581		530		442		346
Pretax segment income	827		1,031		723		839		939
Income tax provision	247		387		250		281		345
Segment income	$	580	$	644	$	473	$	558	$	594

16

U.S. Card Services

Selected Income Statement Data

(Millions)

	Quarters Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
	2006		2005		2005		2005		2005
Revenues
Discount revenue, net card fees and other	$	2,194	$	2,275	$	2,125	$	2,112	$	1,939
Cardmember lending finance revenue	674		685		614		587		522
Securitization income, net	386		295		353		296		316
Total revenues	3,254		3,255		3,092		2,995		2,777
Interest expense
Cardmember lending	194		200		156		140		120
Charge card and other	162		154		144		117		114
Revenues net of interest expense	2,898		2,901		2,792		2,738		2,543
Expenses
Marketing, promotion, rewards and cardmember services	1,020		1,063		985		961		822
Human resources and other operating expenses	749		734		691		708		677
Total	1,769		1,797		1,676		1,669		1,499
Provisions for losses	307		507		452		362		337
Pretax segment income	822		597		664		707		707
Income tax provision	295		181		239		259		259
Segment income	$	527	$	416	$	425	$	448	$	448

17

U.S. Card Services

Selected Financial Information

Managed Basis Presentation

(Millions)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Income Statement Data
Discount revenue, net card fees and other:
Reported for the period (GAAP)	$	2,642		$	2,414		$	2,481		$	2,358		$	2,388
Securitization adjustments	80			87			56			51			44
Managed discount revenue, net card fees and other	$	2,722		$	2,501		$	2,537		$	2,409		$	2,432
Cardmember lending finance revenue:
Reported for the period (GAAP)	$	1,179		$	1,055		$	1,018		$	928		$	814
Securitization adjustments	724			757			729			749			726
Managed finance revenue	$	1,903		$	1,812		$	1,747		$	1,677		$	1,540
Securitization income, net:
Reported for the period (GAAP)	$	332		$	457		$	347		$	384		$	372
Securitization adjustments	(332		)	(457		)	(347		)	(384		)	(372		)
Managed securitization income, net	$	—		$	—		$	—		$	—		$	—
Cardmember lending interest expense:
Reported for the period (GAAP)	$	363		$	313		$	288		$	260		$	215
Securitization adjustments	274			273			279			274			257
Managed cardmember lending interest expense	$	637		$	586		$	567		$	534		$	472
Provisions for losses:
Reported for the period (GAAP)	$	640		$	581		$	530		$	442		$	346
Securitization adjustments	177			205			153			144			127
Managed provisions for losses	$	817		$	786		$	683		$	586		$	473

See page 23 for discussion of managed basis presentation.

18

U.S. Card Services

Selected Financial Information

Managed Basis Presentation

(Millions)

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Income Statement Data
Discount revenue, net card fees and other:
Reported for the period (GAAP)	$	2,194		$	2,275		$	2,125		$	2,112		$	1,939
Securitization adjustments	48			53			53			51			53
Managed discount revenue, net card fees and other	$	2,242		$	2,328		$	2,178		$	2,163		$	1,992
Cardmember lending finance revenue:
Reported for the period (GAAP)	$	674		$	685		$	614		$	587		$	522
Securitization adjustments	733			744			721			618			609
Managed finance revenue	$	1,407		$	1,429		$	1,335		$	1,205		$	1,131
Securitization income, net:
Reported for the period (GAAP)	$	386		$	295		$	353		$	296		$	316
Securitization adjustments	(386		)	(295		)	(353		)	(296		)	(316		)
Managed securitization income, net	$	—		$	—		$	—		$	—		$	—
Cardmember lending interest expense:
Reported for the period (GAAP)	$	194		$	200		$	156		$	140		$	120
Securitization adjustments	247			226			209			164			140
Managed cardmember lending interest expense	$	441		$	426		$	365		$	304		$	260
Provisions for losses:
Reported for the period (GAAP)	$	307		$	507		$	452		$	362		$	337
Securitization adjustments	126			287			215			210			212
Managed provisions for losses	$	433		$	794		$	667		$	572		$	549

See page 23 for discussion of managed basis presentation.

