Abstract: A three-way eyeglass retainer having a retaining cord secured to a retaining member is disclosed. The retaining member is a hollow, tubular member with a cylindrical shape. A channel extends through the member and is defined by a wall fabricated from an elastic material. The channel communicates with the environment of the retaining member by an opening one or more of the ends of the retaining member. The channel further communicates with the exterior through a tunnel that is positioned transverse to the longitudinal axis of the retaining member. The tunnel communicates with the exterior through ports on either end of the tunnel that extend through the wall. A temple piece of a pair of eyeglasses may be inserted into the openings or the ports in the retaining member in various orientations to secure the eyeglasses to the person of a user.