Abstract: A one-piece paperboard picture frame with self contained easels. The frame is fabricated from a single piece of paperboard divided into three foldable panels which are die-cut according to a predetermined pattern to create a display opening and easels for supporting the frame in a horizontal or vertical orientation. Cutouts for finger holes are provided for use of opening the easels. Mounting holes are provided to enable hanging of the frame in a horizontal or vertical orientation. The frame opening is provided with die-cut flaps which are folded inwardly and secured in die-cut slots to receive and securely hold the photo to be mounted therein in a rectangular opening. The cooperative interconnection of the frame flaps and slots space the front panel from the next adjacent panel and create a depth and a three dimensional aspect to the frame at the display opening in which a photo is to be mounted.