<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000019780
<NAME> CHESTNUT STREET EXCHANGE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 57124155
<INVESTMENTS-AT-VALUE> 459926091
<RECEIVABLES> 412195
<ASSETS-OTHER> 3898
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 460460872
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1050094
<TOTAL-LIABILITIES> 1050094
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> (106178350)
<SHARES-COMMON-STOCK> 1121168
<SHARES-COMMON-PRIOR> 1142696
<ACCUMULATED-NII-CURRENT> 4232
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (155533907)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 402798455
<NET-ASSETS> 459410778
<DIVIDEND-INCOME> 2487583
<INTEREST-INCOME> 220357
<OTHER-INCOME> 0
<EXPENSES-NET> 827808
<NET-INVESTMENT-INCOME> 1880132
<REALIZED-GAINS-CURRENT> 7290720
<APPREC-INCREASE-CURRENT> 37696276
<NET-CHANGE-FROM-OPS> 46867128
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1909854)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> (8403150)
<SHARES-REINVESTED> 252816
<NET-CHANGE-IN-ASSETS> 36806940
<ACCUMULATED-NII-PRIOR> 4232
<ACCUMULATED-GAINS-PRIOR> (155533907)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 701634
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 827808
<AVERAGE-NET-ASSETS> 436971918
<PER-SHARE-NAV-BEGIN> 369.83
<PER-SHARE-NII> 1.68
<PER-SHARE-GAIN-APPREC> 39.95
<PER-SHARE-DIVIDEND> 1.70
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 409.76
<EXPENSE-RATIO> .38
</TABLE>
