An exercise apparatus includes a frame configured to rest on a floor surface; left and right cranks rotatably mounted on the frame; left and right first rocker links pivotally mounted on the frame; left and right drawbar links pivotally interconnected between respective cranks and respective first rocker links; left and right second rocker links pivotally mounted on the frame; and left and right foot links supported by respective cranks and respective rocker links. On one embodiment, the second rocker links are selectively pinned to respective first rocker links to configure the apparatus for elliptical striding exercise, and the second rocker links are alternatively pinned to the frame to configure the apparatus for arcuate stepping exercise. On another embodiment, adjustable length members are interconnected between respective second rocker links and respective first rocker links to accommodate variable elliptical striding motion.