Abstract: A combined nail clipper and key holder which comprises a nail clipper housing including a hollow portion provided with a pair of lateral grooves disposed on opposite walls of the housing, the nail clipper housing further including an aperture disposed at the rear end and a key ring connecting member rotatably attached to the front end thereof, a nail clipper having a pair of laterally extending locking pins, the nail clipper being rotatably mounted to the rear end of the nail clipper housing by an end pin which extends into the aperture whereby the nail clipper is rotatable between an inoperative portion where the nail clipper is held in its housing by the functional engagement between the lateral grooves and lateral locking pins and an operative position where the nail clipper is rotated out of the housing about the end pin.