Abstract: A purse comprises a frame including a pair of elongated parallel rails and a pair of V-frames connected to opposite end of the rails which allow the rails to be moved between spaced apart and closed together positions. A cover defining an enclosure is sized to fit around the frame when the rails are in both of their positions. The cover includes opposite side walls with upper edge margins and cooperating fastening means on the frame and on the cover for releasably securing the side wall upper edge margins of the cover to the rails of the frame.