<SUBMISSION>
<TYPE> SC13G/A
<LIVE>
<DOCUMENT-COUNT> 1
<NOTIFY-INTERNET> DPCATHENA@AOL.COM
<SROS> ASE
<SUBJECT-COMPANY>
<CIK> 0000830524
<NAME> CHASE CORPORATION
<IRS-NUMBER> 11-1797126
</SUBJECT-COMPANY>
<FILER>
<CIK> 0001037798
<CCC> ujqfh8x@
</FILER>
<NEW-EDGAR-CONTACT>
<NAME> DAVID P. COHEN
<PHONE> 610 292 9870
<STREET1> 1250 GERMANTOWN PIKE
<STREET2> SUITE 105
<CITY> PLYMOUTH MEETING
<STATE> PA
<ZIP> 19462
</NEW-EDGAR-CONTACT>
<DOCUMENT>
<TYPE> SC 13G/A
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
CHASE CORPORATION
CUSIP NUMBER 16150R104
Common Stock
CUSIP NO. 16150R104 13G/A PAGE 1 OF 4
1. NAME OF REPORTING PERSON-SS OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Athena Capital Management, Inc. 23-2520198
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
N/A
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
1250 Germantown Pike
Suite 105
Plymouth Meeting, PA 19462
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORT PERSON WITH:
5. SOLE VOTING POWER: 205,900
6. SHARED VOTING POWER: 0
7. SOLE DISPOSITIVE POWER: 205,900
8. SHARED DISPOSITIVE POWER: 0
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
205,900
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDED CERTAIN SHARES
N/A
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.14%
12. TYPE OF REPORTING PERSON
IA
Item 1(a) Name of Issuer: Chase Corporation
Item 1(b) Address of Issuer Principal Executive Offices: 26 Summer Street
Bridgewater, MA 02324
Item 2 (a) Name of Person Filing: Athena Capital Management, Inc.
Item 2 (b) Address of Principal Business Office: 1250 Germantown Pike,Suite 105
Plymouth Meeting, PA 19462
Item 2(c) Citizenship: N/A
Item 2(d) Title of Class of Securities: Common Stock
Item 2 (e) CUSIP Number: 16150R104
Item 3 This statement is filed pursuant to Rules 13d-13d-2(b) and the filing
person is an: (e) Investment Advisor registered under Section 203
of the Investment Advisors Act of 1940
Item 4 Ownership: (a) Amount beneficially owned: 205,900
(b) Percent of Class: 5.14%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 205,900
(ii) shared power to vote or direct the vote: 0
(iii) sole power to dispose or direct the disposition of: 205,900
(iv) shared power to dispose or direct the disposition of: 0
Item 5 Ownership of Five Percent or less of a Class: N/A
Item 6 Ownership of More than Five Percent on Behalf of another person: N/A
Item 7 Identification and Classification of the subsidiary which acquired the
Security Being Reported on parent Holding Company: N/A
Item 8 Identification and Classification of Members of the Group: N/A
Item 9 Notice of Dissolution of the Group: N/A
Item 10 Certification
By signing below, I certify that to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of
changing and influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
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.
Date: February 6, 2002
By _________________
Signature
David P. Cohen
President
</TEXT>
</DOCUMENT>
</SUBMISSION>