Abstract: A bottle for storing a liquid and dispensing measured quantities thereof. The bottle has a large storage chamber and a small measuring chamber, each chamber including its own threaded, removable cap. The measuring chamber is adjacent and partially above the storage chamber, an opening extending and communicating therebetween. The opening opens to the top of the storage chamber and to the middle of the measuring chamber. A conduit controlled by a manually operated valve extends and communicates between the lowermost portion of the storage chamber and the lowermost portion of the measuring chamber. In a preferred embodiment, the conduit forms a loop with the remainder of the bottle, thus serving as a handle. In this embodiment, the manual valve is located such that it is operated by the hand grasping the handle. In use, the bottle is first inverted, and the valve held open, so that stored liquid fills the measuring chamber.