Provided is a combined combination lock and padlock comprising a second shackle receiving hole including an inside slot at one leg of a shackle of steel rope for receiving a spring depressible block, a tumbler wheel assembly, a key turning assembly, a pivot assembly, a push button, and a U-shaped shackle, A correct combination of tumblers and a subsequent pressing of the push button will disengage a dog with the slot and thus expansion of the block will push the leg out of engagement with the lock. Should either the combination be forgotten or the combination be changed by another person, a turning of the shaft about 90 degrees by inserting a key into the keyhole will turn the projection and the engaged engagement member for releasing the dog.