<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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SIGNATURE ALBERT W. TURNER
TITLE BOARD CHAIRMAN
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<LEGEND>
This Schedule contains summary financial information extracted from Chesapeake
Investors, Inc. Semi-Annual Report to Shareholders March 31, 1996 and is
qualified in its entirety by reference to such Financial Statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-START> OCT-01-1995
<PERIOD-END> MAR-31-1996
<INVESTMENTS-AT-COST> 2,169
<INVESTMENTS-AT-VALUE> 13,431
<RECEIVABLES> 274
<ASSETS-OTHER> 0
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<TOTAL-ASSETS> 15,874
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<TOTAL-LIABILITIES> 20
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<SHARES-COMMON-STOCK> 3,784
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<ACCUMULATED-NII-CURRENT> 770
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<OVERDISTRIBUTION-GAINS> 0
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<DISTRIBUTIONS-OF-INCOME> 436
<DISTRIBUTIONS-OF-GAINS> 56
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<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (7)
<ACCUMULATED-NII-PRIOR> 793
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<PER-SHARE-NAV-BEGIN> 4.19
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</TABLE>
