An assembly is provided that allows construction of a watch that includes multifunctional illumination options. The assembly of the present invention provides a means for illuminating the watch face, a high intensity flashlight and a watch locator beacon. The assembly overcomes the drawbacks associated with filament lamps by using LED lamps that provide greater brightness with less power consumption. Further, the present invention relies on a unique feature of LED's, whereby they are only illuminated by DC power at the right polarity to provide a compact assembly that utilized a minimum amount of space.