EXHIBIT 16.1




E    r Ernst & Young LLP   rPhone:  (212) 773-3000
                                                  5 Times Square      www.ey.com
                                                  New York, NY  10036







March 31, 2005




Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549


Gentlemen:

We have read item 4.01 of Form 8-K/A filed March 31, 2005,  of American  Express
Credit  Corporation  and are in agreement with the portion of the first sentence
of the first paragraph related to the dismissal of Ernst & Young LLP, the second
sentence of the first  paragraph,  and the  statements  contained in the second,
third  and  fifth  paragraphs  on page 1  therein.  We have no basis to agree or
disagree with the fourth  paragraph and the other  statements of the  registrant
contained therein.


Very truly yours,

/s/Ernst & Young LLP



















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