Abstract: An exercise device in the nature of an exercise bicycle includes a ground supported frame, a seat supported by the frame, a first flywheel supported for rotation by the frame, and pedals operatively connected to the first flywheel such that rotation of the pedals causes rotation of the first flywheel. A user positioned on the seat and turning the pedals with his feet may obtain aerobic exercise for the lower portion of the body. Additionally, a second flywheel is supported for rotation by the frame, and handlebars are operatively connected to the second flywheel such that alternately pushing and pulling on the handlebars causes rotation of the second flywheel. The handlebars may be moved by the user to turn the second flywheel to obtain aerobic exercise for the upper portion of the body independently of, or simultaneously with, the aerobic exercise of the lower portion of the body.