Abstract: A watertight, buoyant fishing tackle box designed to be worn by the fisherman strapped to his torso is disclosed. Parallel rows of individual compartment trays containing the appropriate lures, tackle, flies etc. are inserted into a housing cavity from the top. The compartment trays, together with gasket means, form a watertight top for the housing, thereby enhancing the buoyancy of the fisherman should he slip or fall while in the water. In use, the fisherman draws the individual tray upward, out of the housing, where it swings forward resting on a flanged lip of the housing to provide ready access. The trays include a hinged or removable top to allow easy access to its contents.