The present invention is directed towards a portable, insulated container with lid; particularly towards a portable insulated container with lid and attached tray for movement between a stowed and elevated position above the surface of the container lid capable of supporting various items thereon while simultaneously allowing the user to lift the lid of the container to access the interior; more particularly to a portable cooler with an attached retractable tray constructed and arranged to be readily positioned by a single user at various elevations above the surface of the lid.