<p>An improved picture frame having an open display pocket mounted behind a viewing aperture for quickly and easily changing the picture displayed within the frame. A storage compartment extends from the rear of the display pocket for conveniently storing a plurality of pictures while they are not being displayed, and a peripheral easel is mounted to the rear of the frame for supporting the frame in either a portrait or landscape orientation without interfering or traversing the display pocket or the storage compartment.</p>
