Abstract: A picture frame capable of storing more than one picture, which includes a front frame member hingeably and removably attached to a rear support member, where the front frame member includes a frame surrounding a transparent display window and where the rear support member includes a picture compartment for storing pictures. The front frame member also includes a removable mat board mounted on the inside of the transparent window. The mat board forms a border on the inside of the display window and is releasably secured to the front frame member by flexible support arms. The front frame member and the rear support member are connected by a pair of releasable and interrelating fasteners mounted on the front frame member and the rear support member, respectively, for releasably securing the front frame member to the rear support member. The picture compartment includes an automatically adjusting, removable rear picture support removably mounted within the picture compartment.