UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended September 30, 2007
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.) : [ ] is a restatement
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: The Adams Express Company
Address: 7 St. Paul Street, Suite 1140
Baltimore, MD 21202
Form 13F File Number: 28-597
The institutional investment manager filing this report and the person
by whom it is signed hereby represent that the person signing the
report is authorized to submit it, that all information contained
herein is true, correct and complete, and that it is understood that
all required items, statements, schedules, lists,and tables, are
considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Christine M. Sloan
Title: Assistant Treasurer
Phone: (410) 752-5900
Signature, Place, and Date of Signing:
Christine M. Sloan Baltimore, MD October 26, 2007
[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported
are in this report, and all holdings are reported by other
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings
for this reporting manager are reported in this report and a portion are
reported by other reporting manager (s).)
List of Other Managers Reporting for this Manager:
Form 13F File Number Name
28
[Repeat as necessary.]
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 81
Form 13F Information Table Value Total: $ 1,393,680
(in thousands)
List of Other Included Managers:
Provide a numbered list of the name (s) and Form 13F file number(s)
of all institutional investment managers with respect to which this
report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and
list entries.]
No. Form 13-F File No. Name
28-
[Repeat as necessary.]
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE IN SHARES/PRN SH/ PUT/ INVSTM OTHER VOTING
000's AMOUNT PRN CALL DISCRETN MANAGERS AUTHORITY
SOLESHAREDNONE
3M COMPANY COM 88579Y101 14,973 160,000 SH SOLE 160,000
ABBOTT LABS COM 002824100 17,158 320,000 SH SOLE 320,000
ADVANCED MEDICAL OPTICS COM 00763M108 9,942 325,000 SH SOLE 325,000
AIR PRODUCTS & CHEMICALS COM 009158106 22,485 230,000 SH SOLE 230,000
ALLTEL CORP. COM 020039103 2,787 40,000 SH SOLE 40,000
AMBAC FINANCIAL GROUP COM 023139108 12,582 200,000 SH SOLE 200,000
AMERICAN INT'L GROUP INC COM 026874107 33,825 500,000 SH SOLE 500,000
AQUA AMERICA, INC. COM 03836W103 11,317 499,000 SH SOLE 499,000
AT&T CORP COM 00206R102 16,924 400,000 SH SOLE 400,000
AUTOMATIC DATA PROCESSIN COM 053015103 13,779 300,000 SH SOLE 300,000
AVON PRODUCTS COM 054303102 15,703 418,400 SH SOLE 418,400
BANK OF AMERICA COM 060505104 35,692 710,000 SH SOLE 710,000
BANK OF NEW YORK MELLON COM 064058100 17,823 403,775 SH SOLE 403,775
BANKATLANTIC BANCORP CL A 065908501 7,630 880,000 SH SOLE 880,000
BEA SYSTEMS INC. COM 073325102 11,096 800,000 SH SOLE 800,000
BJ WHOLESALE CLUB COM 05548J106 13,761 415,000 SH SOLE 415,000
BRISTOL MYERS SQUIBB COM 110122108 9,943 345,000 SH SOLE 345,000
BROADCOM CORP COM 111320107 14,576 400,000 SH SOLE 400,000
BUNGE LTD. COM G16962105 14,291 133,000 SH SOLE 133,000
CINTAS CORP. COM 172908105 11,130 300,000 SH SOLE 300,000
CISCO SYSTEMS COM 17275R102 28,144 850,000 SH SOLE 850,000
COMCAST CORP. CL A 20030N101 12,694 525,000 SH SOLE 525,000
CONOCOPHILLIPS COM 20825C104 30,281 345,000 SH SOLE 345,000
CORNING INC COM 219350105 12,325 500,000 SH SOLE 500,000
CURTISS-WRIGHT CORP COM 231561101 17,100 360,000 SH SOLE 360,000
CVS/CAREMARK CORPORATION COM 126650100 8,273 208,750 SH SOLE 208,750
