A novel version of chaotic Colpitts oscillator is described. Instead of a linear loss resistor, it includes an extra inductor and a diode in the collector circuit of the transistor. The modified circuit in comparison with the common Colpitts oscillator may generate chaotic oscillations at the fundamental frequency f* noticeably closer to the threshold frequency fT of the employed bipolar junction transistor, up to f* ≈ 0.6fT.