High-level B3LYP/6-311+G(3df,2p) density functional calculations have been carried out for a series of saturated chalcogenoaldehydes: CH(X)-CH(2)-CH(2)YH (X, Y=O, S, Se, Te). Our results indicate that in CH(X)-CH(2)-CH(2)YH (X=Y=O, S, Se) the X-H...X intramolecular hydrogen bond (IHB) competes in strength with the X...XH chalcogen-chalcogen interaction, while the opposite is found for the corresponding tellurium-containing analogues. For those derivatives in which X does not equal Y, X being the more electronegative atom, the situation is more complicated due to the existence of two non-equivalent X-H and Y-H tautomers. The Y-H tautomer is found to be lower in energy than the X-H tautomer, independently of the nature of X and Y. For X=O, S, Se and Y=S, Se the most stable conformer b is the one exhibiting a Y-H...X IHB. Conversely when Y=Te, the chelated conformer d, stabilized through a X...YH chalcogen-chalcogen interaction is the global minimum of the potential energy surface. Systematically the IHB and the chalcogen-chalcogen interactions observed for saturated compounds are much weaker than those found for their unsaturated analogues. This result implies that the nonbonding interactions involving chalcogen atoms, mainly Se and Te, are not always strongly stabilizing. This conclusion is in agreement with the fact that intermolecular interactions between Se and Te containing systems with bases bearing dative groups are very weak. We have also shown that these interactions are enhanced for unsaturated compounds, through an increase of the charge delocalization within the system, in a mechanism rather similar to the so call Resonance Assisted Hydrogen Bonds (RAHB). The chalcogen-chalcogen interactions will be also large, due to the enhancement of the X-->Y dative bond, if the molecular environment forces the interacting atoms X and Y to be close each other.