19

U.S. Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Card billed business	$	94.6		$	85.2		$	90.8		$	83.4		$	83.9
Total cards-in-force (millions)	42.1			41.5			40.7			39.9			39.1
Basic cards-in-force (millions)	31.2			30.7			30.1			29.5			28.9
Average basic cardmember spending (dollars)	$	3,054		$	2,801		$	3,044		$	2,852		$	2,925
U.S. Consumer Travel:
Travel sales	$	0.8		$	0.7		$	0.6		$	0.6		$	0.7
Travel commissions and fees/sales	8.0		%	7.5		%	8.2		%	8.5		%	8.5		%
Total segment assets	$	76.1		$	68.4		$	71.0		$	66.6		$	62.3
Segment capital	$	4.5		$	4.5		$	4.7		$	4.5		$	4.4
Return on segment capital (A)	49.9		%	50.2		%	47.4		%	46.6		%	44.4		%
Cardmember receivables:
Total receivables	$	19.8		$	19.0		$	20.6		$	18.2		$	18.5
90 days past due as a % of total	3.6		%	3.8		%	3.3		%	3.5		%	3.4		%
Net loss ratio as a % of charge volume	0.30		%	0.25		%	0.32		%	0.33		%	0.28		%
Cardmember lending - owned basis (B):
Total loans	$	38.3		$	33.0		$	33.6		$	29.3		$	27.6
30 days past due loans as a % of total	2.7		%	2.9		%	2.7		%	2.7		%	2.5		%
Average loans	$	35.9		$	33.1		$	30.9		$	28.6		$	26.4
Net write-off rate	3.7		%	3.7		%	3.5		%	3.1		%	2.9		%
Net finance revenue(C)/average loans	9.1		%	9.1		%	9.4		%	9.2		%	9.1		%
Cardmember lending - managed basis (D):
Total loans	$	58.6		$	53.9		$	53.8		$	49.5		$	47.8
30 days past due loans as a % of total	2.6		%	2.8		%	2.6		%	2.6		%	2.4		%
Average loans	$	56.3		$	53.4		$	51.1		$	48.7		$	46.5
Net write-off rate	3.7		%	3.7		%	3.3		%	3.0		%	2.9		%
Net finance revenue(C)/average loans	9.0		%	9.3		%	9.2		%	9.3		%	9.2		%

(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.

(B) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(C) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(D) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

20

U.S. Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Card billed business	$	75.3		$	80.8		$	74.2		$	72.8		$	65.0
Total cards-in-force (millions)	38.3			37.5			36.9			36.1			35.5
Basic cards-in-force (millions)	28.4			27.7			27.2			26.5			26.1
Average basic cardmember spending (dollars)	$	2,690		$	2,945		$	2,765		$	2,769		$	2,506
U.S. Consumer Travel:
Travel sales	$	0.5		$	0.5		$	0.5		$	0.5		$	0.4
Travel commissions and fees/sales	8.1		%	8.4		%	8.6		%	8.8		%	9.0		%
Total segment assets	$	58.3		$	61.6		$	53.2		$	51.9		$	49.2
Segment capital	$	4.6		$	4.6		$	4.4		$	4.1		$	4.0
Return on segment capital (A)	41.8		%	41.0		%	41.0		%	40.2		%	39.5		%
Cardmember receivables:
Total receivables	$	17.2		$	19.2		$	16.8		$	16.8		$	15.7
90 days past due as a % of total	4.0		%	3.4		%	3.5		%	3.1		%	3.5		%
Net loss ratio as a % of charge volume	0.20		%	0.38		%	0.30		%	0.29		%	0.25		%
Cardmember lending - owned basis (B):
Total loans	$	24.3		$	24.8		$	22.4		$	20.9		$	18.7
30 days past due loans as a % of total	2.4		%	2.3		%	2.4		%	2.3		%	2.6		%
Average loans	$	24.0		$	23.2		$	20.9		$	20.3		$	19.2
Net write-off rate	2.6		%	4.1		%	3.6		%	3.9		%	3.9		%
Net finance revenue(C)/average loans	8.1		%	8.4		%	8.7		%	8.8		%	8.4		%
Cardmember lending - managed basis (D):
Total loans	$	45.1		$	46.0		$	43.0		$	41.6		$	39.2
30 days past due loans as a % of total	2.4		%	2.3		%	2.4		%	2.2		%	2.5		%
Average loans	$	45.3		$	44.1		$	42.3		$	40.3		$	39.3
Net write-off rate	2.6		%	4.6		%	3.8		%	4.0		%	4.1		%
Net finance revenue(C)/average loans	8.7		%	9.1		%	9.2		%	8.9		%	8.9		%

(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.

(B) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(C) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(D) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

21

U.S. Card Services

Selected Income Statement Data

(Millions)

	Years Ended
	December 31,				Percentage
	2006		2005		Inc/(Dec)
Revenues
Discount revenue, net card fees and other	$	9,421	$	8,451	11	%
Cardmember lending finance revenue	3,434		2,408		43
Securitization income, net	1,489		1,260		18
Total revenues	14,344		12,119		18
Interest expense
Cardmember lending	957		616		55
Charge card and other	767		529		45
Revenues net of interest expense	12,620		10,974		15
Expenses
Marketing, promotion, rewards and cardmember services	4,445		3,831		16
Human resources and other operating expenses	3,227		2,810		15
Total	7,672		6,641		16
Provisions for losses	1,625		1,658		(2	)
Pretax segment income	3,323		2,675		24
Income tax provision	1,171		938		25
Segment income	$	2,152	$	1,737	24

