UNITED STATES
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter June 30, 2007
Check here if Amendment [ ]; Amendment Number:
This amendment (Check only one.) : [ ] is a restatement
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 authoirzed 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 July 31, 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:83
Form 13F Information Table Value Total:$ 1,404,857
(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 SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
IN 000's PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE
3M COMPANY COM 88579Y101 13,886 160,000 SH SOLE 160,000
ABBOTT LABS COM 002824100 17,136 320,000 SH SOLE 320,000
ADVANCED MEDICAL OPTI COM 00763M108 11,336 325,000 SH SOLE 325,000
AIR PRODUCTS & CHEMIC COM 009158106 18,485 230,000 SH SOLE 230,000
ALLTEL CORP. COM 020039103 20,265 300,000 SH SOLE 300,000
AMBAC FINANCIAL GROUP COM 023139108 17,438 200,000 SH SOLE 200,000
AMERICAN INT'L GROUP COM 026874107 35,015 500,000 SH SOLE 500,000
AQUA AMERICA, INC. COM 03836W103 11,223 499,000 SH SOLE 499,000
AT&T CORP COM 00206R102 16,600 400,000 SH SOLE 400,000
AUTOMATIC DATA PROCES COM 053015103 14,541 300,000 SH SOLE 300,000
AVAYA INC. COM 053499109 10,104 600,000 SH SOLE 600,000
AVON PRODUCTS COM 054303102 15,376 418,400 SH SOLE 418,400
BANK OF AMERICA COM 060505104 29,823 610,000 SH SOLE 610,000
BANK OF NEW YORK INC. COM 064057102 15,540 375,000 SH SOLE 375,000
BANKATLANTIC BANCORP CL A 065908501 7,577 880,000 SH SOLE 880,000
BEA SYSTEMS INC. COM 073325102 10,952 800,000 SH SOLE 800,000
BJ WHOLESALE CLUB COM 05548J106 16,213 450,000 SH SOLE 450,000
BRISTOL MYERS SQUIBB COM 110122108 10,888 345,000 SH SOLE 345,000
BROADCOM CORP CL A 111320107 11,700 400,000 SH SOLE 400,000
BUNGE LTD. COM G16962105 11,830 140,000 SH SOLE 140,000
CINTAS CORP. COM 172908105 11,829 300,000 SH SOLE 300,000
CISCO SYSTEMS COM 17275R102 23,673 850,000 SH SOLE 850,000
COMCAST CORP. CL A 20030N101 14,763 525,000 SH SOLE 525,000
COMPASS BANKSHARES IN COM 20449H109 5,863 85,000 SH SOLE 85,000
CONOCOPHILLIPS COM 20825C104 27,082 345,000 SH SOLE 345,000
CORNING INC COM 219350105 12,775 500,000 SH SOLE 500,000
CREE INC. COM 225447101 9,694 375,000 SH SOLE 375,000
CURTISS-WRIGHT CORP COM 231561101 16,780 360,000 SH SOLE 360,000
CVS/CAREMARK CORPORAT COM 126650100 7,609 208,750 SH SOLE 208,750
DEAN FOODS COM 242370104 10,836 340,000 SH SOLE 340,000
DEL MONTE FOODS COM 24522P103 13,558 1,115,000 SH SOLE 1,115,000
DELL INC. COM 24702R101 16,702 585,000 SH SOLE 585,000
DUKE ENERGY CORP. COM 26441C105 11,192 611,560 SH SOLE 611,560
DUPONT EI DE NEMOURS COM 263534109 18,302 360,000 SH SOLE 360,000
EMERSON ELECTRIC COM 291011104 18,720 400,000 SH SOLE 400,000
ENSCO INTERNATIONAL, COM 26874Q100 12,760 209,150 SH SOLE 209,150
EXXON MOBIL CORP. COM 30231G102 18,034 215,000 SH SOLE 215,000
