Weight bench having a frame that rests on the floor, a seat mounted on the frame, a backrest pivotally mounted on the frame to the rear of the seat for movement between horizontal, inclined, and declined positions relative to the seat, a plurality of resilient elements which can be selectively connected between the backrest and the frame for lifting the backrest toward the inclined position, a swinging arm pivotally mounted to the frame in front of the seat for movement between raised and lowered positions, a weight bar extending laterally from a free end of the swinging arm for engagement by the legs of a person doing leg exercises, a handle attached to the swinging arm for engagement by the hands of a person sitting on the seat for doing upper body and arm exercises, and weights stored in holders attached to the frame for attachment to the weight bar and for manual use in doing exercises that do not involve the weight bar.