Abstract: A device and method for dispensing and storing multiple rolls of rolled material dispensed on a spool, such as toilet paper, has a storage frame configured to hold the multiple rolls on a generally vertical shaft. The shaft extends upward from the bottom of the frame with the uppermost roll of material being freely accessible for use on the shaft. A lifting assembly is slidably secured to the shaft and positioned below the bottom roll of rolled material. During use, the lifting assembly is raised or lowered to position the uppermost roll of material for use. When the uppermost roll is depleted, any empty spool may be readily lifted from the top of the shaft and the lifting assembly raised again and secured in place to raise the next available roll of material for use. In a preferred embodiment, one face of the frame has an upwardly extending slot and a plurality of notches extending generally perpendicular from the slot at predetermined distances along the slot.