EXHIBIT 99.1


                          ANNUAL SERVICER'S CERTIFICATE

                             AMERICAN EXPRESS TRAVEL
                         RELATED SERVICES COMPANY, INC.

                  AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST

The  undersigned,  a duly authorized  representative  of American Express Travel
Related Services Company, Inc., as Servicer ("TRS"), pursuant to the Pooling and
Servicing Agreement, dated as of May 16, 1996, as amended by the First Amendment
to the Pooling and Servicing Agreement,  dated as of March 30, 2001, (as amended
and  supplemented,  the  "Agreement"),  by and among TRS, as Servicer,  American
Express  Centurion  Bank,  a Utah  banking  institution,  and  American  Express
Receivables  Financing  Corporation II, each as Transferor,  and The Bank of New
York,  as  trustee  (the  "Trustee"),  does  hereby  certify  to the best of his
knowledge after reasonable investigation that:

1. TRS is as of the date hereof the Servicer  under the  Agreement.  Capitalized
terms used in this Certificate  have their respective  meanings set forth in the
Agreement.

2. The undersigned is duly  authorized  pursuant to the Agreement to execute and
deliver this Certificate to the Trustee.

3. A review of the  activities  of the Servicer  during the calendar  year ended
December 31, 2003 and of its performance under the Agreement was conducted under
my supervision.

4.  Based  on such  review,  the  Servicer  has,  to the  best of my  knowledge,
performed  in  all  material   respects  its  obligations  under  the  Agreement
throughout  such  calendar  year  and no  default  in the  performance  of  such
obligations  has  occurred or is  continuing  except as set forth in paragraph 5
below.

5. The  following is a  description  of each Default in the  performance  of the
Servicer's obligations under the provisions of the Agreement known to me to have
been made by the  Servicer  during the  calendar  year ended  December 31, 2003,
which sets in detail (i) the nature of each such default,  (ii) the action taken
by the  Servicer,  if any,  to remedy each such  default,  and (iii) the current
status of each such default: NONE.

IN WITNESS WHEREOF, the undersigned has duly executed this Certificate this 16th
day of March, 2004.

                                   AMERICAN EXPRESS TRAVEL RELATED
                                   SERVICES COMPANY, INC., as Servicer

                                   By: /s/ Michael Bender
                                      ---------------------------------
                                      Name:  Michael Bender
                                      Title: Vice President
                                             CSBS - Forecast & Planning