<PAGE>
<PAGE>                                                Exhibit 99.1

                     ANNUAL SERVICER'S CERTIFICATE

                        AMERICAN EXPRESS TRAVEL
                    RELATED SERVICES COMPANY, INC.

               ----------------------------------------
                     AMERICAN EXPRESS MASTER TRUST
               -----------------------------------------

      The undersigned, a duly authorized representative of American Express
Travel Related Services Company, Inc. ("TRS") as Servicer pursuant to the
Master Pooling and Servicing Agreement dated as of June 30, 1992, as amended,
by and among TRS, as Servicer, American Express Receivables Financing
Corporation, as Transferor and The Bank of New York, as trustee (the
"Trustee"), does hereby certify to the best of his or her knowledge after
reasonable investigation that:

      1.  TRS is as of the date hereof the Servicer under the Pooling and
Servicing Agreement.  Capitalized terms used in this Certificate have their
respective meanings set forth in the Pooling and Servicing Agreement.

      2.  The undersigned is duly authorized pursuant to the Pooling and
Servicing Agreement to execute and deliver this certificate to the Trustee.

      3.  This certificate is delivered pursuant to Section 3.05 of the Pooling
and Servicing Agreement.

      4.  A review of the activities of the Servicer during the calendar year
ended December 31, 1996 and of its performance under the Pooling and Servicing
Agreement was conducted under my supervision.

      5.  Based on such review, to the best of the undersigned's knowledge the
Servicer has fully performed all its obligations under the Pooling and
Servicing Agreement throughout such calendar year and no event which, with the
giving of notice or passage of time or both, would constitute a Servicer
Default has occurred or is continuing except as set forth in paragraph 6 below.

      6.  The following is a description of each Servicer Default in the
performance of the Servicer's obligations or Early Amortization Event under the
provisions of the Pooling and Servicing Agreement known to me to have been made
during the calendar year ended December 31, 1996, which sets forth in detail
(i) the nature of each such Servicer Default or Early Amortization Event, (ii)
the action taken by the Servicer, if any, to remedy each such Servicer Default
or early Amortization Event, and (iii) the current status of each such default:
NONE.

      IN WITNESS WHEREOF, the undersigned, a duly authorized officer of the
Servicer, has duly executed this Certificate this 22ND  day of January, 1997.



                                  By: /s/  Marianne Thomson
                                  Name:  Marianne Thomson
                                  Title: Director, TRS Financial Reporting


<PAGE>
<PAGE>
                                                        Exhibit 99.2

REPORT OF INDEPENDENT ACCOUNTANTS



American Express Travel Related Services Company, Inc.
World Financial Center
200 Vesey Street
New York, New York 10285

American Express Receivables Financing Corporation
World Financial Center
200 Vesey Street
New York, New York 10285

      and

The Bank of New York
101 Barclay Street, Floor 12E
New York, New York 10286

We have examined management's assertion that American Express Travel Related
Services Company, Inc. ("TRS"), a wholly owned subsidiary of American Express
Company ("American Express"), maintained internal control policies and
procedures over the functions performed as Servicer of the American Express
Master Trust (the "Trust") that are effective, as of December 31, 1996, in
providing reasonable assurance that Trust assets are safeguarded against loss
from unauthorized use or disposition and that transactions are executed in
accordance with management's authorization in conformity with the Master
Pooling and Servicing Agreement dated as of June 30, 1992 and the Supplements
to the Master Pooling and Servicing Agreements (Series' 1992-1, 1992-2, 1993-1,
1994-1, 1994-2, 1994-3, 1996-1 and 1996-2), among TRS as Servicer, American
Express Receivables Financing Corporation ("RFC"), as Transferor, and The Bank
of New York, as Trustee, (the "Agreements") on behalf of the Certificateholders
of the Trust, and are recorded properly to permit the preparation of the
required financial reports. This assertion is included in the accompanying
report of management titled, "Report of Management on Trust Internal Control
Policies and Procedures and Master Pooling and Servicing Agreement Compliance"
(the "Report").


Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants, and accordingly, included
obtaining an understanding of the internal control policies and procedures over
the functions performed by TRS as Servicer of the Trust, testing and evaluating
the design and operating effectiveness of the policies and procedures, and such
other procedures as we considered necessary in the circumstances. We believe
that our examination provides a reasonable basis for our opinion.

Because of inherent limitations in any internal control policy and procedure,
errors or irregularities may occur and not be detected. Also, projections of
any evaluation of the control structure policies and procedures over the
functions performed by TRS as Servicer of the Trust to future periods are
subject to the risk that the policies and procedures may become inadequate
because of changes in conditions or that the degree of compliance with the
policies or procedures may deteriorate.

In our opinion, management's assertion that TRS maintained internal control
policies and procedures over the functions performed as Servicer of the Trust
that are effective, as of December 31, 1996, in providing reasonable assurance
that Trust assets are safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance with management's
authorization in conformity with the Agreements between TRS, as Servicer, RFC,
as Transferor, and The Bank of New York, as Trustee, on behalf of the
Certificateholders of the Trust, and are recorded properly to permit the
preparation of the required financial reports, is fairly stated, in all
material respects, based upon the following criteria specified in the Report.

This report is intended solely for the information and use of the Board of
Directors and management of TRS as Servicer, RFC as Transferor, and The Bank
of New York as Trustee.  However, this report is a matter of public record, as
a result of inclusion as an exhibit to the Annual Report to Shareholders on
Form 10-K filed by RFC on behalf of the Trust, and its distribution is not
limited.



/s/ Ernst & Young LLP
March 31, 1997

<PAGE>
<PAGE>
         REPORT OF MANAGEMENT ON MASTER TRUST INTERNAL CONTROL
          POLICIES AND PROCEDURES AND POOLING AND SERVICING
                         AGREEMENT COMPLIANCE



Internal Control Policies and Procedures
----------------------------------------

American Express Travel Related Services Company, Inc. ("TRS"), which is a
wholly owned subsidiary of American Express Company, is responsible for
establishing and maintaining effective control structure policies and
procedures over the functions performed as Servicer of the American Express
Master Trust (the "Trust"). These policies and procedures are designed to
provide reasonable assurance to TRS's management and board of directors that
Trust assets are safeguarded against loss from unauthorized use or disposition
and that transactions are executed in conformity with the Master Pooling and
Servicing Agreement dated as of June 30, 1992 and the Supplements to the Master
Pooling and Servicing Agreement (Series' 1992-1, 1992-2, 1993-1, 1994-1,
1994-2, 1994-3, 1996-1 and 1996-2), among TRS as Servicer, American Express
Receivables Financing Corporation ("RFC"), as Transferor, and The Bank of New
York, as Trustee (the "Agreements") on behalf of the Certificateholders of the
Trust, and are recorded properly to permit the preparation of the required
financial reports.

There are inherent limitations in any internal control policy and procedure,
including the possibility of human error and the circumvention or overriding
of controls. Accordingly, even effective internal control policies and
procedures can provide only reasonable assurance with respect to the
achievement of any objectives of internal control. Further, because of changes
in conditions, the effectiveness of the internal control policies and
procedures may vary over time.

TRS has determined that the objectives of its control structure policies and
procedures, with respect to servicing and reporting of transferred receivables,
are to provide reasonable, but not absolute assurance that:

*     Funds collected are appropriately allocated to the Trust in accordance
      with the Agreements.

*     The addition of Accounts to the Trust are authorized in accordance with
      the Agreements.

*     The removal of Accounts from the Trust are authorized in accordance with
      the Agreements.

*     Trust assets amortizing out of the Trust are calculated in accordance
      with the Agreements.

*     Daily records as specified in the Agreements are maintained and are
      available for inspection by the Trustee upon request.

*     Monthly Servicer's Certificates are prepared and contain the required
      information in accordance with the Agreements.

*     Monthly Servicer's Certificates generated pursuant to the Agreements are
      materially correct and are derived from and reconcile to the computer
      reports which are the source of such amounts contained in the reports.

