Abstract: A folding picture frame comprising a rectangular housing and a rectangular front picture panel hinged along one side of the housing and normally folded against the housing in face-to-face relation unfolds to one side to reveal a second picture of approximately twice the size of the front panel picture and expose a plurality of selectively displayable pictures concealed within the picture frame and unfoldable by hinge means in the direction of the unfolded front picture panel. The front picture panel hinge and the concealed picture hinge means are such that each of the selected interior pictures, when unfolded for display, lies in a substantially flat plane.