FIG. 1 is a front elevational view of a magnetic soap holder showing my new design, the soap bar being shown in broken lines for illustrative purposes only;

FIG. 2 is a side elevational view thereof;

FIG. 3 is a top plan view thereof;

FIG. 4 is a bottom plan view thereof;

FIG. 5 is a rear elevational view thereof; and

FIG. 6 is a sectional view taken in the direction of the arrows on line 6--6 of FIG. 1.