This is a detailed study of the problem of the existence and character
ization of finite-dimensional Chebyshev subspaces of the spaces phi(L)
and L(p(t)) on the interval I = [-1, 1], where phi(t) is an even nonn
egative continuous nondecreasing function on the half-fine [0, +infini
ty) , and the function p(t) is measurable, finite, and positive almost
everywhere on I. If phi is an N-function, it is characterized as a Ch
ebyshev subspace of the Orlicz spaces with the Luxemburg norm.