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, |  
|                                         |  |                                     |       |                          |  
|                                         |  | 2009                                |       | 2008                     |   | 2007  |  | 2006 |        | 2005 |  
|                                         |  |                                     |       |                          |   |       |  |      |        |      |  
|Earnings:                                |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Pretax income from continuing operations |  | $                                   | 1,880 |                          | $ | 3,581 |  | $    | 5,694  |      | $ | 5,152 |  | $ | 3,979 | 
|Interest expense                         |  |                                     | 1,645 |                          |   | 3,628 |  |      | 4,525  |      |   | 3,258 |  |   | 2,415 | 
|Other adjustments                        |  |                                     | 85    |                          |   | 144   |  |      | 143    |      |   | 139   |  |   | 150   | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Total earnings (a)                       |  | $                                   | 3,610 |                          | $ | 7,353 |  | $    | 10,362 |      | $ | 8,549 |  | $ | 6,544 | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Fixed charges:                           |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Interest expense                         |  | $                                   | 1,645 |                          | $ | 3,628 |  | $    | 4,525  |      | $ | 3,258 |  | $ | 2,415 | 
|Other adjustments                        |  |                                     | 79    |                          |   | 114   |  |      | 106    |      |   | 106   |  |   | 151   | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Total fixed charges (b)                  |  | $                                   | 1,724 |                          | $ | 3,742 |  | $    | 4,631  |      | $ | 3,364 |  | $ | 2,566 | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|                                         |  |                                     |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Ratio of earnings to fixed charges (a/b) |  |                                     | 2.09  |                          |   | 1.96  |  |      | 2.24   |      |   | 2.54  |  |   | 2.55  | 

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
in accordance with GAAP governing unrecognized tax benefits.
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 American
Express, the non-controlling 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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