Below are insider transactions of 1,000 shares or more...

INSIDER TRADING

April 23, 2001

Below are insider transactions of 1,000 shares or more for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.

Adams Express Co.

Maureen A. Jones, vice president, exercised an option for 1,585 shares of common at $7.93 each March 9. To cover transaction expenses, Jones turned in 1,585 of them and now directly and indirectly holds 9,136.

Richard F. Koloski, vice president, exercised an option for 28,088 shares of common at $19.24 to $50.02 each March 9 and now directly and indirectly holds 42,142.

Constellation Energy Grp

Robert J. Hurst, director, purchased 2,200 shares of common at $42 to $42.06 each March 28 and sold 5,900 shares for $39.20 to $41.86 each from March 22 to March 28. Hurst now indirectly holds 40,195 shares.

Environmental Elements

Lawrence Rychlak, chief financial officer, purchased 10,000 shares of common at $2.20 to $2.33 each from March 9 to March 12 and now directly holds 10,000.

Essex Corp.

James P. Gregory, 10 percent beneficial owner, purchased 62,500 shares of common at $4 each March 30 and now directly and indirectly holds 142,500.

Marie S. Minton, 10 percent beneficial owner, purchased 62,500 shares of common at $4 each March 30 and now directly and indirectly holds 142,500.

Florida Rock Industries

S. R. Hays, vice president, exercised an option for 6,000 shares of common at $16.41 each March 12. To cover transaction expenses, Hays turned in 6,000 of them and now directly and indirectly holds 23,822 shares.

Insider Trading is compiled by First Call/Thomson Financial.

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