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                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, DC 20549
                            ____________________

                                 FORM 10-Q
                            ____________________

   (X) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                            EXCHANGE ACT OF 1934

             For the quarterly period ended September 30, 1995

  ( ) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                            EXCHANGE ACT OF 1934
                For the transition period from ____ to ____
                         Commission File No. 1-6908

                    AMERICAN EXPRESS CREDIT CORPORATION
           (Exact name of registrant as specified in its charter)

             Delaware                          11-1988350
 (State or other jurisdiction of  (I.R.S. Employer Identification No.)
  incorporation or organization)

One Christina Centre, Wilmington,              19801-2919
             Delaware
 (Address of principal executive               (Zip Code)
             offices)

     Registrant's telephone number, including area code: (302) 594-3350

----------------------------------------------------------------------------
Former name, former address and former fiscal year, if changed since last
report.

THE REGISTRANT MEETS THE  CONDITIONS SET FORTH IN  GENERAL INSTRUCTION H (1)
(a) AND (b) OF FORM 10-Q  AND HAS THEREFORE OMITTED  CERTAIN ITEMS FROM THIS
REPORT IN  ACCORDANCE WITH  THE  REDUCED DISCLOSURE  FORMAT  PERMITTED UNDER
GENERAL INSTRUCTIONS H(2).

Indicate by  check mark  whether the  registrant (1)  has filed  all reports
required to be filed by Section 13 or 15  (d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or  for such shorter period that the
registrant was required to file  such reports), and (2)  has been subject to
such filing requirements for the past 90 days.   YES  _X_   NO ___

Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.

Class                                 Outstanding at November 14, 1995
----------------------------          --------------------------------
Common Stock, $.10 par value          1,504,938 shares





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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)



                                 FORM 10-Q

                                   INDEX

                                                      
                                                         Page No.
PART I.   FINANCIAL INFORMATION                          --------

          Item 1.  Financial Statements
         
                   Condensed consolidated statements
                   of income and retained earnings -
                   three and nine months ended                  
                   September 30, 1995 and 1994                3
                
                   
                   Condensed consolidated balance
                   sheets - September 30, 1995 and
                   December 31, 1994                          4

                   Condensed consolidated statements
                   of cash flows - nine months ended
                   September 30, 1995 and 1994                5

                   Notes to condensed consolidated
                   financial statements                       6

          Item 2.  Management's Discussion and
                   Analysis of Financial Condition
                   and Results of Operations                  6
                


PART II.  OTHER INFORMATION

          Item 6.  Exhibits and Reports on Form 8-K           8
         



                                    -2-










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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)


                                  PART I
Item 1.  Financial Statements

                CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                           AND RETAINED EARNINGS
                                (millions)
                                (Unaudited)

                                       
                                Three Months Ended   Nine Months Ended      
                                   September 30,       September 30,
                                  1995       1994     1995       1994
Revenues                          ----       ----     ----       ----
Revenue earned from purchased
  accounts receivable           $  408     $  287    $1,191      $879
Interest income from                            
  affiliates                        43         25       126        64
Interest income from                                   
  investments                       27         26        96        62
Other income                         2          2         6         5
                                 -----      -----     -----     -----
Total                              480        340     1,419     1,010
                                 -----      -----     -----     -----

Expenses
Interest expense - affiliates       29         24       101        57
Interest expense - other           231        171       672       464
Provision for doubtful accounts,
  net of recoveries                149         90       429       333
Other expenses                       2          2         5         6
                                 -----      -----     -----     -----
Total                              411        287     1,207       860
                                 -----      -----     -----     -----

Income before taxes                 69         53       212       150
Income tax provision                24         18        74        52
                                 -----      -----     -----     -----
Net income                          45         35       138        98

Retained earnings at        
  beginning of period            1,664      1,595     1,571     1,532
                                 -----      -----     -----     -----
Retained earnings at end 
  of period                     $1,709     $1,630    $1,709    $1,630
                                 =====      =====     =====     =====

         
         See notes to condensed consolidated financial statements.


