Adams Express Company Reports Nine Month Performance
Adams Express Company

BALTIMORE, MARYLAND, October 11, 2007 -- The Adams Express Company (ADX) today announced its performance for the nine-month period ended September 30, 2007. The total return on net asset value, with dividends and capital gains reinvested, was 10.4%. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were 9.1% and 9.0%, respectively. The total return on Adams Express' market value was 8.9%.

For the twelve months ended September 30, 2007, the total return on Adams Express' net asset value, with dividends and capital gains reinvested, was 17.4%. Comparable figures for the Standard & Poor's 500 Index and the Lipper Large Cap Core Mutual Fund Average were 16.4% and 16.0%, respectively. The total return on Adams Express' market value was 17.8%.

The Company's net asset value at September 30, 2007, is compared with the year earlier in the table below.

	9/30/2007	9/30/2006
Net assets	$1,481,145,080	$1,338,665,366
Shares outstanding	85,490,774	85,117,815
Net assets per share	$17.33*	$15.73

*After capital gain distribution of $0.01 per share paid in March 2007.

The net capital gain realized on investments for the nine months was $0.65 per share.

Year-to-date, the Company has repurchased 1,391,931 shares of its Common Stock.

SECURITIES TRANSACTIONS

During the quarter, Adams Express added four new names to its portfolio through the receipt of shares of Bank of New York Mellon Corp. via merger, purchases of Lubrizol Corp., and Northeast Utilities, and the receipt of shares of State Street Corp. via merger with Investors Financial Services, Inc. The Company added to its positions in Bank of America, Del Monte Foods, Morgan Stanley, Ryland Group, Senomyx, Spirit AeroSystems Holdings and Wachovia.

Six positions were eliminated from the portfolio with the sales of Avaya, Inc., The Bank of New York (via merger with Mellon Corp.), Compass Bancshares, Inc., Cree, Inc., Florida Rock Industries Inc., and Investors Financial Services Corp. (via merger with State Street Corp.). Holdings were reduced in Alltel, BJ's Wholesale Club, Bunge Ltd., and General Electric.

Adams Express is a Baltimore-based closed-end investment company. It is listed on the New York Stock Exchange under the symbol ADX. The Third Quarter Report will be mailed to stockholders and posted to our website: www.adamsexpress.com on or about October 19, 2007.



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