An adjustable weight-loaded dip-chin machine. Dip bars and chin bars with means for vertical adjustment are mounted on columns, which in turn are mounted on a base. An arm is pivotally attached to the base, and weights can be added to an arm spindle attached to the arm. A belt is attached to the arm, and weights added to the arm spindle resist upward motion of an exerciser performing dips or chins. Elastic bands may be added connecting the arm to the base, and/or the belt to the base, which serve to render the exercise more strenuous. Dip bars incorporate a plurality of dip bar legs, each a differing distance from the other dip bar. Chin bars incorporate a downwardly-sloping dogleg. An alternate embodiment adjustable dip-chin machine incorporates a weight stack which can be attached to the belt. Stack weights selected from the weight stack render exercise more strenuous.