A hitch adapted to be mounted in the bed of a pickup truck for towing a trailer having a coupling mechanism and safety chains. The hitch includes a ball adapted to releasably interlock with the coupling mechanism. The ball has an upright position for engaging the coupling mechanism and a stowed position. The hitch further includes vertically oriented rings for engaging the safety chain. The rings are slidably located in horizontal slots in the hitch and are slidably retained in the slots by pins located transversely with respect to the slots. The rings are movable upwardly from stowed positions for engagement with the safety chains. The rings automatically drop to the stowed positions by virtue of gravity acting on the rings after the safety chains have been disengaged from the rings. The stowed positions of the ball and the rings insure that the bed of the pickup is substantially unobstructed by the presence of the hitch when the hitch is not in use.