Abstract: A timer and alarm apparatus suitable for complementary use with medication containers or other similar vessels. The timer includes an electronic elapsed time measuring unit and a display unit for indicating the elapsed time, an interval set unit for presetting a desired time period, an alarm unit to signal the conclusion of the preset interval and a reset unit to reinitiate the measurement of elapsed time. The timer also includes a unique capsule-shaped housing and includes an elastic strip for disposition about an appropriate container. The reset unit may be automatically responsive to the periodic dispensation of the contents of the container.