0000002230-15-000046.txt : 20150727 0000002230-15-000046.hdr.sgml : 20150727 20150325124540 ACCESSION NUMBER: 0000002230-15-000046 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150325 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: CORRESP BUSINESS ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 4107525900 MAIL ADDRESS: STREET 1: 500 EAST PRATT STREET STREET 2: SUITE 1300 CITY: BALTIMORE STATE: MD ZIP: 21202 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS DIVERSIFIED EQUITY FUND DATE OF NAME CHANGE: 20150331 FORMER COMPANY: FORMER CONFORMED NAME: ADAMS EXPRESS CO DATE OF NAME CHANGE: 19920703 CORRESP 1 filename1.txt [Chadbourne & Parke Letterhead] March 25, 2015 Securities and Exchange Commission Division of Corporation Finance 100 F Street, NE Washington, DC 20549 Re:The Adams Express Company ("Company") Definitive Proxy Statement on Form DEF 14A Filed on March 10, 2015 (File No. 811-00248) Ladies and Gentlemen: This letter is in response to comments of the staff (the "Staff") of the Securities and Exchange Commission made during telephone conversations between Amy Miller, Senior Counsel - the Division of Investment Management, and Kevin Smith, of this office, in connection with the above-referenced definitive proxy statement. Specifically, Ms. Miller asked us to confirm that the Company's pending name change from "The Adams Express Company" to "Adams Diversified Equity Fund, Inc." is consistent with the Company's investment policies and Rule 35d-1 under the Investment Company Act of 1940, as amended. We confirm that the Company has, as part of its investment objectives and policies, a policy that "Normally, the bulk of the Company's assets will be invested in common stocks or securities convertible into common stocks". As discussed, the Company is revising its compliance policies to clarify that the Company interprets the foregoing policy to mean that at least 80% of the Fund's assets are invested in equities such as common stocks and securities convertible into common stocks. The Company will include disclosure in its next annual report to shareholders in connection with the name change informing shareholders of this clarification to its compliance policies. Please telephone Kevin Smith at (212) 408-1092 if you require additional information. Very truly yours, /s/ CHADBOURNE & PARKE LLP