Abstract: A combination bicycle and handbag includes a bag body, a continuous strap attached at its ends to the bag body to form a closed loop, and pairs of complementary fastener members attached to the strap adjacent to its ends and positioned on the strap such that portions of the strap which include the fastener members may be looped about a handlebar crossbar and secured thereto by engagement of the complementary fastener members such that the bag body is suspended from the crossbar. The fastener members preferably are of the releasable type, such as snaps or strips of hook and loop material so that the bag maybe removed from the crossbar and used as a handbag with a shoulder strap.