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Hi Charles and welcome. Yes, it is but: Just as info: In this short a barrel you will not see as big of an improvement in velocity compared to longer barrels. +P loads need at least 4 inches of barrel to burn all the extra powder. You will not get the stated box velocity difference between standard and +P ammunition. You are only going to get higher recoil and muzzle blast and degraded time in follow up shot speed. Cheers and stay safe!

Hi Charles, from the Charter Arms FAQ page - Can I shoot +P in my .38 revolver? Charter .38's are among the smallest revolvers in this caliber. Yes they can handle +P but we do not recommend it for the following reasons: +P ammo requires a four-inch minimum barrel to burn the extra powder. Therefore, in a two-inch barrel the extra powder is burned after the bullet leaves the barrel creating more recoil and making it harder to come back to target. We recommend a standard velocity load and practice with round nose lead rounds which are the least expensive. When you load for protection, use a jacketed or hollow point in the same grain you practice with. . Stay safe & have a great day!

From Charter arms web site "Can I shoot +P in my .38 revolver? Charter .38's are among the smallest revolvers in this caliber. Yes they can handle +P but we do not recommend it for the following reasons: +P ammo requires a four-inch minimum barrel to burn the extra powder. Therefore, in a two-inch barrel the extra powder is burned after the bullet leaves the barrel creating more recoil and making it harder to come back to target. We recommend a standard velocity load and practice with round nose lead rounds which are the least expensive. When you load for protection, use a jacketed or hollow point in the same grain you practice with." https://charterfirearms.com/pages/faqs?_pos=1&_sid=dcb2a2aa1&_ss=r