5. Class Action Information
Ten class action suits pertaining to securities fraud

i). The law firm of Lovell & Stewart, LLP filed a class action lawsuit on July 17, 2002 on behalf of all persons who purchased, converted, exchanged or otherwise acquired the common stock of the American Express Company (NYSE: AXP) between July 18, 1999 and July 17, 2001, inclusive. The lawsuit asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated by the SEC thereunder and seeks to recover damages. Any member of the class may move the Court to be named lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than September 16, 2002. For more information on this class action suit visit Lovell & Stewart.
ii). Law Offices Of Charles J. Piven, P.A. today announced that a securities class action has been commenced on behalf of shareholders who acquired American Express Company (NYSE:AXP) securities between July 18, 1999 and July 17, 2001, inclusive (the "Class Period").

The case is pending in the United States District Court for the Southern District of New York, against defendants American Express Company, Kenneth I. Chenault, Harvey Golub, David R. Hubers and James M. Cracchiolo.

The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period which statements had the effect of artificially inflating the market price of the Company's securities. For more information on this class action suit visit Charles J. Piven.
iii). The law firm of Paskowitz & Associates filed a class action lawsuit on July 17, 2002 on behalf of all persons who purchased, converted, exchanged or otherwise acquired the common stock of the American Express Company (NYSE: AXP - News) between July 18, 1999 and July 17, 2001.

The action, Slayton v. American Express Company, et al., is pending in the U.S. District Court for the Southern District of New York (500 Pearl Street, New York, New York), Docket No. 02-CV-5533 (RMB) and has been assigned to the Hon. Richard M. Berman, U.S. District Judge. The complaint alleges that American Express and certain of its officers and directors made misstatements and omissions of material fact, including failing to disclose that American Express was investing in a risky portfolio of high-yield or "junk" bonds with ratings as low as "single-B" that carried the potential for substantial losses if default rates in the junk bond market increased, failing to disclose the true extent of American Express's total exposure as a result of the foregoing after American Express wrote down $182 million of its junk bond portfolio in April 2001, and failing to disclose that American Express was taking a substantial and unnecessary risk by investing in high-yield securities involving complex risk factors that American Express management and personnel did not fully comprehend.

If you wish to discuss this action with us, or have any questions concerning this notice or your rights and interests with regard to the case, you may contact Laurence Paskowitz of Paskowitz & Associates at 1-800-705-9529 or email classattorney@aol.com .
iv). A securities class action lawsuit was commenced on behalf of all persons who purchased or acquired American Express Company (NYSE:AXP - news) ("American Express" or the "Company") securities between July 18, 1999 and July 17, 2001 (the "Class Period"). A copy of the complaint is available from the Court or from Bernstein Liebhard & Lifshitz, LLP. Please visit our website at www.bernlieb.com or contact us at (800) 217-1522 or by email at AXP@bernlieb.com.
v). A securities class action has been commenced on behalf of shareholders who acquired American Express Company (NYSE:AXP - News) securities between July 18, 1999 and July 17, 2001, inclusive (the "Class Period").

In order to serve as a lead plaintiff, you must meet certain legal requirements. If you were a purchaser of the common stock of American Express Company during the class period and want to discuss your legal rights, you may call the Law Offices of Leo W. Desmond who will, without obligation or cost to you, attempt to answer your questions and concerns. You may contact the Law Offices of Leo W. Desmond at 2161 Palm Beach Lakes Blvd., Suite 204, West Palm Beach, Florida 33409, by calling toll free at 888-337-6663, by e-mail at Info@SecuritiesAttorney.com, or by visiting its website at http://www.SecuritiesAttorney.com.
vi). The law firm of Milberg Weiss Bershad Hynes & Lerach LLP announces that a class action lawsuit was filed on August 8, 2002, on behalf of purchasers of the shares of American Express Co. ("American Express" or the "Company") (NYSE: AXP - News) between July 26, 1999 and July 17, 2001, inclusive.

A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss' website at: http://www.milberg.com/cases/americanexpress. The action is pending in the United States District Court, Southern District of New York, located at 500 Pearl Street, New York NY, against defendants American Express, Richard Karl Goeltz, Daniel T. Henry, Gary L. Crittenden, Harvey Golub and Kenneth I. Chenault. For more information contact the law firm at AmericanExpresscase@milbergNY.com
vii). The Law Firm of Cauley Geller Bowman & Coates, LLP announced today that a class action has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of American Express Co. (NYSE: AXP - News; "American Express" or the "Company") common stock during the period between July 26, 1999 and July 17, 2001, inclusive (the "Class Period"). A copy of the complaint filed in this action is available from the Court, or can contact the firm to receive a copy at http://www.classlawyer.com/.
viii). If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Schiffrin & Barroway, LLP (Marc A. Topaz, Esq. or Stuart L. Berman, Esq.) toll free at 1-888-299-7706 or 1-610-667-7706, or via e-mail at info@sbclasslaw.com. Plaintiff seeks to recover damages on behalf of class members and is represented by the law firm of Schiffrin & Barroway, LLP, which prosecutes class actions on behalf of investors and shareholders. For more information on Schiffrin & Barroway, or to sign-up to participate in this action online, please visit http://www.sbclasslaw.com/cgi/signup.cgi.
ix). This action seeks to recover damages on behalf of defrauded investors who purchased American Express securities. Plaintiff is represented by Weiss & Yourman, a law firm possessing significant experience and expertise in prosecuting class actions on behalf of defrauded shareholders in federal and state courts throughout the United States.

James E. Tullman, Mark D. Smilow, and/or David C. Katz, 888-593-4771 or 212-682-3025, via Internet electronic mail at info@wynyc.com or by writing Weiss & Yourman, The French Building, 551 Fifth Avenue, Suite 1600, New York, New York 10176.
x). 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. You can learn more information about Rabin & Peckel LLP at http://www.rabinlaw.com.