FIFTH THIRD BANC COM 316773100 11,136 280,000 SH SOLE 280,000
FLORIDA ROCK INDUSTRI COM 341140101 13,500 200,000 SH SOLE 200,000
GANNETT INC. COM 364730101 6,182 112,500 SH SOLE 112,500
GENENTECH, INC COM 368710406 16,645 220,000 SH SOLE 220,000
GENERAL ELECTRIC CO. COM 369604103 56,949 1,487,700 SH SOLE 1,487,700
HARLEY DAVIDSON COM 412822108 7,153 120,000 SH SOLE 120,000
ILLINOIS TOOL WORKS COM 452308109 13,548 250,000 SH SOLE 250,000
INTEL CORP COM 458140100 19,008 800,000 SH SOLE 800,000
INVESTORS FINANCIAL S COM 461915100 22,047 357,500 SH SOLE 357,500
JOHNSON & JOHNSON COM 478160104 15,713 255,000 SH SOLE 255,000
LOWE'S COS INC. COM 548661107 17,647 575,000 SH SOLE 575,000
MARATHON OIL CO. COM 565849106 14,390 240,000 SH SOLE 240,000
MASCO CORP COM 574599106 12,812 450,000 SH SOLE 450,000
MDU RESOURCES GROUP, COM 552690109 15,773 562,500 SH SOLE 562,500
MEDTRONIC INC. COM 585055106 16,077 310,000 SH SOLE 310,000
MICROSOFT CORP COM 594918104 34,775 1,180,000 SH SOLE 1,180,000
MORGAN STANLEY CO. COM 617446448 12,582 150,000 SH SOLE 150,000
MURPHY OIL CORP. COM 626717102 2,288 38,500 SH SOLE 38,500
NEWELL RUBBERMAID INC COM 651229106 11,772 400,000 SH SOLE 400,000
ORACLE CORP COM 68389X105 21,681 1,100,000 SH SOLE 1,100,000
OSHKOSH TRUCK CORP. COM 688239201 16,988 270,000 SH SOLE 270,000
PEPSI CO. INC. COM 713448108 25,940 400,000 SH SOLE 400,000
PETROLEUM & RESOURCES COM 716549100 84,453 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 28,638 1,120,000 SH SOLE 1,120,000
PNC FINANCIAL SERVICE COM 693475105 14,316 200,000 SH SOLE 200,000
PROCTER & GAMBLE COMP COM 742718109 20,805 340,000 SH SOLE 340,000
PROSPERITY BANCSHARES COM 743606105 6,552 200,000 SH SOLE 200,000
ROHM & HAAS CO. COM 775371107 21,872 400,000 SH SOLE 400,000
RYLAND GROUP INC. COM 783764103 11,398 305,000 SH SOLE 305,000
SAFEWAY, INC COM 786514208 13,272 390,000 SH SOLE 390,000
SCHLUMBERGER LTD COM 806857108 32,277 380,000 SH SOLE 380,000
SENOMYX INC. COM 81724Q107 7,425 550,000 SH SOLE 550,000
SPECTRA ENERGY CORP. COM 847560109 7,938 305,780 SH SOLE 305,780
SPIRIT AEROSYSTEMS COM CL A 848574109 14,240 395,000 SH SOLE 395,000
TARGET CORP. COM 87612E106 18,444 290,000 SH SOLE 290,000
TEVA PHARMACEUTICAL I COM 881624209 15,881 385,000 SH SOLE 385,000
THE COCA-COLA CO. COM 191216100 10,462 200,000 SH SOLE 200,000
UNILEVER PLC ADR SPON ADR NEW 904767704 17,743 550,000 SH SOLE 550,000
UNITED PARCEL SERVICE COM CL B 911312106 11,315 155,000 SH SOLE 155,000
UNITED TECHNOLOGIES COM 913017109 21,279 300,000 SH SOLE 300,000
WACHOVIA CORP. COM 929903102 24,087 470,000 SH SOLE 470,000
WELLS FARGO COMPANY COM 949746101 22,861 650,000 SH SOLE 650,000
WILMINGTON TRUST CORP COM 971807102 15,068 363,000 SH SOLE 363,000
WINDSTREAM CORP COM 97381W104 4,578 310,178 SH SOLE 310,178
WYETH COMPANY COM 983024100 18,636 325,000 SH SOLE 325,000
ZIMMER HLDGS INC. COM 98956P102 10,611 125,000 SH SOLE 125,000
1,404,857