A dispenser for housing large (for example, 5-gallon) bottled drinking water containers having a generally narrow mouth (for example, 1-2 inches in diameter) provides a cabinet having a lower end portion adapted to receive the bottle in an upright fashion so that the flat base of the bottle sits upon the lower floor portion of the cabinet and the upper open-mouth portion extends upwardly. A pump suctions water from the bottle and transmits it to a first reservoir positioned at the uppermost portion of the cabinet. The first reservoir is an ambient temperature reservoir for containing ambient temperature water such as is typically used in cooking or the like. A second cold water reservoir is contained generally below the first reservoir and receives flow therefrom via a duct which extends through the central portion of the second reservoir. The duct transmits ambient water to the second reservoir and beyond to a spigot which is affixed to the external cabinet portion of the apparatus. A second spigot transmits cold water from a second reservoir. A port through the wall of the duct allows water to replenish the cold water reservoir from the duct.