An improved photograph display and storage device for mounting and displaying a photograph of various sizes and additionally storing a plurality of negatives and other mounted, bound, unmounted or unbound photographs of various and differing sizes. The device utilizes an insert, which supports the displayed photograph and accommodates a plurality of stored photographs. A slidable transparent window permits the displayed photograph to be easily changed. A photo mat having a plurality of different sized openings may be used to attractively display a variety of different sized photographs. The device may lay flat upon any supporting surface, be detachably secured to a stand in a rearwardly tilted direction, or hung on a vertical surface to provide an eye pleasing effect for the displayed photograph.