EXHIBIT 20.1




                             Payment Date Statement
             American Express Travel Related Services Company, Inc.


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                          American Express Master Trust

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                 Class A Accounts Receivable Trust Certificates



The  undersigned,  a duly authorized  representative  of American Express Travel
Related Services Company,  Inc. ("TRS"), as Servicer pursuant to the Amended and
Restated Master Pooling and Servicing Agreement, dated as of April 16, 2004, and
as  supplemented by the Series 2002-2  Supplement,  dated as of January 18, 2002
(as  amended  and  supplemented,   the  "Agreement"),   among  American  Express
Receivables  Financing  Corporation  ("RFC"),  American  Express  Centurion Bank
("AECB"),  and American  Express  Bank,  FSB ("FSB"),  as  Transferors,  TRS, as
Servicer,  and the  Bank of New  York,  as  Trustee,  does  hereby  certify  the
information set forth below.

1.   Capitalized terms used in this Payment Date Statement have their respective
     meanings as set forth in the  Agreement.  This  Payment  Date  Statement is
     delivered  pursuant to Section 5.02 of the Agreement.  References herein to
     certain sections and subsections are references to the respective  sections
     and subsections in the Agreement.

2.   TRS is Servicer under the Agreement.

3.   The undersigned is Servicing Officer.

4.   The "Record Date" referred to herein is January 31, 2005.
                                             -----------------

     Information  Regarding the Current Interest  Payment Date,  Special Payment
     Date or Expected  Final Payment Date to Class A Certificate  holders (Also,
     stated on the Basis of $1,000 Original Certificate Principal Amount).





1.   Total Class A distributions                                $1,967,777.78
                                                            -----------------
2.   Class A principal distributions                                    $0.00
                                                            -----------------
3.   Class A interest distributions                             $1,967,777.78
                                                            -----------------
4.   Excess of Class A principal balance over Class A
     Invested Amount as of the Record Date                              $0.00
                                                            -----------------
5.   Class  A  Invested  Amount  as  of  the  Record Date/
     Class  A  Initial Invested  Amount (determined  after
     taking  into  account  any  increase  or  decrease in
     the Invested Amount which will occur upon the current
     distribution)                                          $1,000,000,000.00
                                                            -----------------


     Attached hereto is the Monthly  Servicer's  Certificate for the related Due
Period.

     IN WITNESS WHEREOF, the undersigned have caused this Payment Date Statement
to be duly executed and delivered by its respective duly  authorized  officer on
this 8th day of February, 2005.


                                   AMERICAN EXPRESS TRAVEL RELATED
                                   SERVICES COMPANY, INC.
                                   as Servicer

                                   By:    /s/ John Koslow
                                          ------------------------
                                   Name:  John Koslow
                                   Title: Vice President