                                    -3-
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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)





                   CONDENSED CONSOLIDATED BALANCE SHEETS
                                (millions)

                                   (Unaudited)
                                  September 30,     December 31,
                                       1995             1994
Assets                            -------------     ------------
Cash and cash equivalents           $ 1,493           $   460
                                  
Accounts receivable                  14,852            14,020
 Less:  reserve for doubtful  
        accounts                        569               498
                                    -------           -------
                                     14,283            13,522

Loans and deposits with 
  affiliates                          2,850             2,650
Deferred charges and other assets       314               236
                                    -------           -------
Total assets                        $18,940           $16,868
                                    =======           =======

Liabilities and shareholder's equity
Short-term debt with affiliates     $   887           $ 1,127
Short-term debt - other              12,663            10,398
Current portion of long-term 
  debt - other                          170               405
Long-term debt with affiliate           910               910
Long-term debt - other                1,706             1,372
                                    -------           -------
Total debt                           16,336            14,212

Due to affiliates                       516               707
Accrued interest and other     
  liabilities                           133               121
                                    -------           -------
Total liabilities                    16,985            15,040
                                    -------           -------

Deferred discount revenue                84                95
                                    -------           -------
Shareholder's equity:
     Common stock                         1                 1
     Capital surplus                    161               161
     Retained earnings                1,709             1,571
                                    -------           -------
Total shareholder's equity            1,871             1,733
                                    -------           -------
Total liabilities and   
  shareholder's equity              $18,940           $16,868
                                    =======           =======

         See notes to condensed consolidated financial statements.




                                     -4-
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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)



              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                (millions)
                                (Unaudited)

                                                 Nine Months Ended
                                                   September 30,
                                                ------------------
                                                  1995        1994
                                                  ----        ----
Cash Flows from Operating Activities:
Net income                                      $  138      $   98
Adjustments to reconcile net income to net
 cash and cash equivalents provided by
 operating activities:
 Provision for doubtful accounts, net of     
   recoveries                                      429         333
 Amortization of deferred underwriting fees                    
   and bond discount/premium                         1           1
 Changes in operating assets and liabilities:
   Increase in deferred tax assets                 (15)        (14)
   Increase in interest receivable and other      
     operating assets                              (50)         (7)
   Increase in accrued interest and other     
     liabilities                                     1           1
   Increase in due to affiliates                    31          13
   Decrease in deferred discount revenue           (11)         (2)
                                                 -----       -----
Net cash provided by operating activities          524         423
                                                 -----       -----

Cash Flows from Investing Activities:
Increase in accounts receivable                 (1,261)       (551)
Sale of net accounts receivable to an               
  affiliate                                          -       1,192
Purchase of participation interest in seller's  
  interest in accounts receivable from an        
  affiliate                                          -      (1,170)
Sale of participation in seller's interest in   
  accounts receivable to an affiliate                -         920
Purchase of net secured receivables from 
  an affiliate                                       -         (85)
Recoveries of accounts receivable previously    
  written off                                      124         132
Increase in loans and deposits with affiliate     (200)          -
Decrease in due to affiliates from purchased  
  receivables                                     (239)       (887)
                                                 -----       -----
Net cash used in investing activities           (1,576)       (449)
                                                 -----       -----


Cash Flows from Financing Activities:
Net (decrease) increase in short-term debt
  with affiliates with maturity less than   
  ninety days                                     (240)        412
Net (decrease) increase in short-term debt -
  other with maturity less than ninety days     (5,353)      5,630
Proceeds from issuance of debt                  14,033       2,044
Repayment of debt                               (6,355)     (5,624)
                                                 -----       -----
Net cash provided by financing activities        2,085       2,462
                                                 -----       -----
Net increase in cash and cash equivalents        1,033       2,436
Cash and cash equivalents at beginning of                     
  period                                           460         257
                                                 -----       -----
Cash and cash equivalents at end of period      $1,493      $2,693
                                                 =====       =====


         See notes to condensed consolidated financial statements.

