Abstract: A fishing float having a retaining ring resiliently biased into contact with the circumferential surface thereof is disclosed. The retaining ring is shaped substantially the same as the circumference of the float and is removably engaged therewith. Alternatively, the retaining ring may include one or more offsets through which a fishing line may freely move. The retaining ring has two free spaced apart ends forming an opening therebetween, with each of the free ends bent to form a guide means thereon for directing a line between the retaining ring and the body of the float. A removable element may be employed to firmly lock the free ends of the retaining ring in fixed spaced relationship.