UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended December 31, 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 February 12, 2008
[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.]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this repor
[ ] 13F NOTICE. (Check here if no holdings repo
[ ] 13F COMBINATION REPORT. (Check here if a portion of the hold
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: 76
Form 13F Information Table Value Total: $1,284,784
(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 AUTHORITY
000's AMOUNT PRN CALL DISCRETN MANAGERS
SOLE SHARED NONE
>C>
3M COMPANY COM 88579Y101 13,491 160,000 SH SOLE 160,000
ABBOTT LABS COM 002824100 17,968 320,000 SH SOLE 320,000
AIR PRODUCTS & CHEMIC COM 009158106 22,685 230,000 SH SOLE 230,000
AMERICAN INT'L GROUP COM 026874107 29,150 500,000 SH SOLE 500,000
AQUA AMERICA, INC. COM 03836W103 10,579 499,000 SH SOLE 499,000
AT&T CORP COM 00206R102 16,624 400,000 SH SOLE 400,000
AUTOMATIC DATA PROCES COM 053015103 13,359 300,000 SH SOLE 300,000
AVON PRODUCTS COM 054303102 15,907 402,400 SH SOLE 402,400
BANK OF AMERICA COM 060505104 30,120 730,000 SH SOLE 730,000
BANK OF NEW YORK MELL COM 064058100 19,688 403,775 SH SOLE 403,775
BJ WHOLESALE CLUB COM 05548J106 13,532 400,000 SH SOLE 400,000
BRISTOL MYERS SQUIBB COM 110122108 9,149 345,000 SH SOLE 345,000
BROADCOM CORP COM 111320107 10,456 400,000 SH SOLE 400,000
BUNGE LTD. COM G16962105 11,641 100,000 SH SOLE 100,000
CINTAS CORP. COM 172908105 10,086 300,000 SH SOLE 300,000
CISCO SYSTEMS COM 17275R102 23,010 850,000 SH SOLE 850,000
COMCAST CORP. CL A 20030N101 9,587 525,000 SH SOLE 525,000
CONOCOPHILLIPS COM 20825C104 26,049 295,000 SH SOLE 295,000
CORNING INC COM 219350105 11,995 500,000 SH SOLE 500,000
CURTISS-WRIGHT CORP COM 231561101 18,072 360,000 SH SOLE 360,000
CVS/CAREMARK CORPORAT COM 126650100 8,298 208,750 SH SOLE 208,750
DEAN FOODS COM 242370104 8,792 340,000 SH SOLE 340,000
DEL MONTE FOODS COM 24522P103 12,298 1,300,000 SH SOLE 1,300,000
DELL INC. COM 24702R101 14,338 585,000 SH SOLE 585,000
DUKE ENERGY CORP. COM 26441C105 12,335 611,560 SH SOLE 611,560
DUPONT EI DE NEMOURS COM 263534109 15,872 360,000 SH SOLE 360,000
EMERSON ELECTRIC COM 291011104 22,664 400,000 SH SOLE 400,000
ENSCO INTERNATIONAL, COM 26874Q100 12,470 209,150 SH SOLE 209,150
EXXON MOBIL CORP. COM 30231G102 20,143 215,000 SH SOLE 215,000
FIFTH THIRD BANC COM 316773100 7,036 280,000 SH SOLE 280,000
GANNETT INC. COM 364730101 4,388 112,500 SH SOLE 112,500
GENENTECH, INC COM 368710406 14,755 220,000 SH SOLE 220,000
GENERAL ELECTRIC CO. COM 369604103 51,453 1,388,000 SH SOLE 1,388,000
HARLEY DAVIDSON COM 412822108 6,072 130,000 SH SOLE 130,000
ILLINOIS TOOL WORKS COM 452308109 13,385 250,000 SH SOLE 250,000
INTEL CORP COM 458140100 17,062 640,000 SH SOLE 640,000
JOHNSON & JOHNSON COM 478160104 17,009 255,000 SH SOLE 255,000
LOWE'S COS INC. COM 548661107 13,572 600,000 SH SOLE 600,000
LUBRIZOL CORP COM 549271104 11,915 220,000 SH SOLE 220,000
MARATHON OIL CO. COM 565849106 14,606 240,000 SH SOLE 240,000
MASCO CORP COM 574599106 9,725 450,000 SH SOLE 450,000
MDU RESOURCES GROUP, COM 552690109 15,531 562,500 SH SOLE 562,500
MEDTRONIC INC. COM 585055106 15,584 310,000 SH SOLE 310,000
MICROSOFT CORP COM 594918104 42,008 1,180,000 SH SOLE 1,180,000
MORGAN STANLEY CO. COM 617446448 10,091 190,000 SH SOLE 190,000
NEWELL RUBBERMAID INC COM 651229106 10,352 400,000 SH SOLE 400,000
NORTHEAST UTILITIES COM 664397106 6,231 199,000 SH SOLE 199,000
ORACLE CORP COM 68389X105 24,838 1,100,000 SH SOLE 1,100,000
OSHKOSH TRUCK CORP. COM 688239201 13,233 280,000 SH SOLE 280,000
PEPSI CO. INC. COM 713448108 30,360 400,000 SH SOLE 400,000
PETROLEUM & RESOURCES COM 716549100 84,541 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 25,458 1,120,000 SH SOLE 1,120,000
PNC FINANCIAL SERVICE COM 693475105 13,130 200,000 SH SOLE 200,000
PROCTER & GAMBLE COMP COM 742718109 24,963 340,000 SH SOLE 340,000
PROSPERITY BANCSHARES COM 743606105 5,878 200,000 SH SOLE 200,000
ROHM & HAAS CO. COM 775371107 20,697 390,000 SH SOLE 390,000
RYLAND GROUP INC. COM 783764103 9,463 343,500 SH SOLE 343,500
SAFEWAY, INC COM 786514208 13,342 390,000 SH SOLE 390,000
SCHLUMBERGER LTD COM 806857108 37,381 380,000 SH SOLE 380,000
SENOMYX INC. COM 81724Q107 7,373 984,400 SH SOLE 984,400
SPECTRA ENERGY CORP. COM 847560109 7,895 305,780 SH SOLE 305,780
SPIRIT AEROSYSTEMS HO COM 848574109 14,663 425,000 SH SOLE 425,000
STATE STREET CORP. COM 857477103 26,300 323,895 SH SOLE 323,895
TARGET CORP. COM 87612E106 14,500 290,000 SH SOLE 290,000
TATA MOTORS LTD. ADR COM 876568502 5,375 285,000 SH SOLE 285,000
TEVA PHARMACEUTICAL I COM 881624209 17,198 370,000 SH SOLE 370,000
THE COCA-COLA CO. COM 191216100 12,274 200,000 SH SOLE 200,000
UNILEVER PLC ADR PON ADR NEW 904767704 20,581 550,000 SH SOLE 550,000
UNITED PARCEL SERVICE COM CL B 911312106 10,962 155,000 SH SOLE 155,000
UNITED TECHNOLOGIES COM 913017109 22,962 300,000 SH SOLE 300,000
WACHOVIA CORP. COM 929903102 20,726 545,000 SH SOLE 545,000
WELLS FARGO COMPANY COM 949746101 19,624 650,000 SH SOLE 650,000
WILMINGTON TRUST CORP COM 971807102 12,778 363,000 SH SOLE 363,000
WINDSTREAM CORP COM 97381W104 4,038 310,178 SH SOLE 310,178
WYETH COMPANY COM 983024100 14,361 325,000 SH SOLE 325,000
ZIMMER HLDGS INC. COM 98956P102 8,757 132,400 SH SOLE 132,400
1,284,784