A class action Complaint has been filed in the United States District Court for the Southern District of New York, civil action number 02 cv 6439, on behalf of all persons or entities who purchased securities of American Express Company (``American Express'' or the ``Company'') (NYSE:AXP - news) between July 18, 1999 through July 17, 2001, both dates inclusive (the ``Class Period''). American Express Company, Kenneth I. Chenault, Richard Karl Goeltz, Daniel T. Henry, Harvey Golub, David R. Hubers, Gary L. Crittenden, and James M. Cracchiolo are named as defendants in the complaint.

To discuss this action, this announcement, or your rights or interests, please contact plaintiff's counsel, Eric J. Belfi or Sharon Lee, Rabin & Peckel LLP, 275 Madison Avenue, New York, NY 10016, by telephone at (800) 497-8076 or (212) 682-1818, by facsimile at (212) 682-1892, or by e-mail at email@rabinlaw.com.

If you purchased securities of American Express during the Class Period described above, you may, no later than September 16, 2002, move the Court to serve as lead plaintiff. To serve as lead plaintiff, however, you must meet certain legal requirements. You can join this action as a lead plaintiff online at http://www.rabinlaw.com. Contact plaintiffs' counsel Eric J. Belfi or Sharon Lee of Rabin & Peckel LLP to further discuss this action, this announcement, or your rights or interests.

I am amazed that no one here gets the fact that the only people who truly "win" in these cases are the attorneys.

In the good ole U S of A, anyone can file a lawsuit against anyone for darn near anything. It doesn't mean that the plaintiff has a legitimate complaint nor does it mean that the defendent who settles is a crook.

Get a clue, people.....

Or to rid themselves of the likes of people like you.