22

U.S. Card Services

Selected Financial Information

Managed Basis Presentation

(Millions)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Income Statement Data
Discount revenue, net card fees and other:
Reported for the period (GAAP)	$	9,421		$	8,451		11	%
Securitization adjustments	199			210			(5	)
Managed discount revenue, net card fees and other	$	9,620		$	8,661		11
Cardmember lending finance revenue:
Reported for the period (GAAP)	$	3,434		$	2,408		43
Securitization adjustments	2,937			2,692			9
Managed finance revenue	$	6,371		$	5,100		25
Securitization income, net:
Reported for the period (GAAP)	$	1,489		$	1,260		18
Securitization adjustments	(1,489		)	(1,260		)	18
Managed securitization income, net	$	—		$	—		—
Cardmember lending interest expense:
Reported for the period (GAAP)	$	957		$	616		55
Securitization adjustments	1,057			739			43
Managed cardmember lending interest expense	$	2,014		$	1,355		49
Provisions for losses:
Reported for the period (GAAP)	$	1,625		$	1,658		(2	)
Securitization adjustments	550			924			(40	)
Managed provisions for losses	$	2,175		$	2,582		(16	)

For U.S. Card Services, the managed basis presentation assumes that there have been no off-balance sheet securitization transactions, i.e., all securitized cardmember loans and related income effects are reflected as if they were in the Company’s balance sheets and income statements, respectively. For the managed basis presentation, revenue and expenses related to securitized cardmember loans are reflected in other commissions and fees (included above in discount revenue, net card fees and other), cardmember lending finance revenue, cardmember lending interest expense, and provisions for losses. On a managed basis, there is no securitization income, net, as the managed basis presentation assumes no securitization transactions have occurred.

The Company presents U.S. Card Services information on a managed basis because that is the way the Company’s management views and manages the business. Management believes that a full picture of trends in the Company’s cardmember lending business can only be derived by evaluating the performance of both securitized and non-securitized cardmember loans. Management also believes that use of a managed basis presentation presents a more accurate picture of the key dynamics of the cardmember lending business. Irrespective of the on and off-balance sheet funding mix, it is important for management and investors to see metrics for the entire cardmember lending portfolio because they are more representative of the economics of the aggregate cardmember relationships and ongoing business performance and trends over time. It is also important for investors to see the overall growth of cardmember loans and related revenue in order to evaluate market share. These metrics are significant in evaluating the Company’s performance and can only be properly assessed when all non-securitized and securitized cardmember loans are viewed together on a managed basis.  The Company does not currently securitize international loans.

23

U.S. Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Card billed business	$	333.4		$	292.8		14	%
Total cards-in-force (millions)	40.7			37.5			9	%
Basic cards-in-force (millions)	30.1			27.7			9	%
Average basic cardmember spending (dollars)	$	11,521		$	10,996		5	%
U.S. Consumer Travel:
Travel sales (millions)	$	2,357		$	1,853		27	%
Travel commissions and fees/sales	8.4		%	8.7		%
Total segment assets	$	71.0		$	61.6		15	%
Segment capital	$	4.7		$	4.6		2	%
Return on segment capital (A)	47.4		%	41.0		%
Cardmember receivables:
Total receivables	$	20.6		$	19.2		7	%
90 days past due as a % of total	3.3		%	3.4		%
Net loss ratio as a % of charge volume	0.28		%	0.30		%
Cardmember lending - owned basis (B):
Total loans	$	33.6		$	24.8		35	%
30 days past due loans as a % of total	2.7		%	2.3		%
Average loans	$	27.6		$	21.0		31	%
Net write-off rate	3.0		%	3.9		%
Net finance revenue(C)/average loans	9.0		%	8.5		%
Cardmember lending - managed basis (D):
Total loans	$	53.8		$	46.0		17	%
30 days past due loans as a % of total	2.6		%	2.3		%
Average loans	$	48.0		$	41.5		16	%
Net write-off rate	2.9		%	4.1		%
Net finance revenue(C)/average loans	9.1		%	9.0		%

(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.

(B) “Owned,” a GAAP basis measurement, reflects only cardmember loans included in the Company’s Consolidated Balance Sheets.

(C) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

(D) Includes on-balance sheet cardmember loans and off-balance sheet securitized cardmember loans. The difference between the “owned basis” (GAAP) information and “managed basis” information is attributable to the effects of securitization activities. Refer to the information set forth under U.S. Card Services Selected Financial Information on page 23 for further discussion of the managed basis presentation.

24

International Card Services

Selected Income Statement Data

(Millions)
	Quarters Ended
	June 30,			March 31,			December 31,			September 30,		June 30,
	2007			2007			2006			2006		2006
Revenues
Discount revenue, net card fees and other	$	900		$	828		$	884		$	819	$	884
Cardmember lending finance revenue	333			310			304			286		285
Total revenues	1,233			1,138			1,188			1,105		1,169
Interest expense
Cardmember lending	120			109			105			99		99
Charge card and other	64			50			57			54		44
Revenues net of interest expense	1,049			979			1,026			952		1,026
Expenses
Marketing, promotion, rewards and cardmember services	293			281			280			247		327
Human resources and other operating expenses	453			418			460			387		404
Total	746			699			740			634		731
Provisions for losses	211			184			210			197		229
Pretax segment income	92			96			76			121		66
Income tax (benefit) provision	(25		)	(6		)	(23		)	15		(22		)
Segment income	$	117		$	102		$	99		$	106	$	88

