A combined writing instrument/sheet material dispenser is comprised of a body that has a tip portion, a sheet material dispenser portion and a grip portion disposed between the tip portion and the sheet material dispenser portion. Formed within the sheet material dispensing portion of the body is a compartment that is sized to receive and hold a stack of sheet material. The stack of sheet material is formed from a plurality of individual sheets that are adhered together with a releasable adhesive layer. A slot is formed in the sheet material dispensing portion of the body to communicate with the compartment and there by allow a top-most sheet in the stack to be exposed for use.