BALTIMORE, MARYLAND -- FEBRUARY 6, 2008 - The Adams Express Company (NYSE:ADX) provides this update on portfolio holdings as of December 31, 2007. The Company will mail its 2007 Annual Report on or about February 19, 2008.
TOP TEN HOLDINGS
The ten largest portfolio holdings were:
Company |
% of Net Assets |
| Petroleum & Resources Corp.* |
6.10% |
| General Electric |
3.70% |
|
Microsoft |
3.10% |
|
Schlumberger |
2.70% |
|
PepsiCo |
2.20% |
|
Bank of America |
2.20% |
|
American International Group |
2.10% |
|
State Street |
1.90% |
|
ConocoPhillips |
1.90% |
|
Pfizer |
1.90% |
|
|
27.8% |
* Non-controlled affiliate
SECTOR WEIGHTINGS
The portfolio weightings for the major sectors that the Fund invests in were:
| Consumer |
17.40% |
| Industrials |
14.90% |
| Energy |
14.20% |
| Financials |
14.10% |
| Information Technology |
11.40% |
| Health Care |
10.70% |
| Short-Term Investments |
6.60% |
| Materials |
5.20% |
| Utilities |
3.80% |
| Telecom Services |
1.50% |
The Adams Express Company is a Baltimore-based closed-end investment company. It is traded on the New York Stock Exchange under the symbol ADX.
# # #
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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