25

International Card Services

Selected Income Statement Data

(Millions)
	Quarters Ended
	March 31,			December 31,		September 30,		June 30,			March 31,
	2006			2005		2005		2005			2005
Revenues
Discount revenue, net card fees and other	$	818		$	854	$	808	$	788		$	760
Cardmember lending finance revenue	271			257		245		234			231
Total revenues	1,089			1,111		1,053		1,022			991
Interest expense
Cardmember lending	90			86		81		79			77
Charge card and other	38			35		34		33			32
Revenues net of interest expense	961			990		938		910			882
Expenses
Marketing, promotion, rewards and cardmember services	255			252		245		257			244
Human resources and other operating expenses	441			455		417		481			442
Total	696			707		662		738			686
Provisions for losses	216			188		162		138			141
Pretax segment income	49			95		114		34			55
Income tax (benefit) provision	(1		)	14		7		(18		)	(11		)
Segment income	$	50		$	81	$	107	$	52		$	66

26

International Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Card billed business	$	23.6		$	21.5		$	23.6		$	21.4		$	21.7
Total cards-in-force (millions)	15.7			15.7			15.6			15.5			15.6
Basic cards-in-force (millions)	11.2			11.2			11.2			11.1			11.2
Average basic cardmember spending (dollars)	$	2,123		$	1,926		$	2,106		$	1,908		$	1,826
International Consumer Travel:
Travel sales	$	0.3		$	0.2		$	0.3		$	0.2		$	0.2
Travel commissions and fees/sales	8.6		%	8.4		%	8.6		%	8.3		%	8.8		%
Total segment assets	$	19.7		$	18.5		$	18.9		$	18.6		$	17.8
Segment capital	$	1.9		$	1.8		$	1.7		$	1.9		$	1.9
Return on segment capital (A)	22.8		%	20.9		%	17.9		%	16.8		%	17.0		%
Cardmember receivables:
Total receivables	$	5.9		$	5.4		$	6.0		$	5.5		$	5.2
90 days past due as a % of total	2.0		%	2.4		%	2.3		%	2.6		%	2.7		%
Net loss ratio as a % of charge volume	0.28		%	0.29		%	0.30		%	0.27		%	0.25		%
Cardmember lending:
Total loans	$	10.0		$	9.3		$	9.7		$	9.0		$	8.7
30 days past due loans as a % of total	2.9		%	3.1		%	2.9		%	3.1		%	3.2		%
Average loans	$	9.7		$	9.4		$	9.3		$	8.9		$	8.8
Net write-off rate	6.0		%	5.7		%	5.7		%	5.9		%	6.4		%
Net finance revenue(B)/average loans	8.9		%	8.7		%	8.5		%	8.3		%	8.5		%

(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.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

27

International Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)
	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Card billed business	$	19.6		$	21.1		$	19.1		$	18.8		$	17.4
Total cards-in-force (millions)	16.6			16.3			15.9			15.7			15.5
Basic cards-in-force (millions)	11.8			11.6			11.3			11.2			11.1
Average basic cardmember spending (dollars)	$	1,677		$	1,840		$	1,700		$	1,686		$	1,577
International Consumer Travel:
Travel sales	$	0.2		$	0.2		$	0.2		$	0.2		$	0.2
Travel commissions and fees/sales	9.0		%	9.4		%	9.2		%	9.4		%	9.3		%
Total segment assets	$	16.7		$	17.4		$	16.2		$	15.6		$	15.4
Segment capital	$	2.0		$	1.9		$	1.8		$	1.9		$	1.8
Return on segment capital (A)	15.2		%	16.4		%	15.5		%	13.0		%	14.0		%
Cardmember receivables:
Total receivables	$	5.1		$	5.5		$	5.3		$	4.9		$	4.8
90 days past due as a % of total	2.6		%	2.2		%	2.1		%	2.2		%	2.2		%
Net loss ratio as a % of charge volume	0.24		%	0.25		%	0.24		%	0.27		%	0.24		%
Cardmember lending:
Total loans	$	8.4		$	8.3		$	7.5		$	7.2		$	7.1
30 days past due loans as a % of total	3.2		%	2.8		%	2.8		%	2.7		%	2.8		%
Average loans	$	8.4		$	7.8		$	7.3		$	7.1		$	7.2
Net write-off rate	5.5		%	4.4		%	5.0		%	4.8		%	4.3		%
Net finance revenue(B)/average loans	8.7		%	8.7		%	8.9		%	8.7		%	8.7		%

(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.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

28

International Card Services

Selected Income Statement Data

(Millions)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Revenues
Discount revenue, net card fees and other	$	3,405		$	3,210		6	%
Cardmember lending finance revenue	1,146			967			19
Total revenues	4,551			4,177			9
Interest expense
Cardmember lending	393			323			22
Charge card and other	193			134			44
Revenues net of interest expense	3,965			3,720			7
Expenses
Marketing, promotion, rewards and cardmember services	1,109			998			11
Human resources and other operating expenses	1,692			1,795			(6	)
Total	2,801			2,793			—
Provisions for losses	852			629			35
Pretax segment income	312			298			5
Income tax benefit	(31		)	(8		)	#
Segment income	$	343		$	306		12