*     On an annual basis, the Servicer will deliver to the Trustee an Annual
      Servicer's Certificate.

*     The payments to the Trustee are made by the Servicer in accordance with
      the Agreements.

TRS has assessed its internal control policies and procedures over the
functions performed as Servicer of the Trust in relation to these criteria.
Based upon this assessment, TRS maintained that, as of December 31, 1996, its
internal control policies and procedures over the functions performed as
Servicer of the Trust are effective in providing reasonable assurance that
Trust assets are safeguarded against loss from unauthorized use or disposition
and the transactions are executed in accordance with management's authorization
in conformity with the Agreements among TRS, as Servicer, RFC, as Transferor,
and The Bank of New York, as Trustee, on behalf of the Certificateholders of
the Trust, and are recorded properly to permit the preparation of the required
financial reports.

Pooling and Servicing Agreement Compliance
------------------------------------------

TRS is responsible for complying with the Agreements.  TRS assessed its
compliance, as of December 31, 1996 and for the annual compliance period then
ended, with the relevant covenants and conditions identified in the Agreements.
Based upon this assessment and the delivery of the independent accountant's
letters pursuant to Section 3.06 (a) and (b) of the Agreements, TRS was in
compliance, as of December 31, 1996 and for the annual compliance period then
ended, with the relevant covenants and conditions identified in the Agreements.
In addition, TRS did not identify any instances of noncompliance in performing
the assessment.

March 31, 1997


<PAGE>
<PAGE>
      American Express Travel Related Services Company, Inc. by:



Date signed       3/25/97                  /s/ John McDonnell
                  -------                  ------------------
                                           John McDonnell
                                           Chief Financial Officer


Date signed       3/24/97                 /s/ Anthony Bonanno
                  -------                 -------------------
                                          Anthony Bonanno
                                          Vice President and Controller of
                                            the Americas


Date signed       3/20/97                 /s/ Marianne Thomson
                  -------                 --------------------
                                          Marianne Thomson
                                          Director, Financial Administration

<PAGE>
<PAGE>
                                                          Exhibit 99.3

                        Servicer's Certificate
        American Express Travel Related Services Company, Inc.
                           Annual Statement
   Relating to the Period January 1, 1996 through December 31, 1996

            ----------------------------------------------
                     American Express Master Trust
            ----------------------------------------------

     The undersigned, a duly authorized representative of American Express
     Travel Related Services Company, Inc. ("TRS"), as Servicer pursuant to
     the Master Pooling and Servicing Agreement dated as of June 30, 1992
     (as amended, the "Agreement"), as supplemented by the Series
     Supplements, amongst TRS, American Express Receivables Financing
     Corporation ("RFC"), as Transferor, and The Bank of New York, as
     Trustee, does hereby certify the information set forth below.

1.   Capitalized terms used in this Certificate have their respective meanings
     as set forth in the Agreement or Series Supplement as applicable.
     References herein to certain sections and subsections are references
     to the respective sections and subsections in the Agreement.

2.    TRS is Servicer under the Agreement.

3.    The undersigned is a Servicing Officer.

4.    This Certificate relates to the period from January 1 through
             December 31, 1996.

A.    Information Regarding the American Express Master Trust

1.    Trust Principal Component at
            January 1, 1996.....                             $6,798,670,509.75

2.    Aggregate Invested Amounts at
            January 1, 1996.....                             $2,645,502,644.00

3.    Transferor Amount at
            January 1, 1996.....                             $4,153,167,865.75

4.    Trust Principal Component at
            December 31, 1996.....                           $6,992,659,595.10

5.    Aggregate Invested Amounts at
            December 31, 1996.....                           $3,996,853,995.00

6.    Transferor Amount at
            December 31, 1996.....                           $2,995,805,600.10


B.    Information Regarding Performance of the American Express Master Trust
       Receivable Pool

1.    The aggregate Receivable balance as of

   (a) January 1, 1996 was equal to.....                     $7,008,938,669.85
   (b) December 31, 1996 was equal to.....                   $7,208,927,417.63

