Abstract: Disclosed is an especially convenient system for dispensing rolled sheet material such as toilet paper or the like. The system has a vertically mounted rotary member disposed for rotation about a horizontal axis with several vertically disposed cantilevered spools for supporting sheet material.The rotary member is preferably mounted within a vanity cabinet adjacent a toilet seat, with an opening cut in the cabinet wall at the place on which a roll of toilet paper would ordinarily be mounted. A plurality of toilet paper rolls can be placed upon a plurality of spools, and the rotary member rotated to bring a roll within the opening for ready access by a user. There is a bracket on the cabinet adjacent the opening, and an elongate key-lock that slides through the bracket and into the roll and spool within the opening, to lock the roll against axial displacement along the spool. When one roll is exhausted, another is had by rotating the rotary member until another roll enters the cabinet opening.