An optical lens assembly comprising, in order from an object side to an image side: a) a first lens element with positive refractive power having a focal length f1 and having a convex object-side surface; b) a second lens element with negative refractive power having a thickness d2 on an optical axis, having a focal length f2, having a meniscus shape with convex object-side surface and separated from the first lens element by a first air gap; c) a third lens element with negative refractive power, having a focal length f3 and separated from the second lens element by a second air gap; d) a fourth lens element having a positive refractive power and separated from the third lens element by a third air gap, wherein the fourth lens element has a positive meniscus and a concave object-side surface; and e) a fifth lens element having a negative refractive power and separated from the fourth lens element by a fourth air gap and having a thickness d 5 on the optical axis, wherein the fifth lens element has a negative meniscus and a concave object-side surface, wherein the fourth air gap is smaller than 1.5d 5, wherein 1.2 x f 3 > f 2 > 1.5 xf 1, wherein a ratio between a total track length and an effective focal length of the optical lens assembly is smaller than 0.9, and wherein a F# of the optical lens assembly is smaller than 3.2, wherein f1 is smaller than TTL/2, wherein the third air gap is greater than TTL/5, wherein the first lens element has a low dispersion by having an Abbe number greater than 50 and the second lens element has a high dispersion by having an Abbe number smaller than 30, wherein the third element has a low dispersion and the fourth and fifth lens elements have different dispersions to help in minimizing chromatic aberration, and wherein all lens element surfaces are aspheric. a) a first lens element with positive refractive power having a focal length f1 and having a convex object-side surface; b) a second lens element with negative refractive power having a thickness d2 on an optical axis, having a focal length f2, having a meniscus shape with convex object-side surface and separated from the first lens element by a first air gap; c) a third lens element with negative refractive power, having a focal length f3 and separated from the second lens element by a second air gap; d) a fourth lens element having a positive refractive power and separated from the third lens element by a third air gap, wherein the fourth lens element has a positive meniscus and a concave object-side surface; and e) a fifth lens element having a negative refractive power and separated from the fourth lens element by a fourth air gap and having a thickness d 5 on the optical axis, wherein the fifth lens element has a negative meniscus and a concave object-side surface, wherein the fourth air gap is smaller than 1.5d 5, wherein 1.2 x f 3 > f 2 > 1.5 xf 1, wherein a ratio between a total track length and an effective focal length of the optical lens assembly is smaller than 0.9, and wherein a F# of the optical lens assembly is smaller than 3.2, wherein f1 is smaller than TTL/2, wherein the third air gap is greater than TTL/5, wherein the first lens element has a low dispersion by having an Abbe number greater than 50 and the second lens element has a high dispersion by having an Abbe number smaller than 30, wherein the third element has a low dispersion and the fourth and fifth lens elements have different dispersions to help in minimizing chromatic aberration, and wherein all lens element surfaces are aspheric.