PAGE 1 000 B000000 12/31/2011 000 C000000 0000002230 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 THE ADAMS EXPRESS COMPANY 001 B000000 811-2624 001 C000000 4107525900 002 A000000 7 ST. PAUL STREET SUITE 1140 002 B000000 BALTIMORE 002 C000000 MD 002 D010000 21202 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 019 B000000 0 020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH 020 B000001 13-5674085 020 C000001 78 020 A000002 STIFEL NICOLAUS & CO., INC. 020 B000002 43-0538770 020 C000002 62 020 A000003 MORGAN STANLEY 020 B000003 13-2655998 020 C000003 56 020 A000004 SANFORD C. BERNSTEIN & CO. 020 B000004 13-4132953 020 C000004 48 020 A000005 DEUTSCHE BANK SECURITIES 020 B000005 13-2730828 020 C000005 46 020 A000006 BARCLAYS CAPITAL INC. 020 B000006 06-1031656 020 C000006 45 PAGE 2 020 A000007 KEEFE BRUYETTE & WOODS, INC. 020 B000007 13-1964616 020 C000007 40 020 A000008 LEERINK SWANN & CO. 020 B000008 04-3273910 020 C000008 30 020 A000009 CREDIT SUISSE 020 B000009 13-5659485 020 C000009 18 020 A000010 SIMMONS & CO. INTERNATIONAL 020 B000010 76-0266412 020 C000010 17 021 000000 452 022 A000001 SOCIETE GENERALE NORTH AMERICA 022 B000001 52-1128875 022 C000001 92396 022 D000001 0 022 A000002 M&T BANK 022 B000002 16-0968385 022 C000002 48074 022 D000002 43069 022 A000003 GENERAL ELECTRIC COMPANY 022 B000003 14-0689340 022 C000003 78996 022 D000003 6000 022 A000004 BROWN BROTHERS HARRIMAN 022 B000004 13-4973745 022 C000004 0 022 D000004 13490 022 A000005 QUASAR DISTRIBUTORS, LLC 022 B000005 39-1982827 022 C000005 2500 022 D000005 6156 022 A000006 TOYOTA CREDIT DE PUERTO RICO 022 B000006 66-0621435 022 C000006 8000 022 D000006 0 022 A000007 LEGG MASON INVESTOR SERVICES, LLC 022 B000007 13-4146187 022 C000007 0 022 D000007 43 022 A000008 FIDELITY DISTRIBUTORS CORP. 022 B000008 04-2270522 022 C000008 0 022 D000008 41 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 229966 023 D000000 68799 PAGE 3 024 000000 Y 025 A000001 BANK OF AMERICA CORP. (MERRILL LYNCH) 025 B000001 56-0906609 025 C000001 E 025 D000001 7701 025 A000002 MORGAN STANLEY 025 B000002 13-2655998 025 C000002 E 025 D000002 3707 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 PAGE 4 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 048 000000 0.000 048 A010000 0 048 A020000 0.000 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 057 000000 Y 061 000000 0 062 A000000 N 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 PAGE 5 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 E000000 Y 071 A000000 230930 071 B000000 251488 071 C000000 1074236 071 D000000 22 072 A000000 12 072 B000000 150 072 C000000 19760 072 D000000 0 072 E000000 31 072 F000000 0 072 G000000 0 072 H000000 3650 072 I000000 167 072 J000000 64 072 K000000 44 072 L000000 117 072 M000000 472 072 N000000 88 072 O000000 148 072 P000000 0 072 Q000000 35 072 R000000 84 072 S000000 55 072 T000000 0 072 U000000 0 072 V000000 136 072 W000000 1022 072 X000000 6082 072 Y000000 0 072 Z000000 13859 072AA000000 45999 072BB000000 0 072CC010000 0 072CC020000 96710 072DD010000 13335 072DD020000 0 072EE000000 44457 073 A010000 0.1500 073 A020000 0.0000 073 B000000 0.5000 073 C000000 0.0000 074 A000000 301 PAGE 6 074 B000000 0 074 C000000 56110 074 D000000 0 074 E000000 0 074 F000000 1003487 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 0 074 K000000 0 074 L000000 1150 074 M000000 3644 074 N000000 1064692 074 O000000 0 074 P000000 0 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 90 074 R040000 13868 074 S000000 0 074 T000000 1050734 074 U010000 91074 074 U020000 0 074 V010000 11.54 074 V020000 0.00 074 W000000 0.0000 074 X000000 35811 074 Y000000 14237 075 A000000 0 075 B000000 1107529 076 000000 9.64 077 A000000 Y 077 B000000 Y 077 Q020000 Y 080 A000000 GREAT AMERICAN INSURANCE COMPANY 080 C000000 3600 081 A000000 Y 081 B000000 5 082 A000000 Y 082 B000000 5 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 PAGE 7 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE BRIAN S. HOOK TITLE TREASURER