We show how ultracold (sub-muK temperature) atoms in a one-dimensional peri
odic optical potential with a harmonic trap can provide a new quantum chaot
ic system that is accessible to experiment. Provided that the harmonic pote
ntial varies slowly over a lattice period, the optical lattice has well def
ined energy bands. The energy-wavevector dispersion curves define an effect
ive Hamiltonian that can be used to calculate classical orbits for atoms co
nfined to a single band. We show that tilting the harmonic trap relative to
the optical lattice induces a controllable transition from stable regular
motion to classical chaos. The onset of chaos strongly delocalizes the atom
orbits and should be manifest in both the classical and quantum properties
of the trapped atoms. We also consider how the transition to chaos might a
ffect the collective time-dependent dynamics of interacting atoms in Bose-E
instein condensates.