UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 30, 2001
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: __(401) 752-5900________
Signature, Place, and Date of Signing:
__(signed)_Christine M. Sloan Baltimore, Md. October 19 2001
[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 portion are reported by other reporting
manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
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: ____101______
Form 13F Information Table Value Total: $_1,291______
(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 13F File Number Name
____ 28- NONE____________ ________________________
[Repeat as necessary.]
FORM 13F INFORMATION TABLE
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COL. 6 COLUMN 7 COLUMN 8
------------------------------- -------- -------- -------- ------------------ ------ -------- ----------------------
TITLE OF VALUE - OTHER
NAME OF ISSUER CLASS CUSIP (x$1000) INVSTM MANAGERS
T
DSCRET
N
SHARES/ SH/P PUT/ VOTING AUTHORITY
PRIN.AMT RN CALL
SOLE SHARE NONE
D
ABBOTT LABORATORIES COM 002824100 18,147 350,000 SH SOLE 350,000
AFFYMETRIX INC. COM 00826T108 3,371 210,000 SH SOLE 210,000
AMBAC FINANCIAL GROUP, INC. COM 023139108 31,152 569,400 SH SOLE 569,400
AMERICAN HOME PRODUCTS CORP. COM 026609107 17,475 300,000 SH SOLE 300,000
AMERICAN INT'L. GROUP INC. COM 026874107 59,231 759,375 SH SOLE 759,375
AMERICAN TOWER CORP 5% CV DEB 029912AE2 7,100 10,000,000 PRIN SOLE 10,000,000
ANNUITY AND LIFE RE HOLDINGS COM G03910109 16,975 500,000 SH SOLE 500,000
APPLERA CORP. COM 038020103 5,124 210,000 SH SOLE 210,000
BJ WHOLESALE CLUB COM 05548J106 15,711 330,000 SH SOLE 330,000
BMC SOFTWARE INC. COM 055921100 3,937 310,000 SH SOLE 310,000
BP PLC ADRS 055622104 13,276 270,000 SH SOLE 270,000
BANKNORTH GROUP, INC. COM 06646R107 10,580 474,000 SH SOLE 474,000
BAXTER INTERNATIONAL COM 071813109 28,075 510,000 SH SOLE 510,000
BEA SYSTEMS INC. COM 073325102 3,548 370,000 SH SOLE 370,000
BELLSOUTH CORP. COM 079860102 18,282 440,000 SH SOLE 440,000
BLACK & DECKER CORP. COM 091797100 9,360 300,000 SH SOLE 300,000
BLACK HILLS CORP. COM 092113109 16,939 555,000 SH SOLE 555,000
BRISTOL MYERS SQUIBB COM 110122108 5,834 105,000 SH SOLE 105,000
CALIPER TECHNOLOGIES COM 130876105 1,857 200,800 SH SOLE 200,800
CALIPER TECHNOLOGIES PUT 130876905 224 24,200 PUT
CALPINE CORP. COM 131347106 912 40,000 SH SOLE 40,000
CALPINE CAPITAL TRUST PFD 131346207 13,395 182,250 SH SOLE 182,250
CANADIAN NATIONAL RAILWAY. COM 136375102 3,234 85,000 SH SOLE 85,000
CANADIAN NATIONAL RAILWAY 5.25% PFD QUIDS 136375409 9,233 170,000 SH SOLE 170,000
CINERGY CORP. COM 172474108 9,261 300,000 SH SOLE 300,000
CISCO SYSTEMS, INC. COM 17275R102 22,350 1,835,000 SH SOLE 1,835,000
CISCO SYTEMS, INC. CALL 17275R102 609 50,000 CALL
CITIGROUP INC. COM 172967101 16,241 401,023 SH SOLE 401,023
COCA-COLA CO. COM 191216100 7,965 170,000 SH SOLE 170,000
CORNING, INC. COM 219350105 10,319 1,170,000 SH SOLE 1,170,000
CORNING, INC. CALL 219350901 441 50,000 CALL
DEAN FOODS CO. COM 242361103 13,875 300,000 SH SOLE 300,000
DIAMONDCLUSTER INTER. COM 25278P106 4,654 472,500 SH SOLE 472,500
DIAMONDCLUSTER INTER. PUT 25278P956 246 25,000 PUT
DUKE ENERGY CORP COM 264399106 13,437 355,000 SH SOLE 355,000
DUKE ENERGY 8.25% UNITS PFD 264399585 10,520 400,000 SH SOLE 400,000
ELAN CORP. PLC ADRS 284131208 26,647 550,000 SH SOLE 550,000
ENGELHARD CORP. COM 292845104 12,243 530,000 SH SOLE 530,000
ENRON CORP. COM 293561106 12,254 450,000 SH SOLE 450,000
ERICSSON (L.M.) TELEPHONE CO. COM 294821400 6,980 2,000,000 SH SOLE 2,000,000
EXXON MOBIL CORP. COM 30231G102 12,483 316,836 SH SOLE 316,836
FEDERAL HOME LOAN MORTGAGE CORP. COM 313400301 22,425 345,000 SH SOLE 345,000
GENENTECH, INC. COM 368710406 17,600 400,000 SH SOLE 400,000
