Abstract: A marker-retriever mountable on a fishing rod, hand tool, or other article to be used near water, for marking and retrieving the submerged article should the article be dropped into water; the marker-retriever including, generally, a housing comprising a fixed housing member, a releasable housing member, and a wrapper partially enclosing the housing members to maintain cooperation therebetween, attaching means for securing the housing to the article, a buoy disposed within the housing, release means for releasing the buoy from the housing when the article is submerged, and a line connecting the buoy to the attaching means.