The quickest way is to patch the appropriate commands. To change the spacing before the titles, you need to patch \@makechapterhead
(for numbered chapters) and \@makeschapterhead
(for unnumbered chapters); to change the spacing after the tiles, you need to patch \DOTI
(for numbered chapters) and \DOTIS
(for unnumbered chapters). A little example (the second argument for \patchcmd
contains the default values; the third argument, the modified values):
\documentclass{report}
\usepackage[Glenn]{fncychap}
\usepackage{lipsum} % filler text
\usepackage{etoolbox}
\makeatletter
\patchcmd{\@makechapterhead}{\vspace*{50\p@}}{\vspace*{-20\p@}}{}{}
\patchcmd{\@makeschapterhead}{\vspace*{50\p@}}{\vspace*{-20\p@}}{}{}
\patchcmd{\DOTI}{\vskip 80\p@}{\vskip 40\p@}{}{}
\patchcmd{\DOTIS}{\vskip 40\p@}{\vskip 0\p@}{}{}
\makeatother
\begin{document}
\chapter{Amazing}
\lipsum[1-5] % filler text
\end{document}

However, I would suggest you not to use this style; long titles won't look good, You could consider using a framed title built with the help of the titlesec
package; here's a simple example (the vertical spacing before and after the title is set using the second and third arguments for \titlespacing*
):
\documentclass{report}
\usepackage{titlesec}
\usepackage{lipsum} % filler text
\makeatletter
\titleformat{\chapter}[frame]
{\normalfont}{\filright\enspace \@chapapp~\thechapter\enspace}
{8pt}{\LARGE\bfseries\filcenter}
\titlespacing*{\chapter}
{0pt}{0pt}{20pt}
\makeatother
\begin{document}
\chapter{Amazing}
\lipsum[1-5] % filler text
\end{document}

Glenn
style? In my opinion, long titles look specially ugly (not that short ones are pretty). – Gonzalo Medina Apr 30 '13 at 22:34titlesec
. However, if you are looking for a professional report, I would suggest you not to use frames at all. The documentation for thememoir
document class has several chapter styles that might give you some good ideas for your titles. – Gonzalo Medina Apr 30 '13 at 23:00