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

|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|------------------------------------------ |  | -------------------------- | ----- | ---- | - | ----- |  | ---- | ----- | ---- | - | ----- |  | - | ----- | 
|                                           |  | Years
  Ended December 31, |      
|                                           |  |                            |      
|                                           |  | 2006                       |       | 2005 |   | 2004  |  | 2003 |       | 2002 |  
|                                           |  |                            |       |      |   |       |  |      |       |      |  
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Earnings:                                  |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Pretax income
  from continuing operations |  | $                          | 5,328 |      | $ | 4,248 |  | $    | 3,831 |      | $ | 3,415 |  | $ | 3,021 | 
|Interest expense                           |  |                            | 2,880 |      |   | 2,168 |  |      | 1,659 |      |   | 1,606 |  |   | 1,832 | 
|Other
  adjustments                        |  |                            | 139   |      |   | 150   |  |      | 151   |      |   | 154   |  |   | 174   | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Total earnings
  (a)                       |  | $                          | 8,347 |      | $ | 6,566 |  | $    | 5,641 |      | $ | 5,175 |  | $ | 5,027 | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Fixed charges:                             |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Interest expense                           |  | $                          | 2,880 |      | $ | 2,168 |  | $    | 1,659 |      | $ | 1,606 |  | $ | 1,832 | 
|Other
  adjustments                        |  |                            | 106   |      |   | 151   |  |      | 145   |      |   | 139   |  |   | 151   | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Total fixed
  charges (b)                  |  | $                          | 2,986 |      | $ | 2,319 |  | $    | 1,804 |      | $ | 1,745 |  | $ | 1,983 | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Ratio of
  earnings to fixed charges (a/b) |  |                            | 2.80  |      |   | 2.83  |  |      | 3.13  |      |   | 2.97  |  |   | 2.54  | 
|                                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 

Included in interest expense
in the above computation is interest expense related to the international
banking operations of American Express Company (American Express) and Travel
Related Services cardmember lending activities, which is netted against other
investment income, net of interest and cardmember lending net finance charge
revenue, net of interest, respectively, 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 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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