This invention relates to a shrinkable dispensing container for probe covers of an ear thermometer. Therein, the ear thermometer probe cover refers to a product having a hollow body and a flange. The dispensing container for probe covers of an ear thermometer comprises a main body for accommodating a plurality of stacked probe covers and an access opening formed at one end of the main body for allowing an ear thermometer probe to insert into the probe cover in the main body. The present invention is characterized by a bottom portion formed at another end of the main body opposite to the access opening for supporting all the probe covers stacked within the main body. The main body is primarily composed of a plurality of member portions wherein each of the member portions comprises at last a bending portion so that when the member portion receives a compressing force acting along a lengthwise direction thereof, the bending portion is bent and contracted accordingly, and thereby causes the main body to be shrunk along a lengthwise direction thereof. An abutting component is disposed in the main body adjacent to the access opening to abut against the annular flange of the probe cover for preventing the probe cover from falling when there is no force acting on the probe covers of an ear thermometer.