UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                         Washington, DC 20549
                         ____________________

                               FORM 10-Q/A
                         ____________________

                              Amendment No. 1

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

                   For the quarterly period ended June 30, 1999

                                     OR

     ( ) 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, 301 North Walnut Street     19801-2919
     Suite 1002, Wilmington, Delaware             (Zip Code)
 (Address of principal executive 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 August 16, 1999
-----                                   ------------------------------

Common Stock, $.10 par value            1,504,938 shares


<PAGE>



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


  This amendment is being filed to amend Exhibit 27 to reflect the correct
period for the Condensed Consolidated Statement of Income.





                               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:             August 25, 1999       /s/Walker C. Tompkins, Jr.
                                        --------------------------
                                        Walker C. Tompkins, Jr.
                                        (President, Chief Executive Officer)


                                        /s/Erich Komdat
                                        ---------------
                                        Erich Komdat
                                        (Vice President, Chief Accounting
                                        Officer)





                            EXHIBIT INDEX

                 Pursuant to Item 601 of Regulation S-K


                     Description
                     -----------
Exhibit 27.   Financial data schedule, as amended.