EXHIBIT 12

AMERICAN EXPRESS COMPANY
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)

		Years Ended
		December 31,				Years Ended December 31,
2010						2009				2008				2007				2006
Earnings:
Pretax income from continuing operations		$	5,964			$	2,841			$	3,581			$	5,694			$	5,152
Interest expense			2,423				2,208				3,628				4,525				3,258
Other adjustments			126				129				144				143				139
Total earnings(a)		$	8,513			$	5,178			$	7,353			$	10,362			$	8,549
Fixed charges:
Interest expense		$	2,423			$	2,208			$	3,628			$	4,525			$	3,258
Other adjustments			85				121				114				106				106
Total fixed charges(b)		$	2,508			$	2,329			$	3,742			$	4,631			$	3,364
Ratio of earnings to fixed charges(a/b)			3.39				2.22				1.96				2.24				2.54

Included in interest expense in the above computation is interest expense related to the cardmember lending activities, international banking operations, and charge card and other activities in the Consolidated Statements of Income. Interest expense does not include interest on liabilities recorded under GAAP governing accounting for uncertainty in income taxes. The Company’s policy is to classify such interest in income tax provision in the Consolidated Statements of Income.

For purposes of the “earnings” computation, “other adjustments” include adding the amortization of capitalized interest, the net loss of affiliates accounted for under the equity method whose debt is not guaranteed by the Company, the noncontrolling interest in the earnings of majority-owned subsidiaries with fixed charges, and the interest component of rental expense, and subtracting undistributed net income of affiliates accounted for under the equity method.

For purposes of the “fixed charges” computation, “other adjustments” include capitalized interest costs and the interest component of rental expense.