An IOL compression chamber for folding an IOL includes a hollow chamber having a loading area, a staging area and a distal tip. The loading area has a distally extending slot in the wall which allows for easy removal of a forceps holding the IOL from the chamber following insertion of the IOL into the chamber with the forceps. The staging area holds the IOL in a folded state until the chamber is placed into an IOL insertion instrument having a plunger which forces the IOL distally out of the staging area and into the eye through the distal tip.