EXHIBIT 12.2
COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES
AMERICAN EXPRESS COMPANY

|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|----------------------------------------- |  | ------------------------ | ----- | ---- | - | ----- |  | ---- | ------ | ---- | - | ----- |  | - | ----- | 
|                                          |  | Years Ended December 31, |      
|                                          |  |                          |      
|(Dollars
 in Millions)                    |  | 2009                     |       | 2008 |   | 2007  |  | 2006 |        | 2005 |  
|                                          |  |                          |       |      |   |       |  |      |        |      |  
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Earnings:                                 |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Pretax income
 from continuing operations |  | $                        | 2,841 |      | $ | 3,581 |  | $    | 5,694  |      | $ | 5,152 |  | $ | 3,979 | 
|Interest expense                          |  |                          | 2,208 |      |   | 3,628 |  |      | 4,525  |      |   | 3,258 |  |   | 2,415 | 
|Other
 adjustments                        |  |                          | 129   |      |   | 144   |  |      | 143    |      |   | 139   |  |   | 150   | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Total earnings
 (a)                       |  | $                        | 5,178 |      | $ | 7,353 |  | $    | 10,362 |      | $ | 8,549 |  | $ | 6,544 | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Fixed charges:                            |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Interest expense                          |  | $                        | 2,208 |      | $ | 3,628 |  | $    | 4,525  |      | $ | 3,258 |  | $ | 2,415 | 
|Other
 adjustments                        |  |                          | 121   |      |   | 114   |  |      | 106    |      |   | 106   |  |   | 151   | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Total fixed
 charges (b)                  |  | $                        | 2,329 |      | $ | 3,742 |  | $    | 4,631  |      | $ | 3,364 |  | $ | 2,566 | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|                                          |  |                          |       |      |   |       |  |      |        |      |   |       |  |   |       | 
|Ratio of
 earnings to fixed charges (a/b) |  |                          | 2.22  |      |   | 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 GAAP governing accounting for
uncertainty in income taxes as 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 noncontrolling 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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