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                                   EXHIBIT 23

                         CONSENT OF INDEPENDENT AUDITORS

We consent to the incorporation by reference in the Registration Statements on
Form S-3 (Registration Statement Nos. 33-62797, 333-38199, 333-84320,
333-102373) of American Express Credit Corporation and in the related Prospecti
of our report dated January 27, 2003 with respect to the consolidated financial
statements and schedule of American Express Credit Corporation included in this
Annual Report on Form 10-K for the year ended December 31, 2002.

/s/ Ernst & Young LLP


New York, New York
March 28, 2003