<PAGE>
<PAGE>
                        Servicer's Certificate
          American Express Travel Related Services Company, Inc.
      Relating to the Period January 1, 1996 through December 31, 1996

2.    The Yield Factor in effect from January 1 through
       December 31, 1996 was equal to.....                             3.0000%

3. (a)The aggregate amount of Collections on Receivables,
       exclusive of recoveries for the period January 1
       through December 31, 1996 was equal to.....          $55,397,500,620.26

3. (b)The aggregate balance of Receivables
       deposited to the Collection Account
       pursuant to Sections 2.04(d) and 3.03
       of the Agreement for the period January 1
       through December 31, 1996 was equal to.....          $            0.00

4.    The aggregate amount of Principal Collections
       for the period January 1 through December 31, 1996
       was equal to.....                                    $53,735,575,601.65

5.    The aggregate amount of Yield Collections
       for the period January 1 through December 31, 1996
       was equal to.....                                    $ 1,661,925,018.61

6.    Gross Losses
       [The aggregate amount of Receivables for all Accounts
       which became Defaulted Accounts during the period
       January 1 through December 31, 1996
       was equal to]...                                     $   348,505,317.37

7.    The aggregate amount of Recoveries
       for the period January 1 through December 31, 1996
       was equal to.....                                    $    53,577,203.65

8. (a)Net Losses [Gross Losses, less Recoveries]
       for the period January 1 through December 31, 1996
       was equal to.....                                    $   294,928,113.72

8. (b)The Default Amount [Net Losses, times
       (1 minus the Yield Factor)]
       for the period January 1 through December 31, 1996
       was equal to.....                                    $   286,080,270.31


C.    Information Regarding Performance of the American Express Master Trust
            Receivable Pool (Percentage Basis)

1.    The aggregate amount of Charge Volume and Fees
       for the period January 1 through
       December 31, 1996.....                               $55,945,994,685.41

2.    Computed yield as a percentage of Charge Volume
       and Fees [Yield Collections for the for the period
       January 1 through December 31, 1996 divided by the
       aggregate amount of Charge Volume and Fees for the
       period January 1 through December 31, 1996.....                 2.9706%

                                 -2-

<PAGE>
<PAGE>
                        Servicer's Certificate
        American Express Travel Related Services Company, Inc.
   Relating to the Period January 1, 1996 through December 31, 1996

3.    Gross Losses as a percentage of Charge Volume
       and Fees [Gross Losses, divided by the
       aggregate amount of Charge Volume and Fees for the
       period January 1 through December 31, 1996.....                 0.6229%

4.     Recovery rate [Recoveries, divided by the
       aggregate amount of Charge Volume and Fees for the
       period January 1 through December 31, 1996.....                 0.0958%

5.    Net Losses as a percentage of Charge Volume
       and Fees [Net Losses, divided by the
       aggregate amount of Charge Volume and Fees for the
       period January 1 through December 31, 1996.....                 0.5272%

6.    Computed Net Yield as a percentage of Charge Volume
       and Fees [Yield Collections less net Net Losses,
       divided by the aggregate amount of Charge Volume and
       Fees for the period January 1 through
       December 31, 1996.....                                          2.4434%

7.    Mean monthly Payment rate
       [Average of the Average Monthly Payment Rates
       reported for the Due Periods in 1996].....                     76.5826%

8.    Mean Receivable turnover rate [Average of
       the Receivable Turnover Rates reported for the Due
       Periods in 1996].....                                           9.0912%


IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.


                                             American Express
                                             Travel Related Services
                                             Company, Inc.
                                             Servicer,


                                             By:     /s/ Marianne Thomson
                                                ---------------------------
                                                Name:    Marianne Thomson
                                                Title:   Director - Financial
                                                         Administration

                                   - 3 -


<PAGE>
<PAGE>
            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1992-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1992-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1992-1.

1.     Yield Collections allocated to Series 1992-1.....     $  145,662,206.50

2.     Principal Collections allocated to
        Series 1992-1 during the Revolving Period,
        treated as Excess principal Collections.....         $4,709,744,676.67

3.     The Investor Default Amount allocated to
        Series 1992-1.....                                   $   25,218,114.97




IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.




