UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: December 31, 2000
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. January 24 2000
[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: ____104______
Form 13F Information Table Value Total: $_1,926______
(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 12,352 255,000 SH SOLE 255,000
ALZA CORPORATION COM 022615108 20,400 480,000 SH SOLE 480,000
AMBAC FINANCIAL GROUP, INC. COM 023139108 33,203 569,400 SH SOLE 569,400
AMERICAN HOME PRODUCTS CORP. COM 026609107 19,065 300,000 SH SOLE 300,000
AMERICAN INT'L. GROUP INC. COM 026874107 74,846 759,375 SH SOLE 759,375
AMERICAN TOWER CORP 5% CV DEB 029912AE2 9,150 10,000,000 PRIN SOLE 10,000,000
ANNUITY AND LIFE RE (HOLDINGS), LTD. COM G03910109 22,356 700,000 SH SOLE 700,000
BMC SOFTWARE INC. COM 055607105 4,340 310,000 SH SOLE 310,000
BP AMOCO PLC SPN ADRS 055662104 12,926 270,000 ADR SOLE 270,000
BANKNORTH GROUP, INC. COM 06646L100 9,450 474,000 SH SOLE 474,000
BAXTER INTERNATIONAL COM 071813109 22,520 255,000 SH SOLE 255,000
BELLSOUTH CORP. COM 079860102 18,013 440,000 SH SOLE 440,000
BLACK & DECKER CORP. COM 091797100 11,775 300,000 SH SOLE 300,000
BLACK HILLS CORP. COM 092113109 24,836 555,000 SH SOLE 555,000
CABOT CORP. COM 127055101 12,396 470,000 SH SOLE 470,000
CALPINE CORP. COM 131347106 4,506 100,000 SH SOLE 100,000
CALPINE CORP CALL 131347906 2,704 60,000 CALL
CALPINE CAPITAL TRUST PFD 131346207 32,122 202,500 SH SOLE 202,500
CANADIAN NATIONAL RAILWAY. COM 136375102 1,781 60,000 SH SOLE 60,000
CANADIAN NATIONAL RAILWAY 5.25% PFD QUIDS 136375409 680 15,000 SH SOLE 15,000
CHIRON CORP. COM 170040109 24,475 550,000 SH SOLE 550,000
CINERGY CORP. COM 172474108 10,538 300,000 SH SOLE 300,000
CISCO SYSTEMS, INC. COM 17275R102 70,189 1,835,000 SH SOLE 1,835,000
CITIGROUP INC. COM 172967101 20,477 401,023 SH SOLE 401,023
COCA-COLA CO. COM 191216100 10,359 170,000 SH SOLE 170,000
COCA-COLA CO. PUT 191216950 609 10,000 PUT
CORNING, INC. COM 219350105 61,791 1,170,000 SH SOLE 1,170,000
CORNING, INC CALL 219350905 792 15,000 CALL
DEAN FOODS CO. COM 242361103 9,206 300,000 SH SOLE 300,000
DELPHI AUTOMOTIVE, INC. COM 247126105 4,163 370,000 SH SOLE 370,000
DIAMONDCLUSTER INTER. COM 252762109 9,150 300,000 SH SOLE 300,000
DOVER CORP. COM 260003108 10,546 260,000 SH SOLE 260,000
DUKE ENERGY CORP COM 264399106 22,336 262,000 SH SOLE 262,000
DUKE ENERGY CORP. PUT 264399956 2,131 25,000 PUT
ELAN CORP. PLC ADRS 284131208 25,747 550,000 SH SOLE 550,000
ENGELHARD CORP. COM 292845104 10,799 530,000 SH SOLE 530,000
ENRON CORP. COM 293561106 41,563 500,000 SH SOLE 500,000
ERICSSON (L.M.) TELEPHONE CO. COM 294821400 35,054 3,133,333 SH SOLE 3,133,333
ERICSSON (L.M.) TELEPHONE CO. CALL 294821900 237 20,000 CALL
EXXON MOBIL CORP. COM 30231G102 13,772 158,418 SH SOLE 158,418
FEDERAL HOME LOAN MORTGAGE CORP. COM 313400301 23,762 345,000 SH SOLE 345,000
FIRST DATA CORP. COM 319963104 18,123 343,980 SH SOLE 343,980
GENERAL ELECTRIC CO. COM 369604103 88,924 1,855,000 SH SOLE 1,855,000
GLOBAL CROSSING LTD COM G3921A100 9,217 644,000 SH SOLE 644,000
GLOBAL CROSSING LTD 6.75% CONV DEB G3921A134 5,865 40,000 SH SOLE 40,000
GLAXOSMITHKLINE PLC COM 37733W105 14,020 250,360 SH SOLE 250,360
GREENPOINT FINANCIAL CORP. COM 395384100 17,807 435,000 SH SOLE 435,000
HEWLETT-PACKARD CO. COM 428236103 12,625 400,000 SH SOLE 400,000
INTEL CORP. COM 458140100 20,873 690,000 SH SOLE 690,000
INVESTORS FINANCIAL SERV. CORP. COM 461915100 56,760 660,000 SH SOLE 660,000
