Abstract: A holder is disclosed herein for rotatably supporting a spool whereby a supply of fishing line is carried on the spool with a lead length of line extending from the spool to a fishing pole mounted fishing reel. The holder includes a substantially U-shaped bracket with a cross member integrally supporting a pair of spaced-apart upright plates for carrying a spool support shaft about which the spool rotates during a line dispensing procedure. The shaft includes a friction adjustment mechanism for adjusting tension on the spool to control speed spool rotation. Mounting devices are disposed on the cross member for releasably securing the bracket to a stabilizing support for such a table.