An adjustable tripod stand having independently adjustable legs that includes an upright tube member for supporting an object, such as a drum, at its upper end. Independently movable collar members 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.