American Express Company (the "Company") is furnishing the following information under Item 7.01 - Regulation FD Disclosure:

On January 26, 2009, the Company issued its press release announcing its results for the quarter and year ended December 31, 2008, and its 2008 Fourth Quarter/Full Year Earnings Supplement. Subsequent to that date, the Company determined that adjustments were required as a result of a calculation error impacting the amount of ineffectiveness recorded for its fair value hedges. The adjustments resulted in a $108 million reduction in Other Expenses, net, and an increase of $68 million in Net Income. Net Income for the quarter and year ended December 31, 2008, was $240 million and $2.70 billion, respectively, compared to the $172 million and $2.63 billion, respectively, announced on January 26th. Earnings Per Share - Diluted for the quarter and year ended December 31, 2008, increased to $0.21 and $2.33, respectively, from $0.15 and $2.27, respectively.

Changes to previously announced segment income (loss) affected by these adjustments described above are as follows:

     ------------------------- ----------------------- -------------------
     (Millions)
                                      Segment               Segment
                                      Income (Loss) -       Income (Loss) -
                                 Previously Announced     As Adjusted
     ------------------------- ----------------------- -------------------
     Three months
     ended 12/31/2008
     ------------------------- ----------------------- -------------------
     U.S. Card Services                 $4                    $64
     ------------------------- ----------------------- -------------------
     Global Commercial                $(18)                   $(7)
     Services
     ------------------------- ----------------------- -------------------
     Year ended 12/31/2008
     ------------------------- ----------------------- -------------------
     U.S. Card Services               $792                   $852
     ------------------------- ----------------------- -------------------
     Global Commercial                $494                   $505
     Services
     ------------------------- ----------------------- -------------------

In addition to the impacts on the two reporting segments shown above, the Corporate segment net income decreased by approximately $2 million.

The adjustments discussed above have been reflected in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, which was filed with the Securities and Exchange Commission on February 27, 2009.