GENERAL ELECTRIC CO. COM 369604103 61,380 1,650,000 SH SOLE 1,650,000
GLAXOSMITHKLINE PLC COM 37733W105 14,050 250,360 SH SOLE 250,360
GLOBAL CROSSING 6.75% CV PFD G3921A134 1,400 40,000 SH SOLE 40,000
GREENPOINT FINANCIAL CORP. COM 395384100 15,268 435,000 SH SOLE 435,000
HCA INC. COM 404119109 17,281 390,000 SH SOLE 390,000
HERSHEY FOODS CORP COM 427866108 7,191 110,000 SH SOLE 110,000
HUMAN GENOME SCIENCES COM 444903108 6,162 200,000 SH SOLE 200,000
ITT INDUSTRIES COM 450911102 15,904 355,000 SH SOLE 355,000
INTEL CORP. COM 458140100 14,069 690,000 SH SOLE 690,000
INVESTORS FINANCIAL SERV. CORP. COM 461915100 29,396 510,000 SH SOLE 510,000
INVESTORS FINANCIAL SERV. CORP. CALL 461915901 2,594 45,000 CALL
IVEX PACKAGING CORP. COM 465855104 8,866 520,000 SH SOLE 520,000
JOHNSON & JOHNSON COM 478160104 19,944 360,000 SH SOLE 360,000
KEYSPAN CORP. COM 49337W100 13,296 400,000 SH SOLE 400,000
LILLY (ELI) & CO. COM 532457108 15,333 190,000 SH SOLE 190,000
LUCENT TECHNOLOGIES INC. COM 549463107 2,292 400,000 SH SOLE 400,000
MEAD CORP. COM 582834107 11,072 400,000 SH SOLE 400,000
MELLON BANK CORP. COM 58551A108 13,579 420,000 SH SOLE 420,000
MERCK & CO., INC. COM 589331107 16,650 250,000 SH SOLE 250,000
MINNESOTA MINING & MFG COM 604059105 28,044 285,000 SH SOLE 285,000
MIRANT CORP COM 604675108 8,760 400,000 SH SOLE 400,000
MOTOROLA, INC. COM 620076109 7,732 495,622 SH SOLE 495,622
NEXTEL COMMUNICATIONS, INC. COM 65332V103 9,006 1,040,000 SH SOLE 1,040,000
NEXTEL COMM, INC. 5.25%DUE 1/15/2010 DEB 65332VA49 4,738 10,000,000 PRIN SOLE 10,000,000
NOKIA CORP. PFD ADRS 654902204 28,796 1,840,000 SH SOLE 1,840,000
NOKIA CORP. PFD CALL 654902801 704 45,000 CALL
NORTHWESTERN CORP. COM 668074107 11,000 500,000 SH SOLE 500,000
ORACLE CORP COM 68389X105 14,844 1,180,000 SH SOLE 1,180,000
ORION POWER HOLDINGS COM 686286105 18,156 712,000 SH SOLE 712,000
PEPSICO, INC. COM 713448108 15,278 315,000 SH SOLE 315,000
PETROLEUM & RESOURCES CORP. COM 716549100 43,366 1,913,761 SH SOLE 1,913,761
PFIZER,INC. COM 717081103 6,617 165,000 SH SOLE 165,000
PHARMACIA CORP. COM 71713U102 14,962 368,900 SH SOLE 368,900
PHILADELPHIA SUBURBAN CORP COM 718009608 3,466 132,000 SH SOLE 132,000
PROCTER & GAMBLE CO. COM 742718109 12,374 170,000 SH SOLE 170,000
PROVIDENT BANKSHARES CORP. COM 743859100 6,935 335,021 SH SOLE 335,021
QRS CORP. COM 74726X105 3,507 417,500 SH SOLE 417,500
QWEST COMM. INTL INC 5.75% DUE 2003 TRENDS 74912L105 18,427 538,000 SH SOLE 538,000
RCN CORP COM 749361101 896 280,000 SH SOLE 280,000
SBC COMMUNICATIONS INC. COM 78387G103 32,984 700,000 SH SOLE 700,000
SAPIENT CORP COM 803062108 4,428 1,150,000 SH SOLE 1,150,000
SIEBEL SYSTEMS INC. COM 826170102 2,537 195,000 SH SOLE 195,000
SIEBEL SYSTEMS INC. PUT 926170952 195 15,000 PUT
SOLECTRON CORP. COM 834182107 23,300 2,000,000 SH SOLE 2,000,000
SUN MICROSYSTEMS INC. COM 866810104 4,259 515,000 SH SOLE 515,000
SYMANTEC CORP. COM 871503108 6,327 182,500 SH SOLE 182,500
TECO ENERGY, INC COM 872375100 17,615 650,000 SH SOLE 650,000
TIFFANY & COMPANY COM 886547108 7,578 350,000 SH SOLE 350,000
TIME WARNER TELECOM COM 887319101 2,933 404,500 SH SOLE 404,500
UNITED PARCEL SERVICE COM 911312106 15,594 300,000 SH SOLE 300,000
UNITED PARCEL SERVICE PUT 911312905 780 15,000 PUT
UNITED TECHNOLOGIES COM 913017109 18,600 400,000 SH SOLE 400,000
VERTEX PHARMACEUTICALS INC. COM 92532F100 4,474 248,016 SH SOLE 248,016
VODAFONE AIRTOUCH PLC ADRS 92857W100 10,818 492,614 SH SOLE 492,614
WACHOVIA CORP. COM 929903102 11,780 380,000 SH SOLE 380,000
WELLS FARGO & CO. COM 949746101 24,448 550,000 SH SOLE 550,000
WILLIAMS COMPANIES, INC. COM 969457100 13,650 500,000 SH SOLE 500,000
WILMINGTON TRUST CORP. COM 971807102 11,592 210,000 SH SOLE 210,000
1,290,749