A combination master link and chain shortener that can be readily connected to existing closed loop lifting rings. In one preferred embodiment, a bail connects to a lifting mechanism and an elongated body having a pair of opposed ends includes an opening at one end to connect to the bail. A pair of chain shortening cradles are provided, each chain shortening cradle in angular relation to the elongated body. A pair of chain connecting hooks, each receive a chain end link therein. A chain retainer pin retains the chain end links within the connecting hooks. In an alternate embodiment, a bail connects to a lifting mechanism and an elongated body includes a pair of opposed ends with an opening at one end to connect to the bail. A pair of chain shortening cradles are provided with each cradle in angular relation to the elongated body. A pair of receptacles are provided at an opposite end of the body in order to receive a pair of chain end links. A single pin passes through the receptacles in order to lock the pair of chain end links in the receptacles.