29

International Card Services

Selected Statistical Information

(Billions, except percentages and where indicated)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Card billed business	$	86.3		$	76.4		13	%
Total cards-in-force (millions)	15.6			16.3			(4	)%
Basic cards-in-force (millions)	11.2			11.6			(3	)%
Average basic cardmember spending (dollars)	$	7,491		$	6,805		10	%
International Consumer Travel:
Travel sales (millions)	$	922		$	885		4	%
Travel commissions and fees/sales	8.7		%	9.3		%
Total segment assets	$	18.9		$	17.4		9	%
Segment capital (millions)	$	1,724		$	1,944		(11	)%
Return on segment capital (A)	17.9		%	16.4		%
Cardmember receivables:
Total receivables	$	6.0		$	5.5		9	%
90 days past due as a % of total	2.3		%	2.2		%
Net loss ratio as a % of charge volume	0.26		%	0.25		%
Cardmember lending:
Total loans	$	9.7		$	8.3		17	%
30 days past due loans as a % of total	2.9		%	2.8		%
Average loans	$	8.9		$	7.4		20	%
Net write-off rate	5.9		%	4.7		%
Net finance revenue(B)/average loans	8.5		%	8.8		%

(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.

(B) Net finance revenue, which represents cardmember lending finance revenue less cardmember lending interest expense, is computed on an annualized basis.

30

Global Commercial Services

Selected Income Statement Data

(Millions)
	Quarters Ended
	June 30,		March 31,		December 31,		September 30,		June 30,
	2007		2007		2006		2006		2006
Revenues
Discount revenue, net card fees and other	$	1,210	$	1,098	$	1,089	$	1,045	$	1,122
Interest expense
Charge card and other	127		104		107		96		90
Revenues net of interest expense	1,083		994		982		949		1,032
Expenses
Marketing, promotion, rewards and cardmember services	83		83		63		80		80
Human resources and other operating expenses	746		686		721		678		683
Total	829		769		784		758		763
Provisions for losses	36		30		31		34		27
Pretax segment income	218		195		167		157		242
Income tax provision	56		66		50		52		91
Segment income	$	162	$	129	$	117	$	105	$	151

	Quarters Ended
	March 31,		December 31,		September 30,		June 30,		March 31,
	2006		2005		2005		2005		2005
Revenues
Discount revenue, net card fees and other	$	1,013	$	1,019	$	977	$	1,046	$	971
Interest expense
Charge card and other	76		81		83		69		61
Revenues net of interest expense	937		938		894		977		910
Expenses
Marketing, promotion, rewards and cardmember services	84		65		61		65		60
Human resources and other operating expenses	682		681		641		696		676
Total	766		746		702		761		736
Provisions for losses	21		27		52		58		43
Pretax segment income	150		165		140		158		131
Income tax provision	46		32		41		51		41
Segment income	$	104	$	133	$	99	$	107	$	90

31

Global Commercial Services

Selected Statistical Information

(Billions, except percentages and where indicated)
	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Card billed business	$	31.0		$	29.0		$	27.6		$	26.2		$	27.5
Total cards-in-force (millions)	6.8			6.7			6.7			6.6			6.6
Basic cards-in-force (millions)	6.8			6.7			6.7			6.6			6.6
Average basic cardmember spending (dollars)	$	4,583		$	4,343		$	4,170		$	3,974		$	4,127
Global Corporate Travel:
Travel sales	$	5.3		$	4.8		$	4.6		$	4.3		$	5.0
Travel commissions and fees/sales	7.5		%	7.6		%	8.1		%	8.3		%	8.0		%
Total segment assets	$	21.7		$	20.5		$	18.9		$	18.6		$	18.3
Segment capital	$	2.1		$	2.1		$	1.9		$	2.0		$	2.0
Return on segment capital (A)	25.3		%	25.7		%	25.7		%	27.6		%	28.8		%
Cardmember receivables:
Total receivables	$	12.2		$	11.7		$	10.3		$	10.9		$	10.5
90 days past due as a % of total	1.6		%	1.6		%	1.9		%	1.7		%	1.6		%
Net loss ratio as a % of charge volume	0.10		%	0.10		%	0.09		%	0.09		%	0.08		%

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Card billed business	$	25.6		$	24.0		$	22.6		$	23.7		$	21.7
Total cards-in-force (millions)	6.6			6.4			6.3			6.2			6.2
Basic cards-in-force (millions)	6.6			6.4			6.3			6.2			6.2
Average basic cardmember spending (dollars)	$	3,979		$	3,787		$	3,612		$	3,819		$	3,526
Global Corporate Travel:
Travel sales	$	4.6		$	4.5		$	4.2		$	4.9		$	4.4
Travel commissions and fees/sales	7.8		%	8.3		%	8.6		%	8.8		%	8.3		%
Total segment assets	$	17.5		$	15.2		$	14.8		$	15.6		$	15.2
Segment capital	$	1.7		$	1.7		$	1.6		$	1.5		$	1.5
Return on segment capital (A)	27.9		%	27.9		%	26.3		%	27.1		%	27.4		%
Cardmember receivables:
Total receivables	$	10.5		$	9.0		$	9.4		$	9.4		$	9.1
90 days past due as a % of total	1.6		%	1.9		%	1.7		%	1.7		%	1.7		%
Net loss ratio as a % of charge volume	0.09		%	0.08		%	0.19		%	0.12		%	0.13		%

(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.

