2008-08-01 23:41:05 -

- Fitch expects to rate American Express Issuance Trust, series 2008-2 notes as follows:

--$1,000,000,000 Class A fixed-rate asset-backed notes (2008-2) 'AAA';

--$26,526,000 Class B floating-rate asset-backed notes (2008-2) 'A';

--$34,483,000 Class C floating-rate asset-backed notes (2008-2) 'BBB+'.

For more information see the American Express Issuance Trust, Series 2008-2 Notes presale report, available to all investors on Fitch's corporate site, www.fitchratings.com.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also

available from the 'Code of Conduct' section of this site.

Fitch Ratings, New York
Herman C. Poon, +1-212-908-0847
Cynthia Ullrich, +1-212-908-0609
Sandro Scenga, +1-212-908-0278 (Media Relations)