We recently started testing Chao’s proposed new matrix formalism for describing the spin dynamics due to a single spin resonance. The Chao formalism is probably the first fundamental improvement of the Froissart-Stora equation in that it allows analytic calculations of the beam polarization’s behavior inside a resonance. We tested the Chao formalism using a 1.85 GeV/c polarized deuteron beam stored in COSY, by sweeping an rf dipole’s frequency through 200 Hz, while varying the distance from the sweep’s end frequency to an rf-induced spin resonance’s central frequency. Since the Froissart-Stora equation itself can make no prediction inside a resonance, we compared our experimental data with the predictions of the Chao formalism and those of an empirical two-fluid model based on the Froissart-Stora equation. The data strongly favor the Chao formalism.