Adams Express Provides May 31, 2008 Update

* Reuters is not responsible for the content in this press release.

Thu Jun 19, 2008 10:58am EDT 

BALTIMORE, June 19 /PRNewswire-FirstCall/ -- The Adams Express Company
(NYSE: ADX) provides an update on summary financial information, returns on
net asset value, Top 10 portfolio holdings, and sector weightings as of
May 31, 2008:

                        SUMMARY FINANCIAL INFORMATION


    Year-to-date, the Company's unrealized appreciation on assets is
$315,454,544, net investment income is $9,373,151, total realized gain is
$28,225,770, and total return, after adjusting for income dividends as well as
capital gains distributions paid, was -3.8% on net asset value and -8.0% on
market value. Comparable figures for the Standard & Poor's 500 Index and the
Lipper Large Cap Core Mutual Fund Average were -3.8% and -4.0%, respectively.
The Company had 86,787,598 shares outstanding
                               TOP TEN HOLDINGS

                                             Market Value      % of Net Assets
    Petroleum & Resources Corporation *      $93,112,837             7.2
    General Electric Co.                      42,639,360             3.3
    Schlumberger Ltd.                         38,429,400             2.9
    Microsoft Corp.                           33,417,600             2.6
    ConocoPhillips                            27,464,500             2.1
    Oracle Corp.                              25,124,000             1.9
    Bank of America Corp.                     24,827,300             1.9
    Pepsi Co.                                 24,588,000             1.9
    Air Products and Chemicals, Inc.          23,441,600             1.8
    Cisco Systems                             22,712,000             1.7

    Total                                   $355,756,597            27.3%

    *Non-controlled affiliate

                              SECTOR WEIGHTINGS

    The portfolio weightings for the major sectors that the Fund invests in
were:

    Consumer                   17.5%
    Energy                     15.8%
    Industrials                13.9%
    Information Technology     11.4%
    Health Care                11.0%
    Financial                  10.9%
    Short-Term Investments      5.7%
    Materials                   5.2%
    Utilities                   4.3%
    Telecom                     1.5%


                   For further information please contact:

                          Joseph M. Truta, President
    Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
                         410-752-5900 or 800-638-2479

                       E-mail: contact@adamsexpress.com
                        Website: www.adamsexpress.com

    For your convenience, all press releases are posted to our website.  If
you would like to receive future press releases by fax or e-mail, please let
us know.
SOURCE  The Adams Express Company

Joseph M. Truta, President, or Lawrence L. Hooper, Jr., Vice President,
General Counsel and Secretary, both of The Adams Express Company,
+1-410-752-5900 or +1-800-638-2479, contact@adamsexpress.com
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