Fitch Rates American Express Issuance Trust, Series 2008-1 Notes

Business Wire, April 3, 2008

NEW YORK -- Fitch rates American Express Issuance Trust, series 2008-1 notes as follows:

--$850,000,000 1 month LIBOR 0.95% class A (2008-1) 'AAA';

-- $27,420,000 1 month LIBOR 3.00% class B (2008-1) 'A';

-- $36,560,000 1 month LIBOR 4.50% class C (2008-1) 'BBB ';

For more information, see the American Express Issuance Trust, Series 2008-1 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.