Adams Express Company - Press Release

Building For The Future With Solid Investments

TODAY IS:

March 28, 2006

ADAMS EXPRESS PROVIDES YEAR-TO-DATE SHAREHOLDER UPDATE AT ANNUAL MEETING IN ORLANDO

BALTIMORE, MARYLAND -- MARCH 28, 2006 - The Adams Express Company held its Annual Meeting in Orlando, Florida, today and provided this update to its shareholders. The information was updated through March 17, 2006:

TOP TEN HOLDINGS

The ten largest portfolio holdings were:

Company	% of Net Assets
Petroleum & Resources Corp.*	4.9
General Electric Co.	3.9
American International Group, Inc.	2.6
Microsoft	2.4
Pfizer Inc.	2.2
PepsiCo Inc.	2.0
Cisco Systems, Inc.	2.0
Bank of America	1.9
AMBAC Financial Group, Inc.	1.8
Schlumberger	1.8

	25.5%
* Non-controlled affiliate

SECTOR WEIGHTINGS

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

Consumer Staples	10.2%
Consumer Discretionary	6.9%
Energy	10.9%
Financial	16.9%
Health Care	13.2%
Industrials	13.0%
Materials	5.9%
Technology	13.3%
Telecom	3.2%
Utilities	4.6%
Cash & Equivalent	1.9%

PORTFOLIO UPDATE

The Company reported that it has added Florida Rock, Masco, and Morgan Stanley to its portfolio holdings, and has increased its holdings in Bankatlantic Bancorp. and Wachovia Corp.

The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange and Pacific Exchange, and its symbol is ADX.

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For further information, please contact:

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

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

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