Abstract: An interchangeable modular furniture system is disclosed as including an underlying supporting structure having at least spaced side walls and a top wall with panels independently and removably mounted to at least one of the walls of the underlying supporting structure. Preferably, independently and removably mounted panels cover at least the spaced side walls and top wall of the underlying supporting structure. Cooperative releasable fasteners are attached to each panel and associated wall for releasable attachment to each other. The underlying supporting structure further includes a base having an underlying ledge adjacent each of the spaced side walls for also supporting the removable panels relative to the spaced side walls. Within the underlying supporting structure, shelves, drawers and/or doors may be employed in order to produce various types of furniture units including credenzas, dressers and dressers/cabinets.