Dividend Declaration

    American Express Announces Increase in Quarterly Dividend 
 
    NEW YORK, May 22 -- The board of directors of American Express Company today 
approved a $0.02 or 25 percent increase in the quarterly dividend on the 
company's common stock to $0.10 a share from $0.08 a share, payable August 8, 
2003 to shareholders of record on July 3, 2003. 
    Kenneth I. Chenault, Chairman and Chief Executive Officer, said, "The 
steps we've taken over the last two years to reduce expenses, strengthen our 
risk profile and increase investments in growth initiatives have allowed us to 
deliver solid and consistent earnings results.  The dividend increase we are 
announcing today reflects the strong overall competitive position of our 
business and our solid underlying capital structure." 
    The last increase in the common stock dividend at American Express was on 
May 10, 2000, when the dividend was adjusted for a 3-to-1 stock split. 
 
    American Express Company (www.americanexpress.com), founded in 1850, is a 
global travel, financial and network services provider. 
 
SOURCE  American Express Company 
    -0-                             05/22/2003 
    /CONTACT:  Tony Mitchell of American Express Company, [phone], 
[e-mail]/ 
    /FCMN Contact: [e-mail] / 
    /Web site:  http://www.americanexpress.com / 
    (AXP) 
 

 
 







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