                                     -5-

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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)




NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1. The condensed  consolidated  financial  statements  should  be  read  in
   conjunction  with  the   Annual  Report   of  American   Express  Credit
   Corporation, including its  subsidiaries where appropriate,  (``Credco'')
   on Form 10-K for the year  ended December 31, 1994.   Certain prior year
   amounts  have  been  reclassified  to  conform  to  the  current  year's
   presentation.   Significant accounting  policies disclosed  therein have
   not changed.
  
   The condensed consolidated financial statements  are unaudited; however,  
   in the opinion of  management, they include all  adjustments (consisting
   of normal recurring  adjustments) necessary for  a fair  presentation of
   the consolidated financial position of Credco at  September 30, 1995 and
   the consolidated results of  its operations and changes  in its retained
   earnings for the three-and  nine-month periods ended  September 30, 1995
   and 1994 and cash flows  for the nine-month periods  ended September 30,
   1995 and 1994.  Results  of operations reported for  interim periods are
   not necessarily indicative of results for the entire year.
  
2. In June and August  1995, Credco issued  long-term senior notes  of $250
   million at 6 3/4 percent due  June 1, 2001 and 6 1/2  percent due August
   1, 2000, respectively.

3. For the nine-month  periods ended  September 30,  1995 and 1994, Credco 
   paid $869 million  and $539 million  of interest, respectively.   Income
   taxes paid for each of  the nine-month periods ended  September 30, 1995
   and 1994 were $103 million and $55 million, respectively.


Item 2.   Management's Discussion and Analysis of
          Financial Condition and Results of Operations

Liquidity and Capital Resources

During the first nine months of 1995, Credco issued long-term senior notes
of $250 million at 6 3/4 percent due 2001 and $250 million at 6 1/2 percent
due 2000, the proceeds of which were used to reduce short-term debt.  At 
September 30, 1995, Credco had $310 million of debt securities which may be 
issued under a shelf registration statement filed with the Securities and 
Exchange Commission.  In September 1995, Credco filed a shelf registration 
with the Securities and Exchange Commission to register an additional 
$1 billion of debt securities.


Results of Operations

Credco purchases  Cardmember  receivables without  recourse  from  American
Express Travel Related  Services Company, Inc.  ("TRS") or its  subsidiaries.
Non-interest-bearing Cardmember receivables  are purchased  at face  amount
less a specified  discount agreed  upon from  time to  time, and  interest-
bearing Cardmember  receivables are  generally  purchased at  face  amount.
Non-interest-bearing receivables are purchased under Receivables Agreements
that generally provide  that the discount  rate shall not  be lower than  a
rate that yields earnings of at least 1.25 times fixed charges on an annual
basis.  The ratio of  earnings to fixed charges  for the nine months  ended
September 30, 1995 and 1994 was 1.27 and

                                    -6-

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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)



1.29, respectively.  The  ratio of earnings to  fixed charges for  American
Express Company,  the parent  of  TRS, for  the  nine-month  periods  ended
September 30,  1995  and  1994  was  1.87  and  1.94,  respectively.    The
Receivables Agreements also provide that  consideration will be given  from
time to time to revising the  discount rate applicable to purchases of  new
receivables  to  reflect  changes  in   money  market  interest  rates   or
significant changes in  the collectibility of  receivables.  Pretax  income
depends primarily on  the volume of  Cardmember receivables purchased,  the
discount rates applicable  thereto, the relationship  of total discount  to
Credco's  interest  expense  and  the  collectibility  of  the  receivables
purchased.

Credco purchased $30.7 billion and $27.0 billion of Cardmember  receivables
during  the  three-month  periods  ended  September  30,  1995  and   1994,
respectively and for the  nine-month periods ended  September 30, 1995  and
1994 purchased $87.8 billion and $80.5 billion, respectively.  At September
30, 1995  and December  31,  1994, Credco  owned  $13.3 billion  and  $12.6
billion, respectively, of non-interest-bearing  receivables.  At  September
30, 1995 and December  31, 1994, non-interest-bearing receivables  included
$1.6  billion  and  $2.2  billion,  respectively,  of  gross  participation
interests in seller's interests in non-securitized receivables retained  by
an unconsolidated affiliate of Credco pursuant to TRS's asset securitization
program.  In addition, at September 30, 1995 and December 31, 1994,  Credco
owned extended  payment plan  receivables totaling  $1.6 billion  and  $1.5
billion, respectively.

