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, 2005
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 27, 2005
[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: $ 1,233,600
(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 COLUMN 7 COLUMN 8
NAME OF ISSUER TITLE OF CLASS CUSIP VALUE IN SHARES/PRN OTHER VOTING AUTHORITY
000's AMOUNT MANAGERS
SH/PUT/ INVSTM SOLE SHAREDNONE
PRNCALL DISCRETN
>C>
3M COMPANY COM 88579Y101 11,738 160,000 SH SOLE 160,000
ABBOTT LABS COM 002824100 14,840 350,000 SH SOLE 350,000
AIR PRODUCTS & CHEMICALS COM 009158106 13,785 250,000 SH SOLE 250,000
ALLTEL CORP. COM 020039103 19,533 300,000 SH SOLE 300,000
AMBAC FINANCIAL GROUP COM 023139108 21,258 295,000 SH SOLE 295,000
AMERICAN INT'L GROUP INC COM 026874107 30,980 500,000 SH SOLE 500,000
AQUA AMERICA, INC. COM 03836W103 34,218 900,000 SH SOLE 900,000
AUTOMATIC DATA PROCESSIN COM 053015103 12,912 300,000 SH SOLE 300,000
AVAYA INC. COM 053499109 6,180 600,000 SH SOLE 600,000
BANK OF AMERICA COM 060505104 23,155 550,000 SH SOLE 550,000
BANKATLANTIC BANCORP CL A 065908501 5,097 300,000 SH SOLE 300,000
BEA SYSTEMS INC. COM 073325102 7,184 800,000 SH SOLE 800,000
BELLSOUTH CORP COM 079860102 5,260 200,000 SH SOLE 200,000
BJ WHOLESALE CLUB COM 05548J106 13,900 500,000 SH SOLE 500,000
BLACK HILLS CORP COM 092113109 10,626 245,000 SH SOLE 245,000
BP P.L.C. SPONSORED ADR 055622104 19,130 270,000 SH SOLE 270,000
BRISTOL MYERS SQUIBB COM 110122108 8,301 345,000 SH SOLE 345,000
BUNGE LTD. COM G16962105 10,787 205,000 SH SOLE 205,000
CINTAS CORP. COM 172908105 12,315 300,000 SH SOLE 300,000
CISCO SYSTEMS COM 17275R102 21,516 1,200,000 SH SOLE 1,200,000
CLEAR CHANNEL COMMUNICAT COM 184502102 11,512 350,000 SH SOLE 350,000
COMCAST CORP. CL A 20030N101 10,283 350,000 SH SOLE 350,000
COMPASS BANKSHARES INC. COM 20449H109 13,749 300,000 SH SOLE 300,000
CONOCOPHILLIPS COM 20825C104 26,566 380,000 SH SOLE 380,000
CORNING INC COM 219350105 11,888 615,000 SH SOLE 615,000
CREE INC. COM 225447101 12,510 500,000 SH SOLE 500,000
CURTISS-WRIGHT CORP COM 231561101 12,064 195,500 SH SOLE 195,500
DEAN FOODS COM 242370104 19,430 500,000 SH SOLE 500,000
DEL MONTE FOODS COM 24522P103 11,964 1,115,000 SH SOLE 1,115,000
DELL INC. COM 24702R101 13,680 400,000 SH SOLE 400,000
DIAMONDCLUSTER INTERNATI COM 25278P106 3,771 497,500 SH SOLE 497,500
DONNELLEY R R & SONS CO. COM 257867101 9,638 260,000 SH SOLE 260,000
DUKE ENERGY CORP. COM 264399106 17,839 611,560 SH SOLE 611,560
DUPONT EI DE NEMOURS COM 263534109 14,101 360,000 SH SOLE 360,000
EMERSON ELECTRIC COM 291011104 14,360 200,000 SH SOLE 200,000
EXXON MOBIL CORP. COM 30231G102 8,260 130,000 SH SOLE 130,000
FIFTH THIRD BANC COM 316773100 9,917 270,000 SH SOLE 270,000
GANNETT INC. COM 364730101 6,711 97,500 SH SOLE 97,500
GENENTECH, INC COM 368710406 20,210 240,000 SH SOLE 240,000
