ok Gent's, thanx again.
I fully understand comments.
Those links are very usable. I need some time to read it and understand it, its not easy.
And yes I agree about the single channel amp.
Im running álso Laney K30 single ch. keyboard/guitar amp (their first SS amp from 4 decades ago, got it almost unused) and Zoom FX thingy.
The sound is much much better than playing through those 2 small 15W Fenders on 12 inch speaker.
Difference like day and night.
However, tweaking that Champ Squier remains as a challenge to me.
Enzo, yeah that's obvious!
While drawing didn't recognise that solution (not used to draw circuits) but in the real life I think I would see it myself.
Thanx for your comment.
Now the second reply based on Phil's last comments;
BTW I've just been studying the Schematic for this Amp and it's dawned on me that the output of power chip (pin1) connects to both +&- terminals of the speaker.
Maybe I've missed something but might be a mistake.
Unfortunately I cant see that on this schematic.
But I suppose it's a weird construction?
Also regards to the amp distorting even at low volume;
I just simulated the preamp and a 100mV signal at input does not distort until you turn up past halfway.
But I notice the FB resistor around power chip is 130k. 
surely that is rather high and I'm guessing would distort even at low gain. (And that was the main reason for *Lex's* initial post)
The schematic is not very clear and I can't read the part number on the power chip.
Out from my curiosity, how do you simulate a pre-amp ?
Some software where you put and connect all the components and then observe amplitudes .. ? (cant imagine sound)
And yes there is a slight distortion on the clean channel, in combination with a 'flat' sound.
Second Gain pot all the way turned to 0.
I did not drive this amp more than 1.5-2 on the volume pot.
If you could point to this 'power chip' so I know where and what is it, then I could make some tweaks in the photoshop to get more clear reading of schematic?
Im enjoying emojis too, they are great !!!
Greetings