Abstract: A picture retaining clip for use at the corners and along the sides of a back-loading picture frame, which clip also may serve as a means for hanging the frame. The clip is a strip of resilient material with a central web and bent ends. When the clip is mounted at the corners of the frame, a tab at each end of the clip abuts a forwardly raised ridge at the rear of the frame. When the clip is mounted along the side of the frame, a flange formed along the central web of the clip abuts either a forwardly raised ridge at the rear of the frame or a rearwardly raised ridge along the front of the frame. A hole and serrations in the central web of the clip receive hooks, nails, wire, and the like for hanging the frame.