Ephesians 2:1-10

And you were dead in the trespasses and sins in which you once walked, following the course of this world, following the prince of the power of the air, the spirit that is now at work in the sons of disobedience— among whom we all once lived in the passions of our flesh, carrying out the desires of the body and the mind, and were by nature children of wrath, like the rest of mankind. But God, being rich in mercy, because of the great love with which he loved us, even when we were dead in our trespasses, made us alive together with Christ—by grace you have been saved— and raised us up with him and seated us with him in the heavenly places in Christ Jesus, so that in the coming ages he might show the immeasurable riches of his grace in kindness toward us in Christ Jesus. For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, not a result of works, so that no one may boast. For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.

-Ephesians 2:1-10

I know there are different ways to organize this into a chiasm, but I guess this is the way I see it and have seen it first (I think).  Hopefully it's helpful...

A1 (v1-2)
Dead in sin

B1 (v3)
Desrving of wrath, because of what we have done

C1 (v4)
God is rich in mercy

D1 (v5)
Made alive together with Christ

E (v5)
Saved by grace

D2 (v6)
Raised with Christ

C2 (V7)
God is rich in grace

B2 (v8-9)
Saved by grace because of what God did

A2 (v10)
Walk in good works

This one has "Saved by grace" at the center of the chiasm.  I just found another one that put "But God" at the center of the chiasm.  To me, I had thought that having "But God" at the center made more sense.  I'm not too sure which one is right, but either way, I think it's pretty cool.

I guess I can put up the other one.  I found it from some moody church in Chicago.

A: And you were dead in the trespasses and sins in which you once walked,

[We used to live in sin]

B: following the course/age of this world, following the prince of the power of the air, the spirit that is now at work in the sons of disobedience—

[We were followers of the age of this world and the devil, believing the lie that we were blessed but were enslaved to sin]

C: among whom we all once lived in the passions of our flesh, carrying out the desires of the bodyand the mind,

[We lived among the sinners of this world, in the lusts of our flesh, in the world itself]

D: and were by nature children of wrath, like the rest of mankind.

[We were objects of God’s coming wrath]

E: But God, being rich in mercy, because of the great love with which he loved us,

[The central idea/focal point of the chiasm: “But God”, because of His mercy and love, saved us]

+D: even when we were dead in our trespasses, made us alive together with Christ—by grace you have been saved—

[We are objects of God’s saving grace]

+C: and raised us up with him and seated us with him in the heavenly places in Christ Jesus,

[We are seated now (in righteousness) with Christ Jesus in heaven]

+B: so that in the coming ages he might show the immeasurable riches of his grace in kindness toward us in Christ Jesus.  For by grace you have been saved through faith. And this is not your own doing; it is the gift of God, not a result of works, so that no one may boast.

[We are following Christ through whom we will receive eternal blessings from God, having been saved by grace through faith.]

+A: For we are his workmanship, created in Christ Jesus for good works, which God prepared beforehand, that we should walk in them.

[Now we live for God, walking the good works He has prepared for us]