FINANCIAL REVIEW $_{–}$26 CONSOLIDATED STATEMENTS OF INCOME $_{–}$54 CONSOLIDATED BALANCE SHEETS $_{–}$55 CONSOLIDATED STATEMENTS OF CASH FLOWS $_{–}$56 CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY $_{–}$57 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS $_{–}$58 REPORT OF MANAGEMENT $_{–}$85 REPORT OF ERNST & YOUNG LLP INDEPENDENT AUDITORS $_{–}$86 CONSOLIDATED FIVE-YEAR SUMMARY OF SELECTED FINANCIAL DATA $_{–}$87 AMERICAN EXPRESS 2002 FINANCIAL