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    <submissionType>13F-HR</submissionType>
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      <liveTestFlag>LIVE</liveTestFlag>
      <flags>
        <confirmingCopyFlag>false</confirmingCopyFlag>
        <returnCopyFlag>false</returnCopyFlag>
        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0000314957</cik>
          <ccc>XXXXXXXX</ccc>
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      <periodOfReport>06-30-2013</periodOfReport>
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      <reportCalendarOrQuarter>06-30-2013</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>UNIVERSITY OF CHICAGO</name>
        <address>
          <ns1:street1>Investment Office</ns1:street1>
          <ns1:street2>401 North Michigan Avenue Ste 900</ns1:street2>
          <ns1:city>Chicago</ns1:city>
          <ns1:stateOrCountry>IL</ns1:stateOrCountry>
          <ns1:zipCode>60611</ns1:zipCode>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-00018</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>Loryn J. Mischke</name>
      <title>Senior Manager of Investment Operations</title>
      <phone>312-595-1000</phone>
      <signature>/s/ Loryn J. Mischke</signature>
      <city>Chicago</city>
      <stateOrCountry>IL</stateOrCountry>
      <signatureDate>02-14-2014</signatureDate>
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