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

|                                          |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|----------------------------------------- |  | ------------------------------- | ----- | ------------------------ | - | ----- |  | ---- | ------ | ---- | - | ----- |  | - | ----- | 
|                                          |  | Three Months
 Ended 
 March 31, |       | Years Ended December 31,
|                                          |  |                                 |       |                         
|                                          |  | 2009                            |       | 2008                     |   | 2007  |  | 2006 |        | 2005 |  
|                                          |  |                                 |       |                          |  
|Earnings:                                 |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Pretax
 income from continuing operations |  | $                               | 544   |                          | $ | 3,581 |  | $    | 5,694  |      | $ | 5,152 |  | $ | 3,979 | 
|Interest
 expense                         |  |                                 | 556   |                          |   | 3,628 |  |      | 4,525  |      |   | 3,258 |  |   | 2,415 | 
|Other
 adjustments                        |  |                                 | 28    |                          |   | 144   |  |      | 143    |      |   | 139   |  |   | 150   | 
|                                          |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Total
 earnings (a)                       |  | $                               | 1,128 |                          | $ | 7,353 |  | $    | 10,362 |      | $ | 8,549 |  | $ | 6,544 | 
|                                          |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|                                         
|Fixed
 charges:                           |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Interest expense                          |  | $                               | 556   |                          | $ | 3,628 |  | $    | 4,525  |      | $ | 3,258 |  | $ | 2,415 | 
|Other adjustments                         |  |                                 | 24    |                          |   | 114   |  |      | 106    |      |   | 106   |  |   | 151   | 
|                                          |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|Total fixed
 charges (b)                  |  | $                               | 580   |                          | $ | 3,742 |  | $    | 4,631  |      | $ | 3,364 |  | $ | 2,566 | 
|                                          |  |                                 |       |                          |   |       |  |      |        |      |   |       |  |   |       | 
|                                         
|Ratio of
 earnings to fixed charges (a/b) |  |                                 | 1.94  |                          |   | 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 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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