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, 2009
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 requried 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:
/s/ Christine M. Sloan Baltimore, MD February 16, 2010
[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 reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a protion are
reported by other reporting manager(s).)
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 77
Form 13F Information Table Value Total: $996,944
(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.
NONE
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/ SH/ PUT/ INV OTHER VOTING
000's PRN AMT PRN CALL DISCRETN MANAGER AUTHORITY
SOLE SHARED NONE
>C>
ABBOTT LABORATORIES COM 002824100 17,277 320,000 SH SOLE 320,000
APPLE INC. COM 037833100 15,815 75,000 SH SOLE 75,000
AT&T CORP. COM 00206R102 11,212 400,000 SH SOLE 400,000
AUTOMATIC DATA PROCES COM 053015103 12,846 300,000 SH SOLE 300,000
AVON PRODUCTS, INC. COM 054303102 10,225 324,600 SH SOLE 324,600
BANK OF AMERICA CORP. COM 060505104 17,093 1,135,000 SH SOLE 1,135,000
BANK OF AMERICA CORP. UNIT 99/99/9999 060505419 746 50,000 SH SOLE 50,000
BANK OF NEW YORK MELL COM 064058100 11,294 403,775 SH SOLE 403,775
BRISTOL-MYERS SQUIBB COM 110122108 4,016 159,061 SH SOLE 159,061
BROADCOM CORP. COM 111320107 12,580 400,000 SH SOLE 400,000
BUNGE LTD. COM G16962105 10,213 160,000 SH SOLE 160,000
CAPITAL ONE FINANCIAL COM 14040H105 8,051 210,000 SH SOLE 210,000
CHEVRON CORP. COM 166764100 15,398 200,000 SH SOLE 200,000
CINTAS CORP. COM 172908105 7,815 300,000 SH SOLE 300,000
CISCO SYSTEMS, INC. COM 17275R102 20,349 850,000 SH SOLE 850,000
CLIFFS NATURAL RESOURCESCOM 18683K101 1,217 26,400 SH SOLE 26,400
COCA-COLA CO. COM 191216100 14,250 250,000 SH SOLE 250,000
CONOCOPHILLIPS COM 20825C104 5,107 100,000 SH SOLE 100,000
CONSOL ENERGY INC. COM 20854P109 9,960 200,000 SH SOLE 200,000
CURTISS-WRIGHT CORP. COM 231561101 11,275 360,000 SH SOLE 360,000
CVS/CAREMARK CORP. COM 126650100 9,180 285,000 SH SOLE 285,000
DEAN FOODS CO. COM 242370104 7,667 425,000 SH SOLE 425,000
DEL MONTE FOODS CO. COM 24522P103 11,340 1,000,000 SH SOLE 1,000,000
DELL INC. COM 24702R101 4,093 285,000 SH SOLE 285,000
EMERSON ELECTRIC CO. COM 291011104 12,780 300,000 SH SOLE 300,000
EXXON MOBIL CORP. COM 30231G102 14,661 215,000 SH SOLE 215,000
FREEPORT-MCMORAN COPP COM 35671D857 8,832 110,000 SH SOLE 110,000
GENERAL ELECTRIC CO. COM 369604103 22,513 1,488,000 SH SOLE 1,488,000
GILEAD SCIENCES INC. COM 375558103 8,656 200,000 SH SOLE 200,000
GOOGLE INC. COM 38259P508 12,400 20,000 SH SOLE 20,000
HALLIBURTON CO. COM 406216101 9,027 300,000 SH SOLE 300,000
HANSEN NATURAL CORP. COM 411310105 9,984 260,000 SH SOLE 260,000
HARSCO CORP. COM 415864107 9,991 310,000 SH SOLE 310,000