32

Global Commercial Services

Selected Income Statement Data

(Millions)
	Years Ended
	December 31,				Percentage
	2006		2005		Inc/(Dec)
Revenues
Discount revenue, net card fees and other	$	4,269	$	4,013	6	%
Interest expense
Charge card and other	369		294		26
Revenues net of interest expense	3,900		3,719		5
Expenses
Marketing, promotion, rewards and cardmember services	307		251		22
Human resources and other operating expenses	2,764		2,694		3
Total	3,071		2,945		4
Provisions for losses	113		180		(37	)
Pretax segment income	716		594		21
Income tax provision	239		165		45
Segment income	$	477	$	429	11

33

Global Commercial Services

Selected Statistical Information

(Billions, except percentages and where indicated)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Card billed business	$	106.9		$	92.0		16	%
Total cards-in-force (millions)	6.7			6.4			5	%
Basic cards-in-force (millions)	6.7			6.4			5	%
Average basic cardmember spending (dollars)	$	16,264		$	14,746		10	%
Global Corporate Travel:
Travel sales	$	18.5		$	18.0		3	%
Travel commissions and fees/sales	8.1		%	8.5		%
Total segment assets	$	18.9		$	15.2		24	%
Segment capital (millions)	$	1,907		$	1,665		15	%
Return on segment capital (A)	25.7		%	27.9		%
Cardmember receivables:
Total receivables	$	10.3		$	9.0		14	%
90 days past due as a % of total	1.9		%	1.9		%
Net loss ratio as a % of charge volume	0.09		%	0.13		%

(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.

34

Global Network & Merchant Services

Selected Income Statement Data

(Millions)
	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Revenues
Discount revenue, fees and other	$	887		$	800		$	840		$	773		$	765
Interest expense
Cardmember lending	(31		)	(28		)	(29		)	(25		)	(24		)
Other	(48		)	(49		)	(47		)	(43		)	(50		)
Revenues net of interest expense	966			877			916			841			839
Expenses
Marketing and promotion	150			129			125			118			140
Human resources and other operating expenses	389			393			448			390			370
Total	539			522			573			508			510
Provisions for losses	9			(19		)	46			19			14
Pretax segment income	418			374			297			314			315
Income tax provision	152			138			96			102			115
Segment income	$	266		$	236		$	201		$	212		$	200

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Revenues
Discount revenue, fees and other	$	685		$	704		$	676		$	675		$	626
Interest expense
Cardmember lending	(20		)	(21		)	(17		)	(16		)	(12		)
Other	(43		)	(43		)	(35		)	(36		)	(31		)
Revenues net of interest expense	748			768			728			727			669
Expenses
Marketing and promotion	135			141			167			131			165
Human resources and other operating expenses	341			362			328			334			316
Total	476			503			495			465			481
Provisions for losses	10			13			19			17			17
Pretax segment income	262			252			214			245			171
Income tax provision	96			86			73			90			60
Segment income	$	166		$	166		$	141		$	155		$	111

35

Global Network & Merchant Services

Selected Statistical Information

(Billions, except percentages and where indicated)

	Quarters Ended
	June 30,			March 31,			December 31,			September 30,			June 30,
	2007			2007			2006			2006			2006
Global Card billed business (A)	$	161.1		$	146.2		$	153.5		$	140.3		$	140.5
Global Network & Merchant Services:
Total segment assets	$	4.3		$	4.5		$	4.4		$	5.1		$	6.2
Segment capital	$	1.1		$	1.0		$	1.3		$	1.3		$	1.3
Return on segment capital (B)	78.0		%	69.2		%	60.3		%	57.9		%	53.8		%
Global Network Services (C):
Card billed business	$	12.3		$	10.5		$	11.5		$	9.7		$	7.6
Total cards-in-force (millions) (D)	17.6			16.0			15.0			14.5			13.1

	Quarters Ended
	March 31,			December 31,			September 30,			June 30,			March 31,
	2006			2005			2005			2005			2005
Global Card billed business (A)	$	127.2		$	132.6		$	121.7		$	120.8		$	109.3
Global Network & Merchant Services:
Total segment assets	$	5.7		$	4.5		$	4.5		$	4.7		$	4.6
Segment capital	$	1.3		$	1.3		$	1.2		$	1.1		$	1.1
Return on segment capital (B)	51.7		%	49.2		%	49.4		%	54.0		%	53.6		%
Global Network Services (C):
Card billed business	$	6.6		$	6.9		$	6.0		$	5.8		$	5.3
Total cards-in-force (millions) (D)	11.0			10.8			9.9			9.2			8.9

(A) Global Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements, and certain insurance fees charged on proprietary cards.

