Adams Express Co – ‘SC 13G/A’ on 2/16/00 re: Petroleum & Resources Corp

On:  Wednesday, 2/16/00   ·   Accession #:  893838-0-68   ·   File #:  5-08687

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Amendment to Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G/A    Amendment to Statement of Beneficial Ownership         4     16K 

Document Table of Contents

SC 13G/A
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

 Under the Securities Exchange Act of 1934

 (Amendment No. 11)*

 Petroleum & Resources Corporation
--------------------------------------------------------------------------------
(Name of Issuer)

Common Stock
--------------------------------------------------------------------------------
(Title of Class of Securities)

 716549 10 0
------------------------------------
(CUSIP Number)

December 27, 1999 
------------------------
 (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:                                                                       

 |_| Rule 13d 1(b)
 |_| Rule 13d 1(c)
 |X| Rule 13d 1(d)

*The remainder of this cover page shall be filled out for a reporting person's  
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the       
disclosures provided in a prior cover page.                                     

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of   
1934 ("Act") or otherwise subject to the liabilities of that section of the Act 
but shall be subject to all other provisions of the Act (however, see the       
Notes).                                                                         

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SC 13G/A
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CUSIP No. 716549 10 0               13G                        Page 2 of 4 Pages
--------------------------------------------------------------------------------

------------- ------------------------------------------------------------------
1        NAME OF REPORTING PERSON                                     
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON   

THE ADAMS EXPRESS COMPANY                           
Tax I.D. 13-4912740                                 
------------- ------------------------------------------------------------------
2        CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*            
                                                             (a) |_|
                                                             (b) |_|

------------- ------------------------------------------------------------------
3        SEC USE ONLY                                                 

------------- ------------------------------------------------------------------
4        CITIZENSHIP OR PLACE OF ORGANIZATION                         

MARYLAND                                            
---------------------------------- ---------- ----------------------------------
                      5      SOLE VOTING POWER

                          1,210,085 shs.
NUMBER OF                                               
                                   ---------- ----------------------------------
SHARES                    6      SHARED VOTING POWER  
BENEFICIALLY                                                
OWNED BY                          -0-                   

                                   ---------- ----------------------------------
  EACH                     7      SOLE DISPOSITIVE POWER
REPORTING                                               
PERSON                           1,210,085 shs.       

                                   ---------- ----------------------------------
    WITH                     8      SHARED DISPOSITIVE POWER

               -0-
---------------------------------- ---------- ----------------------------------
9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 

1,210,085 shs.                                      
------------- ------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*                                             

                                                         |_|
------------- ------------------------------------------------------------------
11       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9              

8.5%                                                
------------- ------------------------------------------------------------------
12       TYPE OF REPORTING PERSON*                                    

IV                                                  
------------- ------------------------------------------------------------------
 *SEE INSTRUCTIONS BEFORE FILLING OUT!

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Item 1.                                                                         

(a) Name of Issuer:                                                             

       Petroleum & Resources Corporation

(b) Address of Issuer's Principal Executive Office:                             

   7 St. Paul Street, Suite 1140
Baltimore, MD 21202       

Item 2.                                                                         

        (a), (b) and (c) Name of Persons Filing, Address of Principal Business
                         -----------------------------------------------------
Office and Citizenship:                                                       
-----------------------                                                       

                           This statement is filed by The Adams Express Company,
a Maryland corporation, which has its principal office at 7 St. Paul Street,    
Suite 1140, Baltimore, MD 21202.                                                

(d) Title of Class of Securities:                                               

Common Stock              

(e) CUSIP Number:                                                               

716549 10 0               

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or    
(c), check whether the person filing is an:                     

Not applicable.                             

Item 4. Ownership                                                               

(a) Amount beneficially owned:  1,210,085   

(b) Percent of Class:  8.5%                 

    (c) Number of shares as to which the person has:

                     (i)   Sole power to direct the vote:  1,210,085

                 (ii)  Shared power to direct the vote:  -0-

                  (iii) Sole power to dispose or to direct the
            disposition of:  1,210,085

                    (iv)  Shared power to dispose or to direct the
      disposition of:  -0-

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Item 5. Ownership of Five Percent or Less of a Class                            

                  If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of   
more than five percent of the class securities, check the following |_|.        

Item 6. Ownership of More than Five Percent on Behalf of Another Person         

Not applicable.                             

Item 7. Identification and Classification of the Subsidiary Which Acquired the  
Security Being Reported on By the Parent Holding Company        

Not applicable.                             

Item 8. Identification and Classification of Members of the Group               

Not applicable.                             

Item 9. Notice of Dissolution of Group                                          

Not applicable.                             

Item 10. Certification                                                          

Not applicable.                             

 SIGNATURE

                After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,     
complete and correct.                                                           

Dated: February 16, 2000                                                        

                                   THE ADAMS EXPRESS COMPANY

                                    By: /s/ Lawrence L. Hooper
                                               -------------------------------
                                            Lawrence L. Hooper, Esq.
                                                   Vice President, Secretary and
                                             General Counsel

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Dates Referenced Herein

				Referenced-On Page
This ‘SC 13G/A’ Filing		Date		First		Last			Other Filings
Filed on:		2/16/00		4					None on these Dates
		12/27/99		1
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