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

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|---------------------------------------- |  | -------------------------- | ----- | ---- | - | ----- |  | ---- | ----- | ---- | - | ----- |  | - | ----- | 
|                                         |  | Years
  Ended December 31, |      
|                                         |  |                            |      
|                                         |  | 2005                       |       | 2004 |   | 2003  |  | 2002 |       | 2001 |  
|                                         |  |                            |       |      |   |       |  |      |       |      |  
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Earnings:                                |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Pretax income from continuing
operations |  | $                          | 4,248 |      | $ | 3,831 |  | $    | 3,415 |      | $ | 3,021 |  | $ | 1,737 | 
|Interest expense                         |  |                            | 2,168 |      |   | 1,659 |  |      | 1,606 |      |   | 1,832 |  |   | 2,856 | 
|Other adjustments                        |  |                            | 150   |      |   | 151   |  |      | 154   |      |   | 174   |  |   | 175   | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Total earnings (a)                       |  | $                          | 6,566 |      | $ | 5,641 |  | $    | 5,175 |      | $ | 5,027 |  | $ | 4,768 | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Fixed charges:                           |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Interest expense                         |  | $                          | 2,168 |      | $ | 1,659 |  | $    | 1,606 |      | $ | 1,832 |  | $ | 2,856 | 
|Other adjustments                        |  |                            | 151   |      |   | 145   |  |      | 139   |      |   | 151   |  |   | 170   | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Total fixed charges
(b)                  |  | $                          | 2,319 |      | $ | 1,804 |  | $    | 1,745 |      | $ | 1,983 |  | $ | 3,026 | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|                                         |  |                            |       |      |   |       |  |      |       |      |   |       |  |   |       | 
|Ratio of earnings to fixed
charges (a/b) |  |                            | 2.83  |      |   | 3.13  |  |      | 2.97  |      |   | 2.54  |  |   | 1.58  | 
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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 net
investment income and cardmember lending net finance charge revenue,
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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