We propose a novel method to correct the chromatic dispersion in a planar waveguide with volume holograms fabricated by the three-step exposure technique. The 532 nm green laser is used to illuminate the holographic plate in three groups of different angles for achieving the desired holograms. When it is used in the planar waveguide, the chromatic dispersion of the original display can be corrected and an image with the real color can be obtained. The experiments are performed, and the results are in good agreement with the theory. It is believed that this technique is a good way to correct the chromatic problems in the display systems in the future.