Abstract: The subject invention is an improved paper clamping and insertion device. The clamping device comprises of two members connected by an elastic material where each member together with the elastic material can fit through a hole punched by the insertion device or any other standard paper punch. The insertion device consists of a U shaped upper support structure housing a punch and lower support structure housing a magazine of clamping devices. Operation of the insertion device will result in the punch descending and punching the paper sheets. After the punch has penetrated the sheets it then engages one of the clamping devices legs and withdraws it through the punched hole simultaneously the second leg of the clamping device is separated from the magazine and is positioned on the underside of the sheets. Further upward movement of the punch releases the top leg of the clamping device, which in turn is positioned by the elastic member to securely hold the papers between the two legs.