                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         ---------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration








                                 - 4 -

<PAGE>
<PAGE>

            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1992-2
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1992-2 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1992-2.

1.     Yield Collections allocated to Series 1992-2.....     $  145,662,206.50

2.     Principal Collections allocated to
        Series 1992-2 during the Revolving Period,
        treated as Excess principal Collections.....         $4,709,744,676.67

3.     The Investor Default Amount allocated to
        Series 1992-2.....                                   $   25,218,114.97





IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.


                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         -------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration






                            - 5 -

<PAGE>
<PAGE>
            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1993-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1993-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1993-1.

1.     Yield Collections allocated to Series 1993-1.....     $  174,794,647.85

2.     Principal Collections allocated to
        Series 1993-1 during the Revolving Period,
        treated as Excess principal Collections.....         $5,651,693,613.79

3.     The Investor Default Amount allocated to
        Series 1993-1.....                                   $   30,261,737.97





IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.




                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by:  /s/  Marianne Thomson
                                         ---------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration







                                   - 6 -

<PAGE>
<PAGE>


            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1994-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1994-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1994-1.

1.     Yield Collections allocated to Series 1994-1.....     $   87,397,323.79

2.     Principal Collections allocated to
        Series 1994-1 during the Revolving Period,
        treated as Excess principal Collections.....         $2,825,846,802.44

3.     The Investor Default Amount allocated to
        Series 1994-1.....                                   $   15,130,868.96







IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.




                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         ---------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration






                                - 7 -

<PAGE>
<PAGE>
            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1994-2
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1994-2 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1994-2.

1.     Yield Collections allocated to Series 1994-2.....     $   87,397,323.79

2.     Principal Collections allocated to
        Series 1994-2 during the Revolving Period,
        treated as Excess principal Collections.....         $2,825,846,802.44

3.     The Investor Default Amount allocated to
        Series 1994-2.....                                   $   15,130,868.96







IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.




                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         ---------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration



                                 - 8 -

<PAGE>
<PAGE>


            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1994-3
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1994-3 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1994-3.

1.     Yield Collections allocated to Series 1994-3.....     $   87,397,323.79

2.     Principal Collections allocated to
        Series 1994-3 during the Revolving Period,
        treated as Excess principal Collections.....         $2,825,846,802.44

3.     The Investor Default Amount allocated to
        Series 1994-3.....                                   $   15,130,868.96




IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         ---------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration



                                  - 9 -


<PAGE>
<PAGE>

            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1996-1
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1996-1 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1996-1.

1.     Yield Collections allocated to Series 1996-1.....     $   92,924,832.76

2.     Principal Collections allocated to
        Series 1996-1 during the Revolving Period,
        treated as Excess principal Collections.....         $3,004,569,592.47

3.     The Investor Default Amount allocated to
        Series 1996-1.....                                   $   21,301,318.42







IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.




                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         --------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration





                                   - 10 -

<PAGE>
<PAGE>

            -----------------------------------------------------
            American Express Travel Related Services Company, Inc.
                American Express Master Trust, Series 1996-2
            -----------------------------------------------------

         Schedule - to Year End Servicer's Certificate with respect
                     to the Series 1996-2 Certificates


A.     Information Regarding American Express Master Trust aggregated for the
        period January 1 through December 31, 1996 allocated to Series
        1996-2.

1.     Yield Collections allocated to Series 1996-2.....     $   29,344,684.00

2.     Principal Collections allocated to
        Series 1996-2 during the Revolving Period,
        treated as Excess principal Collections.....         $  948,811,449.33

3.     The Investor Default Amount allocated to
        Series 1996-2.....                                   $    6,726,732.12







IN WITNESS WHEREOF, the undersigned has duly executed this
Certificate this 18th day of March, 1997.





                                      American Express
                                      Travel Related Services Company, Inc.
                                      Servicer,


                                      by: /s/   Marianne Thomson
                                         ----------------------------
                                         Name:  Marianne Thomson
                                         Title: Director - Financial
                                                Administration






                                      - 11 -