Abstract: A multi-functional timepiece with multicolor time display is a watch or free-standing clock in which the current time is determined by the use of a series of colored lights around the face of the watch. The face has the current layout associated with conventional watches, with the number 12 on top and numbers 1-11 evenly spaced around the perimeter. However, in lieu of hour hands, minute hands and second hands, the invention uses a series light to indicate the time. A group of red lights indicate the hour, a series of yellow lights indicate the minutes, and a series of green lights indicates the seconds. The light is transmitted from a central source via fiber optic tubes. Other functions such as day and date indications are provided in the conventional manner.