American Express Company (the "Company") is hereby furnishing below owned and managed basis delinquency and write-off statistics for the lending portfolio of its U.S. Card Services ("USCS") operating segment, for the months ended February 28, March 31 and April 30, 2009. As previously stated in its reports filed with the Securities and Exchange Commission (the "Commission"), the Company believes that its managed basis presentation provides the Company's investors with a more comprehensive portrayal of the key dynamics of the Company's U.S. cardmember lending business over time. The results reported below for April 2009 are consistent with the Company's estimate that the U.S. lending write-off rate on a managed basis for the second quarter of 2009 is expected to increase between 200 and 250 basis points over the first quarter rate of 8.5%, which estimate the Company previously reported in its Quarterly Report on Form 10-Q for the three months ended March 31, 2009.

                           AMERICAN EXPRESS COMPANY
                              U.S. CARD SERVICES
                     DELINQUENCY AND WRITE-OFF STATISTICS
As of and for the months ended February 28, March 31 and April 30, 2009

(Billions, except percentages)


                                                    Feb. 28,         Mar. 31,           Apr. 30,
                                                       2009             2009               2009
                                                    ---------         --------         ----------
Cardmember lending - owned basis (A):
  Total loans                                         $29.5            $28.2             $27.1
  30 days past due loans as a % of total                5.3%             5.1%              4.9%
  Average loans                                       $29.9            $28.9             $27.7
  Net write-off rate                                    8.7%             8.6%(C)          10.4%

Cardmember lending - managed basis (B):
  Total loans                                         $57.8            $56.5             $55.4
  30 days past due loans as a % of total                5.3%             5.1%              4.9%
  Average loans                                       $58.6            $57.1             $55.9
  Net write-off rate                                    8.6%             8.8%(C)          10.1%

(A) "Owned," a GAAP basis measurement, reflects only cardmember loans included in the Company's consolidated balance sheets.

(B) 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. The difference between the "owned basis" (GAAP) information and "managed basis" information is attributable to the effects of securitization activities. 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 and that use of a managed basis presentation presents a more comprehensive portrayal of the key dynamics of the cardmember lending business over time.

(C) During March 2009 the Company sold to third parties certain cardmember loans that had been previously written-off. The net write-off rates reported above for March 2009 reflect the benefit of the sale proceeds being treated as a partial recovery of such previously written-off balances.

Set forth below is certain information regarding the credit performance of the Lending Trust for its three most recent monthly reporting periods, as reported in its Form 10-D report filed with respect to each such period.

                 AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
(Billions, except percentages)

                                    Jan. 26, 2009     Feb. 25, 2009   Mar. 27, 2009
                                    through           through         through
                                    Feb. 24, 2009     Mar. 26, 2009   Apr. 26, 2009
                                    -------------     -------------   -------------
Ending total principal balance         $37.2             $36.0           $35.5
Defaulted amount,
   net of recoveries                   $ 0.3             $ 0.3           $ 0.3
Annualized default rate,
   net of recoveries                     9.3%              9.7%            9.9%
Total 30+ Days delinquent              $ 2.0             $ 1.9           $ 1.8

This report includes forward-looking statements, which are subject to risks and uncertainties. Forward-looking statements contain words such as "believe," "expect," "anticipate," "optimistic," "intend," "plan," "aim," "will," "may," "should," "could," "would," "likely" and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: fluctuations in card lending balances, which depend in part on the economic environment; the Company's ability to manage credit risk related to consumer and small business loans and other credit trends, which will depend in part on the economic environment, including, among other things, the housing market, the rates of bankruptcies and unemployment, which can affect spending on card products and debt payments by individuals and small business customers, and on the effectiveness of the Company's credit models; the Company's write-off rates for May and June 2009, which will depend in part on changes in the level of the Company's loan balances, delinquency rates of cardmembers and unemployment and bankruptcy rates; and the impact of the Company's efforts to deal with delinquent cardmembers in the current challenging economic environment, which may affect payment patterns of cardmembers. A further description of these and other risks and uncertainties can be found in the Company's Annual Report on Form 10-K for the year ended December 31, 2008, its Quarterly Report on Form 10-Q for the three months ended March 31, 2009, and the Company's other reports filed with the SEC.