For each of the nine-month periods  ended September 30, 1995 and 1994,  the
average life of Cardmember receivables owned by Credco was 43 days.

Credco's write-offs, net of  recoveries, as a percentage  of the volume  of
Cardmember receivables purchased for both  of the nine-month periods  ended
September 30, 1995 and 1994 was .42 percent.

The following is an analysis of the increase (decrease) in key revenue and
expense  accounts  for  the  three-month  and   nine-month  periods  ended
September 30, 1995, compared  with the three-month and  nine-month periods
ended September 30, 1994 (in millions):


                                                      three    nine
                                                      month    month
                                                      period   period 
                                                      ------   ------
Revenue earned from purchased accounts receivable-   
changes attributable to:
  Volume of receivables purchased                      $ 52     $ 94
  Discount and interest rates                            69      218
                                                       ----     ----
     Total                                             $121     $312
                                                       ====     ====
Interest income from affiliates - changes
  attributable to:
    Volume of average investments outstanding          $ 10     $ 23
    Interest rates                                        8       39
                                                       ----     ----
       Total                                           $ 18     $ 62 
                                                       ====     ====

                                   -7-

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                    AMERICAN EXPRESS CREDIT CORPORATION
              (a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)

Interest income from investments - changes
  attributable to:
    Volume of average investments outstanding          $ (4)    $  3
    Interest rates                                        5       31
                                                       ----     ----
       Total                                           $  1     $ 34   
                                                       ====     ====

Interest expense (affiliates) - changes attributable
  to:
    Volume of average debt outstanding                 $  1     $ 15
    Interest rates                                        4       29
                                                       ----     ----
       Total                                           $  5     $ 44
                                                       ====     ====

Interest expense (other) - changes attributable to:
    Volume of average debt outstanding                 $ 21     $ 49
    Interest rates                                       39      159
                                                       ----     ----
       Total                                           $ 60     $208
                                                       ====     ====

Provision for doubtful accounts - changes
attributable to:
    Volume of receivables purchased                    $ 20     $ 43
    Provision rates and volume of recoveries             39       53
                                                       ----     ----
       Total                                           $ 59     $ 96
                                                       ====     ====


                       PART II.  OTHER INFORMATION

Item 6.        Exhibits and Reports on Form 8-K

               (a)  Exhibits:          

                    12.1  Computation in support of ratio of earnings to
                          fixed charges of American Express Credit Corporation.
                    

                    12.2  Computation in support of ratio of earnings to
                          fixed charges of American Express Company.
                          (Incorporated by reference to Exhibit 12.1 of 
                          the American Express Company Form 10-Q for the 
                          quarter ended September 30, 1995).

                    27.   Financial data schedule.

               (b)  Reports on Form 8-K

                    None.
                                   -8-
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                    AMERICAN EXPRESS CREDIT CORPORATION
              ( a wholly-owned subsidiary of American Express
                  Travel Related Services Company, Inc.)









                                SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                    AMERICAN EXPRESS CREDIT CORPORATION
                               (REGISTRANT)

DATE      November 14, 1995   /s/Vincent P. Lisanke
                              -----------------------------------
                              Vincent P.  Lisanke
                              (President, Chief Executive Officer
                              and Chief Accounting Officer)



                               EXHIBIT INDEX

                  Pursuant to Item 601 of Regulation S-K

                   Description                        How Filed
                   -----------                        ---------
Exhibit 12.1  Computation in support of       Electronically filed herewith.
              ratio of earnings to fixed
              charges of American Express 
              Credit Corporation.

Exhibit 12.2  Computation in support of       Incorporated by reference to
              ratio of earnings to fixed      Exhibit 12.1 of the American
              charges of American Express     Express  Company Form 10-Q
              Company.                        for the quarter ended 
                                              September 30, 1995.

Exhibit 27.   Financial data schedule.        Electronically filed herewith.





                                   -9-




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