Exactly as described.  Not sure I will ever use the plastic picture insert.  The rest of the organizer is great.  Plenty of room for credit cards which fit snuggly in slots.  Check book fits well.  For me the choice of colors was a factor.  I really like the lighter brown as it makes finding it in brief case or on desk much easier.  Also fits in pocket if I need to carry it that way.  Seems well made and at a fair price.