IVEX PACKAGING CORP. COM 465855104 10,150 928,000 SH SOLE 928,000
JOHNSON & JOHNSON COM 478160104 18,911 180,000 SH SOLE 180,000
LILLY (ELI) & CO. COM 532457108 17,682 190,000 SH SOLE 190,000
LUCENT TECHNOLOGIES INC. COM 549463107 6,870 508,920 SH SOLE 508,920
MCDONALD'S CORP. COM 580135101 19,040 560,000 SH SOLE 560,000
MEAD CORP. COM 582834107 12,550 400,000 SH SOLE 400,000
MEADIAONE GROUP, INC. 6.25% DUE 2001 PIES 58440J401 6,906 85,000 SH SOLE 85,000
MELLON BANK CORP. COM 585509102 20,659 420,000 SH SOLE 420,000
MERCK & CO., INC. COM 589331107 23,406 250,000 SH SOLE 250,000
MINNESOTA MINING & MFG COM 604059105 34,343 285,000 SH SOLE 285,000
MINNESOTA MINING & MFG PUT 604059955 2,410 20,000 PUT
MOTOROLA, INC. COM 620076109 10,036 485,622 SH SOLE 485,622
NATIONAL CITY CORP. COM 635405103 4,600 160,000 SH SOLE 160,000
NEXTEL COMMUNICATIONS, INC. COM 65332V103 25,740 1,040,000 SH SOLE 1,040,000
NEXTEL COMM, INC. 5.25%DUE 1/15/2010 DEB 65332VAW3 7,337 10,000,000 PRIN SOLE 10,000,000
NOKIA CORP. PFD ADRS 654902204 80,040 1,840,000 SH SOLE 1,840,000
NORTEL NETWORKS LTD COM 656569100 47,773 1,490,000 SH SOLE 1,490,000
NORTHWESTERN CORP. COM 668074107 11,563 500,000 SH SOLE 500,000
ORACLE CORP COM 68389X105 34,294 1,180,000 SH SOLE 1,180,000
ORION POWER HOLDINGS COM 686286105 9,604 390,000 SH SOLE 390,000
PALL CORP. COM 696429307 12,788 600,000 SH SOLE 600,000
PEPSICO, INC. COM 713448108 14,621 295,000 SH SOLE 295,000
PETROLEUM & RESOURCES CORP. COM 716549100 52,270 1,913,760 SH SOLE 1,913,760
PHARMACIA & UPJOHN INC. COM 71713U102 22,503 368,900 SH SOLE 368,900
PROCTER & GAMBLE CO. COM 742718109 10,197 130,000 SH SOLE 130,000
PROCTER & GAMBLE CO. PUT 742718959 2,745 35,000
PROVIDENT BANKSHARES CORP. COM 743859100 6,661 319,068 SH SOLE 319,068
QRS CORP. COM 74726X105 7,495 585,000 SH SOLE 585,000
QWEST COMMUNICATIONS INT'L. INC. COM 749121109 31,160 760,000 SH SOLE 760,000
QWEST COMM. INTL INC 5.75% DUE 2003 TRENDS 74912L105 8,563 125,000 SH SOLE 125,000
RCN CORP COM 749361101 1,768 280,000 SH SOLE 280,000
SBC COMMUNICATIONS INC. COM 78387G103 37,625 787,960 SH SOLE 787,960
SAPIENT CORP COM 803062108 13,728 1,150,000 SH SOLE 1,150,000
SAPIENT CORP CALL 803062908 119 10,000 CALL
SCHLUMBERGER, LTD COM 806857108 7,066 88,400 SH SOLE 88,400
SOLECTRON CORP. COM 834182107 67,800 2,000,000 SH SOLE 2,000,000
SUN MICROSYSTEMS INC. COM 866810104 11,150 400,000 SH SOLE 400,000
SUN MICROSYSTEMS INC. PUT 866810954 557 20,000 PUT
SYMANTEC CORP. COM 871503108 7,426 222,500 SH SOLE 222,500
TECO ENERGY, INC COM 872375100 9,712 300,000 SH SOLE 300,000
TIFFANY & COMPANY COM 886547108 11,069 350,000 SH SOLE 350,000
TIME WARNER INC. COM 887315109 7,771 148,752 SH SOLE 148,752
TIME WARNER TELECOM COM 887319101 25,660 404,500 SH SOLE 404,500
UNITED PARCEL SERVICE COM 911312106 10,292 175,000 SH SOLE 175,000
UNITED PARCEL SERVICE PUT 911312956 3,235 55,000
UNITED TECHNOLOGIES COM 913017109 20,049 255,000 SH SOLE 255,000
VERTEX PHARMACEUTICALS INC. COM 92532F100 17,733 248,016 SH SOLE 248,016
VODAFONE AIRTOUCH PLC ADRS 92857T107 10,296 287,500 SH SOLE 287,500
WACHOVIA CORP. COM 929771103 11,044 190,000 SH SOLE 190,000
WELLS FARGO & CO. COM 949746101 30,628 550,000 SH SOLE 550,000
WILLIAMS COMMUNICATIONS GROUP INC. COM 969455104 5,875 500,000 SH SOLE 500,000
WILLIAMS COMPANIES, INC. COM 969457100 19,969 500,000 SH SOLE 500,000
WILMINGTON TRUST CORP. COM 971807102 13,033 210,000 SH SOLE 210,000
WORLDCOM INC. COM 98157D106 7,700 550,000 SH SOLE 550,000
1,925,553