EXHIBIT 99.1



                          ANNUAL SERVICER'S CERTIFICATE

                             AMERICAN EXPRESS TRAVEL
                         RELATED SERVICES COMPANY, INC.


                          AMERICAN EXPRESS MASTER TRUST
                          -----------------------------

The  undersigned,  a duly authorized  representative  of American Express Travel
Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Amended and
Restated  Master  Pooling and Servicing  Agreement,  dated as of May 1, 1998, as
amended by the First  Amendment to the Amended and Restated  Master  Pooling and
Servicing  Agreement,  dated as of October 1, 2001 (as amended and supplemented,
the  "Agreement"),  by and among TRS, as Servicer,  American  Express  Centurion
Bank, a Utah banking  institution,  and American Express  Receivables  Financing
Corporation,  each as  Transferor,  and The Bank of New York,  as  trustee  (the
"Trustee"),  does hereby certify to the best of his knowledge  after  reasonable
investigation that:

1. TRS is as of the date hereof the Servicer  under the  Agreement.  Capitalized
terms used in this Certificate  have their respective  meanings set forth in the
Agreement.

2. The undersigned is duly  authorized  pursuant to the Agreement to execute and
deliver this Certificate to the Trustee.

3. This Certificate is delivered pursuant to Section 3.05 of the Agreement.

4. A review of the  activities  of the Servicer  during the calendar  year ended
December 31, 2002 and of its performance under the Agreement was conducted under
my supervision.

5. Based on such  review,  to the best of my  knowledge,  the Servicer has fully
performed all its obligations under the Agreement  throughout such calendar year
and no event which,  with the giving of notice or passage of time or both, would
constitute a Servicer Default has occurred and is continuing except as set forth
in paragraph 6 below.

6. The following is a description of each Servicer Default in the performance of
the Servicer's  obligations or Early  Amortization Event under the provisions of
the  Agreement  known to me to have been made  during  the  calendar  year ended
December  31,  2002,  which  set  forth in  detail  (i) the  nature of each such
Servicer  Default or Early  Amortization  Event,  (ii) the  action  taken by the
Servicer,  if any, to remedy each such  Servicer  Default or Early  Amortization
Event, and (iii) the current status of each such default: NONE.

IN WITNESS WHEREOF, the undersigned,  a duly authorized officer of the Servicer,
has duly executed this Certificate this 18th day of March, 2003.

                                             AMERICAN EXPRESS TRAVEL
                                             RELATED SERVICES COMPANY,
                                             INC., as Servicer

                                             By:    /s/  Lawrence Belmonte
                                                    --------------------------
                                             Name:  Lawrence Belmonte
                                             Title: Vice President
                                                    CSBS - Forecast & Planning