Annual Reports Download PDF Version

CLOSE THIS WINDOW

Annual Report 1998

PRINCIPAL CHANGES IN PORTFOLIO SECURITIES
During the Three Months Ended December 31, 1998 (unaudited)

              																Shares
                                                        ---------------------------------------------
                                                                                            Held
                                                        Additions        Reductions     Dec. 31, 1998
                                                        ---------        ----------     -------------

Associates First Capital Corp. Ser. A.................  273,400(1)                        546,800
American Stores Co....................................  124,500                           224,500
Baxter International..................................  245,000                           245,000
BellSouth Corp........................................  220,000(1)                        440,000
Consolidated Papers, Inc..............................  150,000                           375,000
Delta Air Lines, Inc..................................  150,071(1)                        300,142
Enron Oil &Gas Co.....................................  208,000(2)         208,000           --
Frontier Corp.........................................  101,000                           101,000
Northwestern Corp.....................................  445,000                           445,000
NEXTEL Communications Inc.............................   75,000            120,000         95,000
Pall Corp.............................................  150,000                           600,000
Qwest Communications
    International, Inc. 5.75% TRENDS Pfd. due 2003....  125,000                           125,000
Williams Companies, Inc...............................  106,000                           243,000
Boeing Co.............................................                     148,400         50,000
Caterpillar Inc.......................................                     270,000           --
Enron Corp. 6.25% Exch. Notes due 1998 ...............                     411,900(2)        --
Penney (J.C.) Co., Inc................................                     180,000           --
Qwest Communications International, Inc...............                     125,000        411,406
----------


(1) By stock split.
(2) Received a share of Enron Oil & Gas Co. in exchange for each share of Enron
    Corp. 6.25% Exch. Notes held.

Common Stock
Listed on the New York Stock Exchange
and the Pacific Exchange
The Adams Express Company
Seven St. Paul Street, Suite 1140, Baltimore, MD 21202
Website: www.adamsexpress.com
E-mail: contact@adamsexpress.com
Telephone: (410) 752-5900 or (800) 638-2479
Counsel: Chadbourne & Parke L.L.P.
Independent Accountants: PricewaterhouseCoopers LLP

Transfer Agent, Registrar & Custodian of Securities
The Bank of New York
101 Barclay Street
New York, NY 10286
The Bank's Shareholder Relations Department: (800) 432-8224
E-mail: Shareowner-svcs@bankofny.com

Return To Top

[Previous Page]  [Next Page]