An inversion apparatus for performing exercises of suspending the body of a person in an inverted position. The inversion apparatus including a stable steel frame, a winch, and a pair of padded anchor rings which connect the feet of the person to a winch operated by a motor or manually. Controls are provided for the person to operate the winch at will, to move the person up and down to a controlled and gradual elevated, inverted position. The person may also perform multiple exercises in the inverted position. For this reason a series of horizontal crossbars have been included in the design. A time delay in the winch system controls the movements of the winch in order to avoid a run-on condition in which the winch might fail to reverse.