A picture frame molding according to one embodiment includes an elongated body that has an exterior wall, a first channel formed therein for receiving a first member, and a second channel formed therein for receiving a second member. The first and second channels are at least substantially parallel to one another. The elongated body also includes an interior angled wall that is joined to the exterior wall and is formed at an angle thereto. The interior angled wall includes a track that receives an object, such as matboard. The track faces away from the exterior wall and is formed between and at an angle to the first and second channels.