Abstract: A combined shoe holder and carrier having a pair of front and rear covers made from some lightweight rigid material. Each front and rear cover is attached together by an adjustable fastener which allows them to move in relation to each other thereby varying their size. A biasing spring hinge means attached to the bottom of the covers maintains the shoes in either a flat position or a folded position. The shoe holder has extendable handles which permit either carrying or hanging during storage. Flat heel and sole portions permit standing the shoe holder in an upright, vertical position or lying it in a flat, horizontal position. A bolt, whose head is permanently mounted to the inside of one cover, slides in and extends through a groove in the other cover, and varies the size of the shoe holder with an adjusting unit. A detachable cover extends over the opening in the top of the shoe holder.