Abstract: A floating fish receptacle for retaining caught fish in a live condition under water includes a molded foam, generally cylindrical housing member which includes as part thereof in unitary construction a floatation collar outwardly extending from the outside diameter surface and a pair of baffle members inwardly extending from the inside surface. The baffle members are arranged in an axially (vertically) separated relationship and are radially spaced 180.degree. apart so as to create a zig zag slide action for fish which are dropped through the top opening of the housing. As the fish enters, it strikes one downwardly and inwardly inclined surface of one baffle member and then is transferred to the corresponding surface of the other baffle member and then on through to a mesh bag which is suspended therebelow for retention of the fish. The top opening of the housing is above the water level while the opposite and lower opening of the housing member is below the water level.