Purpose To assess overall survival at 6- and 12-months, 30-day adverse event rate, and recurrence rate within 1 year in patients treated with combination arterial chemoembolization and CT-guided radiofrequency ablation on initial presentation of small HCC Materials and Methods At our institution, 66 consecutive patients with newly diagnosed early HCC were evaluated retrospectively from Jan. 2008 - Aug. 2011 with respect to overall survival at 6- and 12-months, 30-day adverse event rate, and recurrence rate within 1 year. Patients not deemed to be surgical resection candidates as well as those awaiting liver transplant were included. Patients that had undergone prior treatment for HCC (including surgical resection) were excluded. Follow-up imaging (contrast-enhanced CT and MRI) was assessed per mRECIST criteria by a single board-certified reader. Results The 66 patients evaluated included 40 males and 26 females, varying etiologies of liver disease (39 hepatitis C, 10 hepatitis B, 8 alcoholic, 7 nonalcoholic steatohepatitis, and 2 cryptogenic), average age of presentation of 62.3 years, mean initial MELD score of 9.3, and mean index lesion size of 2.0 cm. Ten patients (15.2%) were lost to follow-up by 1 year. Of the remaining 56 patients evaluated, survival was 96.4% at 6 months and 87.5% at 12 months, including 4 out of 7 mortalities (57.1%) directly related to complications from liver transplant. Overall 30 day adverse event rate was 10.6%, including mostly minor complications: 3 subcapsular hematomas (not requiring transfusion), 3 pneumothoraces (2 requiring chest tube placement), and 1 small groin hematoma. No mortalities were seen related to combined treatment. Two patients required re-treatment due to stable disease on 1 month follow-up imaging, as determined by mRECIST criteria. Overall disease recurrence, including adjacent to and distant from the treated lesion, was seen in 15 patients (26.8%) by 1 year. Conclusion The analysis suggests that combination therapy with transarterial chemoembolization and radiofrequency ablation is efficacious for the treatment of small HCCs