Method and apparatus for dispensing filament such as tippet fishing line

Disclosed is a storage container enclosing a plurality of spools for receiving filament such a fishing tippet line. The spools are positioned adjacent to each other on separate shafts and rotate independently. Each spool may be removed from its shaft in the container, and a length of tippet line may be conveniently wound around each spool outside of the container. The spools are then returned to their respective shafts in the container. The free end of each spooled tippet line is threaded through an access hole in the side of the container and extends across the outside of the storage container to a structure that conveniently holds and cuts the tippet line. A desired length of tippet line may be withdrawn through the access hole and cut. The storage container is preferably relatively thin and compact. It may be small enough to fit within an average-sized pocket in a fisher's clothing. When the lid of the storage container is closed, the lines on the spools are protected from tangling and unwinding.