Abstract: A cooler is provided for a typical carbonated beverage can, which facilitates cooling of the can and drinking of beverage from the cold can. The cooler includes a container bottom assembly which closely receives the can and a top assembly which fits into the bottom assembly to trap a can therein. About two-thirds of the height of the can lies in the bottom assembly, and the bottom assembly closely surrounds the can, to keep the can cool even when the top is removed and liquid is drunk from the can lying in the bottom assembly. The bottom assembly includes a refrigerant element having a raised middle portion which is received in the concave bottom of a typical pressurized twelve ounce can. The bottom assembly includes a hard cup-shaped shell and a cup-shaped foam liner, the bottom of the liner being closely held in the shell but the top of the liner being spaced from the shell to provide space for an interfitting lip on the top assembly.