Abstract: An aerator as disclosed for use in combination with a live bait bucket. The aerator includes a tank having an interior chamber with an outlet open to the interior chamber. The tank chamber is pressurized while a tube has one end fluidly connected to the outlet and the other end disposed in the bait bucket to thereby aerate the water contained in the bait bucket. The device is also usable as a chumming device in which an absorbent pad is connected to the free end of the tube. The pad may be either immersed in a fish attractant material or the tank partially filled with fish attractant material such that, with the absorbent pad disposed in the water the fish attractant material is dispersed through the absorbent pad.