AMERICAN EXPRESS RETIREMENT SERVICES ANNOUNCES NEW CLIENT RELATIONSHIP MANAGER FOR SOUTHEASTERN TERRITORY

New Addition to Retirement Plan and Investment Client Service Team: Brian Crisp

MINNEAPOLIS, June 13, 2005 - American Express Retirement Services today announced that Brian Crisp has joined the firm as Regional Director - Client Relationship Management, in the retirement plan services and investment arm of American Express Retirement Services. Crisp will be located in the Atlanta area and serve the Southeastern territory including North Carolina, South Carolina, Georgia, Alabama, Mississippi and Florida. Crisp will report to Paul Jacobson, director of client relations.

"Brian brings a seasoned approach to client relationship management," said Paul Jacobson. "Throughout his career he has been focused on providing retirement plan clients with the service and solutions needed to make their plans a success. He will be a superb addition as we further implement our BluePrintSM relationship management approach with our institutional clients."

With nine years of retirement plan industry experience, Crisp comes to American Express from Amvescap Retirement where he was a vice president of corporate development responsible for corporate strategy and business planning. Prior to Amvescap, Crisp held positions in account management and pension consulting for AUL Retirement Services and Great West Life.

About American Express Retirement Services
American Express Retirement Services, a service group of American Express Financial Advisors Inc., provides corporations, unions and municipalities, and their nearly 900,000 workers nationwide with a complete package of financial education, recordkeeping, investments and trustee services for their qualified retirement plans, as well as workplace financial education programs through American Express Financial Advisors and American Express Trust Company. For more information on American Express Retirement Services, visit www.americanexpress.com/sponsors.

American Express is pursuing a spin-off to shareholders of the American Express Financial Advisors unit. The transaction is expected to be completed in the third quarter of 2005, subject to certain conditions. The company will begin operating as Ameriprise Financial, Inc. on August 1. For more information, visit www.ameriprise.com.

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