Abstract: A trolling jig or fishing lure includes a body portion having a cylindrical first member extending axially from a head member. The first member includes a plurality of recesses for receiving prongs extending from a second member for coupling the second member to the first member in a number of different positions. A leader passes through a bore extending through the head member and first and second members, and terminates in a closed loop for connecting to a hook. A clip member is attached to the leader and is removably coupled in a recess of the second member to secure the body portion of the lure in a fixed angular position on the leader.