We report the results of the spectral analysis of two observations of the V
ela pulsar with the Chandra X-Ray Observatory. The spectrum of the pulsar d
oes not show statistically significant spectral lines in the observed 0.25-
8.0 keV band. Similar to middle-aged pulsars with detected thermal emission
, the spectrum consists of two distinct components. The softer component ca
n be modeled as a magnetic hydrogen atmosphere spectrum-for the pulsar magn
etic field B = 3 x 10(12) G and neutron star mass M = 1.4 M. and radius R-i
nfinity = 13 km, we obtain T-eff(infinity) = 0.68 +/- 0.03 MK, L-bol(infini
ty) = (2.6 +/- 0.2) x 10(32) ergs s(-1), and d = 210 +/- 20 pc (the effecti
ve temperature, bolometric luminosity, and radius are as measured by a dist
ant observer). The effective temperature is lower than that predicted by st
andard neutron star cooling models. A standard blackbody tit gives T-infini
ty = 1.49 +/- 0.04 MK, L-bol(infinity) = (1.5 +/- 0.4) x 10(32)d(250)(2) er
gs s(-1) (d(250) is the distance in units of 250 pc); the blackbody tempera
ture corresponds to a radius R-infinity = (2.1 +/- 0.2)d(250) km, much smal
ler than realistic neutron star radii. The harder component can be modeled
as a power-law spectrum, with parameters depending on the model adopted for
the soft component: gamma = 1.5 +/- 0.3, L-X = (1.5 +/- 0.4) x 10(31)d(250
)(2) ergs s(-1) and gamma = 2.7 +/- 0.4, L-X = (4.2 +/- 0.6) x 10(31)d(250)
(2) ergs s(-1) for the hydrogen atmosphere and blackbody soft component, re
spectively (gamma is the photon index; L-X is the luminosity in the 0.2-8 k
eV band). The extrapolation of the power-law component of the former fit to
ward lower energies matches the optical flux at gamma = 1.35-1.45.