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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): October 22, 2001
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AMERICAN EXPRESS COMPANY
(Exact name of registrant as specified in its charter)
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New York 1-7657 13-4922250
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation or Identification No.)
organization)
200 Vesey Street, World Financial Center
New York, New York 10285
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 640-2000
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
On October 22, 2001, the Registrant issued a press release announcing its 2001
third quarter earnings and distributed a 2001 third Quarter Earnings
Supplement. Such press release is filed herein as Exhibit 99.1, and such
Earnings Supplement is filed herein as Exhibit 99.2.
The Company issued a second quarter 2001 earnings release and earnings
supplement, both of which were filed in an 8-K Report dated July 23, 2001 as
Exhibits 99.1 and 99.2, respectively. The Company subsequently filed a
second quarter Form 10-Q with the U.S. Securities and Exchange Commission
(SEC) on August 14, 2001. The Company issued a first quarter 2001 earnings
release and earnings supplement, both of which were filed in an 8-K Report
dated April 23, 2001 as Exhibits 99.1 and 99.2, respectively. The Company
subsequently filed a first quarter 2001 Form 10-Q with the SEC on May 15,
2001. Certain statistical data contained in such 8-K Reports are
being adjusted as follows (such data area also included in the above
referenced 10-Q Reports):
In the second quarter 2001 earnings release, under the caption
American Express Financial Advisors' Selected Statistical Information for the
quarter ended June 30, 2001, Cash Sales for Annuities for the quarter ended
June 30, 2001 were $1,406 million, down 10.3%, rather than the reported $1,588
million, up 1.4%. Total Cash Sales were $13,373 million, down 12.3%, rather
than $13,555 million, down 11.1%.
In the second quarter 2001 earnings release, under the caption
American Express Financial Advisors Selected Statistical Information for the
Quarters Ended June 30, 2001, March 31, 2001, December 31, 2001, September 30,
2000 and June 30, 2000, Cash Sales for Annuities for the quarter ended June
30, 2001 were $1,406 million, rather than the reported $1,588 million. Total
Cash Sales for the quarter ended June 30, 2001 were $13,373 million, rather
than the reported $13,555 million. Cash Sales for Annuities for the quarter
ended March 31, 2001 were $1,427 million, rather than the reported $1,381
million. Total Cash Sales for the quarter ended March 31, 2001 were $16,975
million rather than the reported $16,929 million.
In the first quarter 2001 earnings release, Cash Sales for Annuities
were up 4.8%, rather than the reported 1.4%. Total Cash Sales for the same
period were up 1.9%, rather than the reported 1.6%.
On page 10 of the second quarter 2001 earnings supplement, under
Product Sales, total gross cash sales from all products were down 12%, rather
than the reported 11%. Annuity sales were down 10%, rather than the reported
up 1%.
On page 9 of the first quarter 2001 earnings supplement, under
Product Sales, the sixth line should read as follows:
-Annuity sales were up 5%, as variable annuity sales rose slightly
and fixed annuity sales improved significantly.
Item 7. Financial Statements, Pro Forma Financial Information And Exhibits
(c) Exhibits
99.1 Press release of American Express Company announcing its 2001
third quarter earnings, dated October 22, 2001.
99.2 2001 Third Quarter Earnings Supplement of American
Express Company.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMERICAN EXPRESS COMPANY
(REGISTRANT)
By /s/ Stephen P. Norman
Name: Stephen P. Norman
Title: Secretary
DATE: October 22, 2001
EXHIBIT INDEX
Item No. Description
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99.1 Press release of American Express Company announcing its 2001
third quarter earnings, dated October 22, 2001.
99.2 2001 Third Quarter Earnings Supplement of American Express
Company.