Abstract: An article locating system comprises a first unit having a housing and a circuit for generating a coded search signal that is unique to the first unit. The first unit operatively communicates with a second unit attached to the article to be located. The second unit includes a housing and a circuit for receiving the search signal and for generating a found signal. The second unit transmits the found signal to the first unit which then responds by selectively activating an indicator connected to the circuit of the first unit. The indicator preferably includes an array of indicator lights that are programmed to illuminate in a sequence to indicate the proximate position of the second unit relative to the first unit for locating the article. In an alternative embodiment, the second unit includes a record/playback device for recording and playing an audible communication in response to receiving the first signal from the first unit.