We present an analysis of the compact X-ray source population in the Seyfert 2 galaxy NGC 1068, imaged with a 50ks Chandra observation. We find a total of 84 compact sources on the S3 chip, of which 66 are located within the 25.0B-mag/arcsec^2^ isophote of the galactic disk of NGC 1068. Spectra have been obtained for the 21 sources with at least 50 counts and modeled with both multicolor disk blackbody and power-law models.