<SEC-DOCUMENT>0000002230-12-000034.txt : 20120223
<SEC-HEADER>0000002230-12-000034.hdr.sgml : 20120223
<ACCEPTANCE-DATETIME>20120223155338
ACCESSION NUMBER:		0000002230-12-000034
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20120223
DATE AS OF CHANGE:		20120223
EFFECTIVENESS DATE:		20120223

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADAMS EXPRESS CO
		CENTRAL INDEX KEY:			0000002230
		IRS NUMBER:				134912740
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-00248
		FILM NUMBER:		12633779

	BUSINESS ADDRESS:	
		STREET 1:		SEVEN ST PAUL ST STE 1140
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		4107525900

	MAIL ADDRESS:	
		STREET 1:		7 ST PAUL STREET SUITE 1140
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
</SEC-HEADER>
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001 A000000 THE ADAMS EXPRESS COMPANY
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SIGNATURE   BRIAN S. HOOK
TITLE       TREASURER

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>adxacctlttr.txt
<TEXT>
Registered Public Accounting Firm



To the Board of Directors and Stockholders of
     The Adams Express Company

In planning and performing our audit of the financial statements
of The Adams Express Company ("the Company") as of and for the
year ended December 31, 2011, in accordance with the standards of
the Public Company Accounting Oversight Board (United States), we
considered the Company's internal control over financial
reporting, including controls over safeguarding securities, as a
basis for designing our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, but not for the purpose of
expressing an opinion on the effectiveness of the Company's
internal control over financial reporting.  Accordingly, we do not
express an opinion on the effectiveness of the Company's internal
control over financial reporting.

The management of the Company is responsible for establishing and
maintaining effective internal control over financial reporting.
In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and
related costs of controls.  A company's internal control over
financial reporting is a process designed to provide reasonable
assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in
accordance with generally accepted accounting principles.  A
company's internal control over financial reporting includes those
policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the company;
(2) provide reasonable assurance that transactions are recorded as
necessary to permit preparation of financial statements in
accordance with generally accepted accounting principles, and that
receipts and expenditures of the company are being made only in
accordance with authorizations of management and directors of the
company; and (3) provide reasonable assurance regarding prevention
or timely detection of unauthorized acquisition, use or
disposition of a company's assets that could have a material
effect on the financial statements.

Because of its inherent limitations, internal control over
financial reporting may not prevent or detect misstatements.
Also, projections of any evaluation of effectiveness to future
periods are subject to the risk that controls may become
inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists
when the design or operation of a control does not allow
management or employees, in the normal course of performing their
assigned functions, to prevent or detect misstatements on a timely
basis.  A material weakness is a deficiency, or a combination of
deficiencies, in internal control over financial reporting, such
that there is a reasonable possibility that a material
misstatement of the Company's annual or interim financial
statements will not be prevented or detected on a timely basis.



Our consideration of the Company's internal control over financial
reporting was for the limited purpose described in the first
paragraph and would not necessarily disclose all deficiencies in
internal control over financial reporting that might be material
weaknesses under standards established by the Public Company
Accounting Oversight Board (United States).  However, we noted no
deficiencies in the Company's internal control over financial
reporting and its operation, including controls over safeguarding
securities, that we consider to be material weaknesses as defined
above as of December 31, 2011.

This report is intended solely for the information and use of
management and the Board of Directors of The Adams Express Company
and the Securities and Exchange Commission and is not intended to
be and should not be used by anyone other than these specified
parties.




/s/ PricewaterhouseCoopers LLP
Baltimore, Maryland
February 10, 2012
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q2 ITEM 405
<SEQUENCE>3
<FILENAME>adxex77q2.txt
<TEXT>
Sub-Item 77Q-2 for ADX N-SAR:

Section 16(a) Beneficial Ownership Reporting Compliance

Enrique R. Arzac, director for registrant, inadvertently failed
to file on a timely basis in January 2011 a Form 4 for the
receipt of Deferred Stock Units of registrant pursuant to
registrant's 2005 Equity Incentive Compensation Plan ("DSUs")
from his election to defer his cash retainer for his 2011 Board
service for such DSUs. This transaction was subsequently reported
on a Form 4 filed on January 31, 2011.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
