Ernst & Young LLP
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December 8, 2004


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


Gentlemen:

We have read item 4.01 of Form 8-K/A dated December 8, 2004, of American Express
Credit Corporation and are in agreement with the fourth sentence of the first
paragraph and the statements contained in the second and third paragraphs on
page 1 therein. We have no basis to agree or disagree with other statements of
the registrant contained therein.


Very truly yours,

Ernst & Young LLP