An easel binder includes hingedly interconnected front cover, back cover and spine panels; and page-mounting means are secured to the inside of one of the two cover panels. A brace, including a swingable medial panel and an end panel hingedly connected to the otherwise free end of the medial panel, is connected to one of the cover panels; and cooperating fasteners are mounted on the end panel of the brace and on a different one of the cover panels so that the cover, back and spine panels can be reversibly configurated into pyramidal form and secured pyramidally so that the binder can be used as an easel.