Abstract: A storage unit and dispenser for paper product rolls is disclosed having a hollow, elongate body with an open head end and a closed base, adapted to stand upright on the base; an elongated insert adapted to support vertically a plurality of paper product rolls stacked in end-to-end relation, with the insert being receivable within the body in telescoping relationship therewith and having a top member and a bottom member, with the top member having an upper surface and a lower surface, the bottom member having a cross-sectional dimension less than the cross-sectional dimension of the body and being adapted to support a plurality of rolls in vertically stacked relationship, and the insert being formed with an opening dimension to permit lateral removal of at least one of the vertically stacked rolls; and a holder for horizontally dispensing a paper product roll, which holder is affixed to the upper surface of the top member.