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Non-Tech : American Express (AXP)

AXP 365.82

+1.5%

3:59 PM EST

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To: Brad who wrote (3)	2/2/1997 7:15:00 AM
From: Terence Mitchell	of 179

Hi Brad, Several months ago Berkshire recieved approval from the Securities Commission to obtain "UP TO 17%", of the outstanding shates of AXP, this was a pre-requisite to actually obtaining shares. If memory serves me Berkshire would have acquired them thru normal market acquisitions. The important thing is that he recieved approval to do it but indicated that he would do it when he felt it was appropriate. This news was already digested by the market quite awhile ago. regards, Terence Mitchell

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