Webcast Advisory: Adams Express Co. and Petroleum & Resources Corp. Present at Investor Forum

Business Wire, Dec 3, 2004

BALTIMORE -- Adams Express Co. (NYSE: ADX) and Petroleum & Resources Corp. (NYSE: PEO) will present at the following forum:

What: Adams Express Co. (NYSE: ADX) and Petroleum & Resources
Corp. (NYSE: PEO) will give a presentation at Informed Investors
Closed End Fund Virtual Forum, which is open to the public via the
Internet.

   Douglas G. Ober, Chairman and Chief Executive Officer of two
closed-end funds, The Adams Express Company and Petroleum & Resources
Corporation, and Jon Maier, a director in the closed-end funds group
of UBS Investment Research, will deliver the keynote addresses at 9:00
and 9:15 am ET.

   Sponsors: Closed-End Fund Association, Inc. and The American Stock
Exchange

   When: December 8, 2004 @ 12:30 PM Eastern Time

   Where: http://www.informedinvestors.com/IIF_Forum.asp?ForumID=89223

   How: Live over the Internet--Simply log on to the web at the
address above.

   Contact: Geraldine Pare, Pare@adamsexpress.com, (410) 752-5900

If you are unable to attend the live event, the forum will be available via webcast at http://www.informedinvestors.com/IIF_Forum.asp?ForumID=89223.

About Adams Express Company

The Adams Express Company is a diversified equity investment company with a conservative investment philosophy suitable as a core holding for long-term investors. Structured as a closed-end fund since 1929, the investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Company has paid dividends every year for the last 69 years. Find out more at www.adamsexpress.com

About Petroleum & Resources Corporation

Trading on the New York Stock Exchange since January 1929, Petroleum & Resources is a conservative equity investment company specializing in energy and natural resources companies. The fund may be suitable for investors who seek broadly diversified exposure to the energy sector and is the only closed-end fund with this focus. Our investment objectives are preservation of capital, attainment of reasonable income, and an opportunity for capital appreciation. Find out more at www.peteres.com