(B) 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.

(C) Billed business and cards-in-force reflect the transfer, effective January 1, 2006, to Global Commercial Services’ segment of corporate card accounts in certain emerging markets that had been managed within Global Network Services.

(D) Cards-in-force for 2006 reflect the transfer of 1.3 million proprietary cards in Brazil, and approximately 200,000 proprietary cards-in-force in Malaysia and Indonesia from the International Card Services and Global Commercial Services segments during the second quarter of 2006 and the third quarter of 2006, respectively.

36

Global Network & Merchant Services

Selected Income Statement Data

(Millions)
	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Revenues
Discount revenue, fees and other	$	3,063		$	2,681		14	%
Interest expense
Cardmember lending	(98		)	(66		)	48
Other	(183		)	(145		)	26
Revenues net of interest expense	3,344			2,892			16
Expenses
Marketing and promotion	518			604			(14	)
Human resources and other operating expenses	1,549			1,340			16
Total	2,067			1,944			6
Provisions for losses	89			66			35
Pretax segment income	1,188			882			35
Income tax provision	409			309			32
Segment income	$	779		$	573		36

37

Global Network & Merchant Services

Selected Statistical Information

(Billions, except percentages and where indicated)

	Years Ended
	December 31,						Percentage
	2006			2005			Inc/(Dec)
Global Card billed business (A)	$	561.5		$	484.4		16	%
Global Network & Merchant Services:
Total segment assets	$	4.4		$	4.5		(2	)%
Segment capital (millions)	$	1,272		$	1,316		(3	)%
Return on segment capital (B)	60.3		%	49.2		%
Global Network Services (C):
Card billed business	$	35.4		$	24.0		48	%
Total cards-in-force (millions) (D)	15.0			10.8			39	%

(A) Global Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements, and certain insurance fees charged on proprietary cards.

(B) 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.

(C) Billed business and cards-in-force reflect the transfer, effective January 1, 2006, to Global Commercial Services’ segment of corporate card accounts in certain emerging markets that had been managed within Global Network Services.

(D) Cards-in-force for 2006 reflect the transfer of 1.3 million proprietary cards in Brazil, and approximately 200,000 proprietary cards-in-force in Malaysia and Indonesia from the International Card Services and Global Commercial Services segments during the second quarter of 2006 and the third quarter of 2006, respectively.

38

American Express Company

Selected Financial Information

2007 Significant Items (A)

(Millions)

(Increase/(Decrease))

	Quarters Ended
	As Reported for International Card & Global Commercial Services								International Card Services								Global Commercial Services
	June 30,				March 31,				June 30,				March 31,				June 30,				March 31,
Significant Item	2007				2007				2007				2007				2007				2007
U.S. pension plans (B)	—				$		21		—				$		2		—				$		19
Reengineering costs	$	(6		)	$	(12		)	$	1			$	(8		)	$	(7		)	$	(4		)
Tax benefit (after-tax) (C)	$		9		—				—				—				$		9			—
Marketing and promotional expenditures (D)	$		(6	)	—				$		(6	)		—			—				—

(A) Historically these items were reported in the International Card & Global Commercial Services segment. As part of the organizational changes effective July 1, 2007, the previously reported International Card & Global Commercial Services segment is now reported as two segments, the International Card Services segment and the Global Commercial Services segment. The Company has reclassified these items to be consistent with the new segments. Amounts are pretax unless otherwise noted.

(B)  Gain related to amendments to the Company’s U.S. pension plans that reduced projected pension obligations to plan participants.

(C)  Tax benefit from the Internal Revenue Service related to the treatment of prior years’ card fee income.

(D)  An increase to marketing and promotion expenditures above the level planned.

39

American Express Company

Selected Financial Information

2007 Significant Items (A)

(Millions)

(Increase/(Decrease))

	Quarters Ended
	As Reported for the Corporate & Other Segment				Discontinued Operations				Revised Corporate & Other
	June 30,	March 31,			June 30,	March 31,			June 30,	March 31,
Significant Item	2007	2007			2007	2007			2007	2007
Regulatory and legal (pretax and after-tax) (B)	—	$	(60	)	—	$	(60	)	—	—

(A) Historically these items were reported in the Corporate & Other segment and related to international banking activities. As a result of the announced sale of American Express Bank Ltd., these items have been reclassified to discontinued operations.

(B)  Charge related to a reserve established for regulatory and legal exposure at American Express Bank International, a subsidiary of American Express Bank Ltd.