GENERAL ELECTRIC CO. COM 369604103 50,091 1,487,700 SH SOLE 1,487,700
HCA INC. COM 404119109 14,855 310,000 SH SOLE 310,000
ILLINOIS TOOL WORKS COM 452308109 10,291 125,000 SH SOLE 125,000
INTEL CORP COM 458140100 7,642 310,000 SH SOLE 310,000
INVESTORS FINANCIAL SERV COM 461915100 12,502 380,000 SH SOLE 380,000
JOHNSON & JOHNSON COM 478160104 16,136 255,000 SH SOLE 255,000
KEYSPAN CORP. COM 49337W100 5,149 140,000 SH SOLE 140,000
LAB CORP. OF AMERICA COM 50540R409 11,447 235,000 SH SOLE 235,000
LUCENT TECHNOLOGIES COM 549463107 9,425 2,900,000 SH SOLE 2,900,000
MARTIN MARIETTA MATERIAL COM 573284106 9,415 120,000 SH SOLE 120,000
MDU RESOURCES GROUP, INC COM 552690109 20,499 575,000 SH SOLE 575,000
MEDIMMUNE INC. COM 584699102 7,571 225,000 SH SOLE 225,000
MEDTRONIC INC. COM 585055106 16,622 310,000 SH SOLE 310,000
MICROSOFT CORP COM 594918104 29,332 1,140,000 SH SOLE 1,140,000
MURPHY OIL CORP. COM 626717102 10,453 209,600 SH SOLE 209,600
NEWELL RUBBERMAID INC. COM 651229106 11,665 515,000 SH SOLE 515,000
NORTHFORK BANKCORP COM 659424105 11,475 450,000 SH SOLE 450,000
ORACLE CORP COM 68389X105 10,903 880,000 SH SOLE 880,000
OUTBACK STEAKHOUSE INC. COM 689899102 10,980 300,000 SH SOLE 300,000
PEPSI CO. INC. COM 713448108 24,952 440,000 SH SOLE 440,000
PETROLEUM & RESOURCES CO COM 716549100 69,411 1,985,996 SH SOLE 1,985,996
PFIZER INC COM 717081103 27,966 1,120,000 SH SOLE 1,120,000
PROCTER & GAMBLE COMPANY COM 742718109 20,216 340,000 SH SOLE 340,000
PROVIDENT BANKSHARES COR COM 743859100 3,826 110,000 SH SOLE 110,000
ROHM & HAAS CO. COM 775371107 16,452 400,000 SH SOLE 400,000
SAFEWAY, INC COM 786514208 10,829 423,000 SH SOLE 423,000
SAPIENT CORP COM 803062108 7,188 1,150,000 SH SOLE 1,150,000
SBC COMMUNICATIONS COM 78387G103 14,262 595,000 SH SOLE 595,000
SCHLUMBERGER LTD COM 806857108 16,032 190,000 SH SOLE 190,000
SIEBEL SYSTEMS INC. COM 826170102 8,264 800,000 SH SOLE 800,000
SMURFIT-STONE CONTAINER COM 832727101 6,734 650,000 SH SOLE 650,000
SOLECTRON CORP COM 834182107 7,234 1,850,000 SH SOLE 1,850,000
SYMANTEC CORP. COM 871503108 9,064 400,000 SH SOLE 400,000
TARGET CORP. COM 87612E106 21,291 410,000 SH SOLE 410,000
THE COCA-COLA CO. COM 191216100 8,638 200,000 SH SOLE 200,000
UNILEVER PLC ADR SPON ADR NEW 904767704 14,566 345,000 SH SOLE 345,000
UNITED PARCEL SERVICES, COM CL B 911312106 10,715 155,000 SH SOLE 155,000
UNITED TECHNOLOGIES COM 913017109 15,552 300,000 SH SOLE 300,000
VODAFONE GROUP PLC SPONSORED ADR 92857W100 12,793 492,613 SH SOLE 492,613
WACHOVIA CORP. NEW COM 929903102 17,608 370,000 SH SOLE 370,000
WELLS FARGO COMPANY COM 949746101 23,428 400,000 SH SOLE 400,000
WILMINGTON TRUST CORP. COM 971807102 15,309 420,000 SH SOLE 420,000
WYETH COMPANY COM 983024100 15,038 325,000 SH SOLE 325,000
ZIMMER HLDGS INC. COM 98956P102 8,611 125,000 SH SOLE 125,000
1,233,600