A combination bait bucket and tackle box comprises a cylindrical container providing a means for dry storage of fishing supplies and also live bait. The bait container comprises a top portion of the device. The container further comprises a hinged access lid, a carrying handle, and a pair of slots adapted for securely receiving an aerator pump and a lantern. A bottom portion of the bait container lockably engages a top portion of the tackle box in order to allow the entire apparatus to be carried as unitary device. The tackle box comprises a round bottom portion of the apparatus which includes a plurality of drawers for storage of fishing supplies.