Abstract: An improved container assembly for the storage and dispensing of pre-moistened towelettes is provided. The assembly includes a container and a multi-function cap. The cap matably engages the upper end of the container and further provides an additional storage area for the storage and retention of partially used towelettes. The cap also provides a relatively airtight seal to keep the towelettes moist and prevent them from prematurely drying out. A flexibly web in the cap enables the towelettes, connected to one another by perforations, to be pulled through the web of the cap. An individual towelette is separated from the roll with a sharp jerk or tub which tears the towelette along the perforation and leaves the remaining towelette extending partially through the web. An area underneath the top closure member of the cap and the web provides a sealed area for the storage of partially used towelettes.