Abstract: A fishing tackle box apparatus has a housing with a plurality of sides and a latchable lid hinged thereto. A first carousel is rotatably mounted in the housing and has a plurality of radially extending support arms mounted around a center support cylinder for hanging a plurality of fishing lures thereon and a second carousel is slidably mounted in the center of the first carousel and also has a plurality of radially extending support arms mounted around a center support cylinder. The first carousel can be rotated to a proper position and the second carousel telescoped up for selecting a fishing lure. The fishing tackle box also has a storage drawer slidably from one side thereof and a slideout front panel. A storage space is provided for storing the panel and the box sidewalls have drain openings and at least one ventilation opening.