HOSPIRA INC. COM 441060100 11,475 225,000 SH SOLE 225,000
ILLINOIS TOOL WKS INC COM 452308109 11,998 250,000 SH SOLE 250,000
INTEL CORP. COM 458140100 17,136 840,000 SH SOLE 840,000
JOHNSON & JOHNSON COM 478160104 16,425 255,000 SH SOLE 255,000
JPMORGAN CHASE & CO. COM 46625H100 18,752 450,000 SH SOLE 450,000
LOWE'S COMPANIES, INC COM 548661107 14,034 600,000 SH SOLE 600,000
MASCO CORP. COM 574599106 6,215 450,000 SH SOLE 450,000
MCDONALD'S CORP. COM 580135101 15,610 250,000 SH SOLE 250,000
MDU RES GROUP INC. COM 552690109 13,275 562,500 SH SOLE 562,500
MEAD JOHNSON NUTRITION COM CL A 582839106 5,130 117,383 SH SOLE 117,383
MEDTRONIC, INC. COM 585055106 15,393 350,000 SH SOLE 350,000
MICROSOFT CORP. COM 594918104 35,978 1,180,000 SH SOLE 1,180,000
MORGAN STANLEY COM 617446448 8,880 300,000 SH SOLE 300,000
NEWELL RUBBERMAID INC COM 651229106 6,004 400,000 SH SOLE 400,000
NORTHEAST UTILITIES COM 664397106 9,027 350,000 SH SOLE 350,000
NORTHWEST NATURAL GAS COM 667655104 9,008 200,000 SH SOLE 200,000
ORACLE CORP. COM 68389X105 26,994 1,100,000 SH SOLE 1,100,000
OSHKOSH CORP. COM 688239201 14,071 380,000 SH SOLE 380,000
PEPSICO, INC. COM 713448108 21,888 360,000 SH SOLE 360,000
PETROLEUM & RESOURCES COM 716549100 51,914 2,186,774 SH SOLE 2,186,774
PFIZER INC COM 717081103 18,465 1,015,125 SH SOLE 1,015,125
PNC FINL SVCS GROUP COM 693475105 14,253 270,000 SH SOLE 270,000
POTASH CORP SASK INC COM 73755L107 5,859 54,000 SH SOLE 54,000
PROCTER & GAMBLE CO. COM 742718109 19,098 315,000 SH SOLE 315,000
PRUDENTIAL FINANCIAL COM 744320102 15,426 310,000 SH SOLE 310,000
QUALCOMM INC. COM 747525103 11,565 250,000 SH SOLE 250,000
RYLAND GROUP INC. COM 783764103 6,767 343,500 SH SOLE 343,500
SAFEWAY INC. COM 786514208 8,303 390,000 SH SOLE 390,000
SENOMYX, INC. COM 81724Q107 4,842 1,284,400 SH SOLE 1,284,400
SPECTRA ENERGY CORP. COM 847560109 8,323 405,780 SH SOLE 405,780
SPIRIT AEROSYSTEMS HLDG COM CL A 848574109 14,299 720,000 SH SOLE 720,000
STATE STREET CORP. COM 857477103 10,014 230,000 SH SOLE 230,000
TARGET CORP. COM 87612E106 15,478 320,000 SH SOLE 320,000
TATA MTRS LTD. SPON ADR 876568502 16,860 1,000,000 SH SOLE 1,000,000
TEVA PHARMACEUTICAL INDSADR 881624209 18,539 330,000 SH SOLE 330,000
TRANSOCEAN LTD. REG SHS H8817H100 13,248 160,000 SH SOLE 160,000
UNILEVER PLC ADR SPON ADR NEW 904767704 23,009 721,300 SH SOLE 721,300
UNITED TECHNOLOGIES CORPCOM 913017109 20,823 300,000 SH SOLE 300,000
UNITEDHEALTH GROUP IN COM 91324P102 4,267 140,000 SH SOLE 140,000
VISA INC. COM CL A 92826C839 16,617 190,000 SH SOLE 190,000
WALT DISNEY CO. COM 254687106 15,480 480,000 SH SOLE 480,000
WELLS FARGO & CO. COM 949746101 11,471 425,000 SH SOLE 425,000
WGL HOLDINGS INC. COM 92924F106 8,002 238,600 SH SOLE 238,600
ZIMMER HOLDINGS, INC. COM 98956P102 8,866 150,000 SH SOLE 150,000
996,944