-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 QRxRHRfS5FwUde9Z2OkZcg==

<SEC-DOCUMENT>0001041320-09-000003.txt : 20090730
<SEC-HEADER>0001041320-09-000003.hdr.sgml : 20090730
<ACCEPTANCE-DATETIME>20090730112703
ACCESSION NUMBER:		0001041320-09-000003
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090730
DATE AS OF CHANGE:		20090730
EFFECTIVENESS DATE:		20090730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICAN EXPRESS UTAH EQUITY FUND L P
		CENTRAL INDEX KEY:			0001041320
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-113281
		FILM NUMBER:		09972545

	BUSINESS ADDRESS:	
		STREET 1:		10227 WINCOPIN CIRCLE
		STREET 2:		SUITE 810
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21044
		BUSINESS PHONE:		4109640552

	MAIL ADDRESS:	
		STREET 1:		10227 WINCOPIN CIRCLE
		CITY:			COLUMBIA
		STATE:			MD
		ZIP:			21044
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0502</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001041320</cik>
        <entityName>AMERICAN EXPRESS UTAH EQUITY FUND L P</entityName>
        <issuerAddress>
            <street1>10227 WINCOPIN CIRCLE</street1>
            <street2>SUITE 810</street2>
            <city>COLUMBIA</city>
            <stateOrCountry>MD</stateOrCountry>
            <zipCode>21044</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>4109640552</issuerPhoneNumber>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Enterprise Community Investment, Inc.</firstName>
                <middleName></middleName>
                <lastName>Enterprise Community Investment, Inc.</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Corporate General Partner of Issuer.  Directors and executive officers of the corporation are listed on continuation pages.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Richard</firstName>
                <middleName>O</middleName>
                <lastName>Berndt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName>R</middleName>
                <lastName>Bock</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Barry</firstName>
                <middleName>C</middleName>
                <lastName>Curtis</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>W</firstName>
                <middleName>Kimball</middleName>
                <lastName>Griffith</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Arlene</firstName>
                <middleName></middleName>
                <lastName>Isaacs-Lowe</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Doris</firstName>
                <middleName></middleName>
                <lastName>Koo</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>David</firstName>
                <middleName></middleName>
                <lastName>Leopold</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Marilyn</firstName>
                <middleName></middleName>
                <lastName>Melkonian</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mary</firstName>
                <middleName>K</middleName>
                <lastName>Reilly</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lee</firstName>
                <middleName></middleName>
                <lastName>Rosenberg</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Patricia</firstName>
                <middleName>T</middleName>
                <lastName>Rouse</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>J</middleName>
                <lastName>Watt</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Thomas</firstName>
                <middleName>W</middleName>
                <lastName>White</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Charles</firstName>
                <middleName>R</middleName>
                <lastName>Werhane</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director and Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Jamie</firstName>
                <middleName>E</middleName>
                <lastName>Yordan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Director</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Director of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Craig</firstName>
                <middleName></middleName>
                <lastName>Mellendick</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Helen</firstName>
                <middleName>W</middleName>
                <lastName>Whitehead</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Scott</firstName>
                <middleName></middleName>
                <lastName>Hoekman</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joseph</firstName>
                <middleName></middleName>
                <lastName>Wesolowski</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
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            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Bruce</firstName>
                <middleName></middleName>
                <lastName>Rothschild</lastName>
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            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
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            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>C</firstName>
                <middleName>Lamar</middleName>
                <lastName>Seats</lastName>
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            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
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                <zipCode>21044</zipCode>
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            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
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        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Doug</firstName>
                <middleName></middleName>
                <lastName>Able</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
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            <relatedPersonRelationshipList>
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            </relatedPersonRelationshipList>
            <relationshipClarification>Exectuive Ofifcer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Elizabeth</firstName>
                <middleName></middleName>
                <lastName>O'Leary</lastName>
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                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
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            <relatedPersonRelationshipList>
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            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Raoul</firstName>
                <middleName></middleName>
                <lastName>Moore</lastName>
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                <street1>10227 Wincopin Circle, Suite 810</street1>
                <street2></street2>
                <city>Columbia</city>
                <stateOrCountry>MD</stateOrCountry>
                <zipCode>21044</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Executive Officer of General Partner of Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Other Real Estate</industryGroupType>
        </industryGroup>
        <issuerSize>
            <revenueRange>Not Applicable</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-07-21</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>1000000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>20000000</totalOfferingAmount>
            <totalAmountSold>20000000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>1200000</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>AMERICAN EXPRESS UTAH EQUITY FUND L P</issuerName>
                <signatureName>Bruce Rothschild</signatureName>
                <nameOfSigner>Bruce Rothschild</nameOfSigner>
                <signatureTitle>Sr,. VP of GP</signatureTitle>
                <signatureDate>2009-07-28</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----