AMENDMENT TO SPLIT DOLLAR INSURANCE AGREEMENTS
AND
CONFIRMATION OF NEW SPLIT DOLLAR AGREEMENT


The undersigned do hereby agree that the face amount of Manulife
policy #4909658 is reduced from $1,000,000 to $500,000.  It is further
agreed that Chase Corporation has the right to cancel Manulife policy
#4909696 and Aurora policy #C11190874L.

It is further agreed that a Split Dollar Agreement with respect to
MetLife policy #950650078A has been executed as of June 8, 1995.

The undersigned do hereby amend the Split Dollar Insurance Agreements
dated December 2, 1983 between Chase Corporation and Edward L. Chase,
and dated November 10, 1987 between Chase Corporation and Edward L.
Chase and Claire Chase, as amended.  As of the date of this amendment,
the policy death benefits (also herein called face amount or face
value) and the respective interests of all parties in the relevant
life insurance policies are as follow.  It is agreed that Chase
Corporation has the right to recover from the cash value or death
benefit of the policies the "Corp Amount to be Recovered" plus any
additional premiums paid for each respective policy.

                                                       
    Policy                            Corp Amount            Employee
    
Insured(s)                            Policy               Death
Benefit                    to be Recovered   Death Benefit

Edward                                                 Manulife
    $500,000*                  $271,604                
    Balance
                                      #4909658

Edward                                                 Manulife
    $1,500,000                  All                    $0
                                      #4909696

Edward                                                 Aurora
                           $1,000,000      All         
    $0
                                      #C11190874L

Edward & Claire            Manulife   $1,480,000           $110,612**
    Balance
                                      #4031072

Edward & Claire            Metlife    $4,123,000           $119,335
                           Balance
                                      #950650078A

*Reduced as of the date of this amendment from $1,000,000.
**Includes recovery for shortfall from Manulife policy #4909696 of
$11,040.


CHASE CORPORATION

By: s/s Peter R. Chase                                 
    August 11, 1995

  S/s/  Edward L. Chase                                
    August 12, 1995

  S/s  Claire Chase                                    
    August 12, 1995

  S/s  Sarah Chase, Trustee                            
    August 12, 1995