EXHIBIT 15.1
May 29, 1998
The Shareholders and Board of Directors
American Express Company
We are aware of the incorporation by reference in the Registration Statement on
Form S-3 and related Prospectus of American Express Company (the "Company"),
American Express Company Capital Trust I and American Express Company Capital
Trust II for the registration of $500 million of Junior Subordinated Deferrable
Interest Debentures of the Company and Capital Securities of American Express
Company Capital Trust I and American Express Company Capital Trust II guaranteed
by the Company of our report dated May 14, 1998, relating to the unaudited
consolidated interim financial statements of the Company which are included in
its Form 10-Q for the quarter ended March 31, 1998.
Pursuant to Rule 436(c) of the Securities Act of 1933, our report is not a part
of the Registration Statement prepared or certified by accountants within the
meaning of Section 7 or 11 of the Securities Act of 1933.
New York, New York /s/ Ernst & Young LLP
May 29, 1998