This brief review outlines the theory of ocular chromatic aberration and describes the three primary forms in which the aberration appears: chromatic difference of focus, chromatic difference of magnification, and chromatic difference of position. Our central theme is that all three aspects of chromatic aberration have as their common basis the chromatic dispersion of light. The magnitude of each form of the aberration is related to the others by simple linear formulas in which a key parameter is the location of the pupil relative to the nodal point of the eye. The way in which retinal image quality is affected by chromatic aberration is described and we assess the impact of the aberration on visual performance.