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<PAGE> Prospectus Supplement July 29, 1999* American Express Investors Certificate S-6037 N On page 42p, in "Selling Agent Agreement with AEBI" under "How your money is managed," "0.60%" replaces "0.50%" for the period from August 1, 1999, through December 31, 2000, and "0.40%" replaces "0.30%" beginning August 1, 1999. AEBI also will receive a special sales incentive fee of $52,000 in August 1999. S-6037-11A (7/99) Valid until next prospectus update *Destroy April 26, 2000
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