An adjustable tripod stand having independently adjustable legs includes an upright member for supporting an object, such as a drum, at its upper end. A pair of independently movable collar members are slidably mounted on the upright member and longitudinally adjustable relative to and past one another and to an upright portion for selective positioning thereon. A releasable fastener on the collars secures them to the upright member at selected positions. Three movable leg members are connected at their upper ends, two to one of the collar members and one to the other collar member. Movement of the collar members permits the stand to be erected in limited or confined areas. The stand preferably includes a leg extender member slidably mounted on the exterior one of the leg members, which is movable a selected distance permitting the stand to be positioned on different levels, such as stairs. An embodiment for supporting bass drums has a collar member fitting the upright member having four equally spaced radially extending lugs. Four legs are pivotally supported on the lugs and movable toward and away the upright member to provide a cradle for receiving and supporting a bass drum. Another embodiment for supporting a conga drum has three independently movable legs, two sets of collar members slidably mounted on the legs, a central pivot member for each set of collar members, and upper and lower leg extender members slidably positioned on the legs. Support plates on the upper ends of the upper leg extender members are movable therewith to an upper position defining a base for supporting a conga drum. When one of the lower leg extender members is extended a support is provided for the tripod on different levels.