DEAN FOODS COM 242370104 8,697 340,000 SH SOLE 340,000
DEL MONTE FOODS COM 24522P103 13,650 1,300,000 SH SOLE 1,300,000
DELL INC. COM 24702R101 16,146 585,000 SH SOLE 585,000
DUKE ENERGY CORP. COM 26441C105 11,430 611,560 SH SOLE 611,560
DUPONT EI DE NEMOURS COM 263534109 17,842 360,000 SH SOLE 360,000
EMERSON ELECTRIC COM 291011104 21,288 400,000 SH SOLE 400,000
ENSCO INTERNATIONAL, INC COM 26874Q100 11,733 209,150 SH SOLE 209,150
EXXON MOBIL CORP. COM 30231G102 19,900 215,000 SH SOLE 215,000
FIFTH THIRD BANC COM 316773100 9,486 280,000 SH SOLE 280,000
GANNETT INC. COM 364730101 4,916 112,500 SH SOLE 112,500
GENENTECH, INC COM 368710406 17,164 220,000 SH SOLE 220,000
GENERAL ELECTRIC CO. COM 369604103 58,829 1,421,000 SH SOLE 1,421,000
HARLEY DAVIDSON COM 412822108 5,545 120,000 SH SOLE 120,000
ILLINOIS TOOL WORKS COM 452308109 14,910 250,000 SH SOLE 250,000
INTEL CORP COM 458140100 20,688 800,000 SH SOLE 800,000
JOHNSON & JOHNSON COM 478160104 16,753 255,000 SH SOLE 255,000
LOWE'S COS INC. COM 548661107 16,111 575,000 SH SOLE 575,000
LUBRIZOL CORP COM 549271104 13,012 200,000 SH SOLE 200,000
MARATHON OIL CO. COM 565849106 13,685 240,000 SH SOLE 240,000
MASCO CORP COM 574599106 10,426 450,000 SH SOLE 450,000
MDU RESOURCES GROUP, INC COM 552690109 15,660 562,500 SH SOLE 562,500
MEDTRONIC INC. COM 585055106 17,487 310,000 SH SOLE 310,000
MICROSOFT CORP COM 594918104 34,763 1,180,000 SH SOLE 1,180,000
MORGAN STANLEY CO. COM 617446448 11,340 180,000 SH SOLE 180,000
MURPHY OIL CORP. COM 626717102 2,691 38,500 SH SOLE 38,500
NEWELL RUBBERMAID INC. COM 651229106 11,528 400,000 SH SOLE 400,000
NORTHEAST UTILITIES COM 664397106 5,143 180,000 SH SOLE 180,000
ORACLE CORP COM 68389X105 23,815 1,100,000 SH SOLE 1,100,000
OSHKOSH TRUCK CORP. COM 688239201 16,732 270,000 SH SOLE 270,000
PEPSI CO. INC. COM 713448108 29,304 400,000 SH SOLE 400,000
PETROLEUM & RESOURCES CO COM 716549100 88,214 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 27,362 1,120,000 SH SOLE 1,120,000
PNC FINANCIAL SERVICES G COM 693475105 13,620 200,000 SH SOLE 200,000
PROCTER & GAMBLE COMPANY COM 742718109 23,916 340,000 SH SOLE 340,000
PROSPERITY BANCSHARES IN COM 743606105 6,632 200,000 SH SOLE 200,000
ROHM & HAAS CO. COM 775371107 22,268 400,000 SH SOLE 400,000
RYLAND GROUP INC. COM 783764103 7,361 343,500 SH SOLE 343,500
SAFEWAY, INC COM 786514208 12,913 390,000 SH SOLE 390,000
SCHLUMBERGER LTD COM 806857108 39,900 380,000 SH SOLE 380,000
SENOMYX INC. COM 81724Q107 6,860 560,000 SH SOLE 560,000
SPECTRA ENERGY CORP. COM 847560109 7,485 305,780 SH SOLE 305,780
SPIRIT AEROSYSTEMS HOLDI COM 848574109 15,576 400,000 SH SOLE 400,000
STATE STREET CORP. COM 857477103 22,077 323,895 SH SOLE 323,895
TARGET CORP. COM 87612E106 18,435 290,000 SH SOLE 290,000
TEVA PHARMACEUTICAL INDU COM 881624209 17,121 385,000 SH SOLE 385,000
THE COCA-COLA CO. COM 191216100 11,494 200,000 SH SOLE 200,000
UNILEVER PLC ADR SPON ADR NEW 904767704 17,418 550,000 SH SOLE 550,000
UNITED PARCEL SERVICES, COM CL B 911312106 11,641 155,000 SH SOLE 155,000
UNITED TECHNOLOGIES COM 913017109 24,144 300,000 SH SOLE 300,000
WACHOVIA CORP. COM 929903102 26,078 520,000 SH SOLE 520,000
WELLS FARGO COMPANY COM 949746101 23,153 650,000 SH SOLE 650,000
WILMINGTON TRUST CORP. COM 971807102 14,121 363,000 SH SOLE 363,000
WINDSTREAM CORP COM 97381W104 4,380 310,178 SH SOLE 310,178
WYETH COMPANY COM 983024100 14,479 325,000 SH SOLE 325,000
ZIMMER HLDGS INC. COM 98956P102 10,124 125,000 SH SOLE 125,000
1,393,680