Abstract: An applicator for dispensing a tape coated with an adhesive compound onto a dry wall, particularly along the abutting margins of the dry wall panels, the applicator including a housing containing a reel from which the tape is dispensed, and a chamber through which the tape passes, the chamber having a distributor nozzle which applies a dry wall compound to the tape. The housing carries a set of applicator wheels over which the tape passes; the applicator wheels press the tape flat against the abutting margins of coplanar panels. The adhesive property of the dry wall compound is utilized to draw the tape through the applicator housing. A V-shaped pressing wheel is movable into engagement with the tape for the purpose of applying the tape to angularly disposed panels. The housing carries a tape cutter disposed adjacent the applicator wheels. A valve is provided to control the supply of the compound.