Abstract: A portable beverage dispenser is disclosed and includes a self-contained unit that is conveniently located on the shelf of the user's refrigerator for dispensing a cooled carbonated drink. The dispenser automatically mixes carbonated water and a syrup of selected flavor and then dispenses the mixture for obtaining a low-cost carbonated drink. The dispenser is of relatively simple construction and includes a water container that receives water from the sink tap and further includes a bottle of carbon-dioxide gas that communicates with the water container for periodically supplying carbonated gas thereto for obtaining the carbonated water. A unique flavor selector valve assembly is embodied in the dispenser and operates to dispense the carbonated drink from a nozzle communicating therewith.