Female veiled chameleons, Chamaeleo calyptratus, have a high fecundity and fast maturation, which makes them a suitable model species for squamate reproduction. The authors investigated the morphological follicular development of a group of 20 healthy adult animals over a 12-mon period using ultrasonography (US) and CT. Four stages of follicular development could be distinguished by imaging diagnostics and were confirmed by histology: previtellogenesis, vitellogenesis, gravidity, and atresia. Using a linear ultrasound transducer (18 MHz), previtellogenic follicles could be visualized as small, round, hypoechoic structures. Identification of this stage was unreliable on CT. On US, vitellogenic follicles remained round and showed increasing echogenicity from the hypoechoic center outwards, displaying vinyl-like hyperechoic banding in later stages. On CT, early vitellogenic follicles were round, hyperdense structures, which reduced in density as they grew. A hyperdense inner ring with a hypodense central point characterized late vitellogenesis. Following ovulation, eggs became distinctly oval on both CT and US, with formation of a hyperdense or hyperechoic outer ring, respectively. Atresia followed in cases where no ovulation occurred, and was divided into yolky and cystic atresia. Sonographically, early yolky atretic follicles became unevenly shaped, packed against one another, and developed heterogenous content. Late atretic follicles were homogenous and reduced in size. Reduction of density and uneven shape were also observed on CT. Cystic atretic follicles developed an anechoic cavity with a dense peripheral accumulation of content. In many animals 2–3 generations of atretic follicles were observed without indication of impairment to the development of the newest batch of follicles. Thus, follicular atresia need not necessarily lead to a pathological condition in veiled chameleons, at least not within a few consecutive cycles.