A system relating to providing a cutting board/serving tray that: reduces wear on the cutting board peripheral edge and cutting knife surfaces; prevents cuts along a fluid retaining channel; and, provides for food to be prepared, cut and served on the same tray. In a preferred embodiment, such tray system provides at least a 4-way use combination including: at least one combination wherein the lower piece serves as a tray and the upper piece serves as a tray cover; at least one combination wherein the upper piece serves as a bowl and the lower piece serves as an ice container; at least one combination wherein the lower piece serves as a bowl and the upper piece serves as a bowl cover; and at least one combination wherein the upper piece serves as a tray and the lower piece serves as an ice container.