The invention provides a disk changer which is improved in convenience in use and functionality. The disk changer includes a rotatable tray having a plurality of annularly arranged accommodation portions, a tray rotating mechanism, first and second recording and/or reproduction sections each for recording and/or reproducing an information signal onto and/or from one of the disk-type recording media, and first and second disk takeout mechanisms each for taking out a disk-type recording medium accommodated in an accommodation portion of the rotatable tray and transporting the disk-type recording medium to the corresponding recording and/or reproduction section and for taking out the disk-type recording medium from the corresponding recording and/or reproduction section and transporting the disk-type recording medium to an accommodation portion of the rotatable tray. Any of the disk-type recording media transported to the recording and/or reproduction sections by the disk takeout mechanisms is disposed at a position retracted from a locus of movement of the disk-type recording media accommodated in the accommodation portions when the rotatable tray rotates.