40

American Express Company

Selected Financial Information

2006 Significant Items (A)

(Millions)

(Increase/(Decrease))

	Quarters Ended
	As Reported for International Card & Global Commercial Services
	December 31,			September 30,			June 30,					March 31,
Significant Item	2006			2006			2006					2006
Brazil (B)	—			—			$		119			—
Reengineering costs	$	(28	)	$	(10	)	$	(34			)	$	(18		)
Taiwan (C)	—			—			—					$		(63	)
MR reserve model outside the U.S. (D)	—			—			$			(62	)	—
Malaysia and Indonesia (E)	—			$	33		—					—
MR reserve model in the U.S. (F)	—			—			—					$		(6	)

	Quarters Ended
	International Card Services																Global Commercial Services
	December 31,				September 30,			June 30,				March 31,				December 31,				September 30,				June 30,				March 31,
Significant Item	2006				2006			2006				2006				2006				2006				2006				2006
Brazil (B)	—				—			$		91		—				—				—				$		28		—
Reengineering costs	$	(1		)	$	1		$	(11		)	$	(1		)	$		(27	)	$	(11		)	$	(23		)	$	(17		)
Taiwan (C)	—				—			—				$		(38	)	—				—				—				—
MR reserve model outside the U.S. (D)	—				—			$		(56	)	—				—				—				$		(6	)	—
Malaysia and Indonesia (E)			—		$		23	—				—				—				$		10		—				—
MR reserve model in the U.S. (F)	—				—			—				—				—				—				—				$		(6	)

(A) Historically these items were reported in the International Card & Global Commercial Services segment. As part of the organizational changes effective July 1, 2007, the previously reported International Card & Global Commercial Services segment is now reported as two segments, the International Card Services segment and the Global Commercial Services segment. The Company has reclassified these items to be consistent with the new segments. Amounts are pretax unless otherwise noted.

(B)  Gain related to the sale of the Company’s card and merchant-related activities in Brazil.

(C)  Charge related to higher provision for losses in Taiwan due primarily to the impact of industry-wide credit issues. Approximately $25 million of the $63 million charge was related to American Express Bank Ltd. and therefore has been reclassified to discontinued operations.

(D)  Charges associated with certain adjustments made to the Membership Rewards model outside the United States.

(E)  Gains related to the sale of the Company’s card and merchant-related activities in Malaysia and Indonesia.

(F)  Charges associated with certain adjustments made to the Membership Rewards model in the United States.

41

American Express Company

Selected Financial Information

2006 Significant Items (A)

(Millions)

(Increase/(Decrease))

	Quarters Ended
	As Reported for the Corporate & Other Segment
	December 31,		September 30,	June 30,	March 31,
Significant Item	2006		2006	2006	2006
Egyptian American Bank (B)	—		—	—	$	88
Taiwan (C)		—	—	—	$	(25	)

	Quarters Ended
	Discontinued Operations						Revised Corporate & Other
	December 31,	September 30,	June 30,	March 31,			December 31,	September 30,	June 30,	March 31,
Significant Item	2006	2006	2006	2006			2006	2006	2006	2006
Egyptian American Bank (B)	—	—	—	$	88		—	—	—	—
Taiwan (C)	—	—	—	$	(25	)	—	—	—	—

(A) Historically these items were reported in the Corporate & Other segment and related to international banking activities. As a result of the announced sale of American Express Bank Ltd., these items have been reclassified to discontinued operations. Amounts are pretax unless otherwise noted.

(B)  Gain from the sale of an investment in Egyptian American Bank.

(C)  Charge related to higher provision for losses in Taiwan due primarily to the impact of industry-wide credit issues.

42

American Express Company

Selected Financial Information

2005 Significant Items (A)

(Millions)

(Increase/(Decrease))

	Quarters Ended
	As Reported for International Card & Global Commercial Services
	December 31,			September 30,				June 30,				March 31,
Significant Item	2005			2005				2005				2005
Reengineering costs (B)	$	(54	)	$	(30		)	$	(70		)	$	(12	)
Tax benefit (after-tax) (C)	—			—				$		33		—
Hurricane Katrina (D)	—			$		(9	)	—				—

	Quarters Ended
	International Card Services												Global Commercial Services
	December 31,			September 30,			June 30,			March 31,			December 31,			September 30,			June 30,			March 31,
Significant Item	2005			2005			2005			2005			2005			2005			2005			2005
Reengineering costs (B)	$	(6	)	$	(11	)	$	(24	)	$	(1	)	$	(42	)	$	(14	)	$	(44	)	$	(11	)
Tax benefit (after-tax) (C)	—			—			—			—			—			—			—			—
Hurricane Katrina (D)	—			—			—			—			—			$	(9	)	—			—

(A) Historically these items were reported in the International Card & Global Commercial Services segment. As part of the organizational changes effective July 1, 2007, the previously reported International Card & Global Commercial Services segment is now reported as two segments, the International Card Services segment and the Global Commercial Services segment. The Company has reclassified these items to be consistent with the new segments. Amounts are pretax unless otherwise noted.

(B)  Reengineering costs for the periods ended December 31, 2005, September 30, 2005, and June 30, 2005 included $6 million, $5 million, and $2 million, respectively of items related to international banking activities. As a result of the announced sale of American Express Bank Ltd., these items have been reclassified to discontinued operations.

(C)  Tax benefits resulting from the resolution of previous years’ tax items. These tax benefits related to international banking activities and has been reclassified to discontinued operations.

(D)  Provision to reflect estimated costs related to Hurricane Katrina.

43