EXHIBIT 12.2
AMERICAN EXPRESS COMPANY
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)

|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|----------------------------------------- |  | ------------- | ----- | ------------------------ | - | ------ |  | ---- | ----- | ---- | - | ----- |  | - | ------ | 
|                                          |  | Nine Months   |       |                          |  
|                                          |  | Ended         |       |                          |  
|                                          |  | September 30, |       | Years Ended December 31, |  
|                                          |  |               |       |                          |  
|                                          |  | 2008          |       | 2007                     |   | 2006   |  | 2005 |       | 2004 |  
|                                          |  |               |       |                          |   |        |  |      |       |      |  
|Earnings:                                 |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Pretax
 income from continuing operations |  | $             | 3,313 |                          | $ | 5,694  |  | $    | 5,152 |      | $ | 3,979 |  | $ | 3, 610 | 
|Interest
 expense                         |  |               | 2,691 |                          |   | 4,370  |  |      | 3,132 |      |   | 2,324 |  |   | 1,830  | 
|Other
 adjustments                        |  |               | 111   |                          |   | 143    |  |      | 139   |      |   | 150   |  |   | 151    | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Total
 earnings (a)                       |  | $             | 6,115 |                          | $ | 10,207 |  | $    | 8,423 |      | $ | 6,453 |  | $ | 5,591  | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Fixed
 charges:                           |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Interest
 expense                         |  | $             | 2,691 |                          | $ | 4,370  |  | $    | 3,132 |      | $ | 2,324 |  | $ | 1,830  | 
|Other
 adjustments                        |  |               | 85    |                          |   | 106    |  |      | 106   |      |   | 151   |  |   | 145    | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Total fixed
 charges (b)                  |  | $             | 2,776 |                          | $ | 4,476  |  | $    | 3,238 |      | $ | 2,475 |  | $ | 1,975  | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|                                          |  |               |       |                          |   |        |  |      |       |      |   |       |  |   |        | 
|Ratio of
 earnings to fixed charges (a/b) |  |               | 2.20  |                          |   | 2.28   |  |      | 2.60  |      |   | 2.61  |  |   | 2.83   | 

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 Financial Accounting Standards Board (FASB) Financial
Interpretation No. 48, Accounting for Uncertainty in Income Taxes  an
interpretation of FASB Statement No. 109. American Express 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 minority 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.

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