Yes, convertible clutch from early 90s. They are usually easily recognizable by those dented in bottom corners.The bag has two pockets -- a zip pocket inside that goes all the way across the back and a pocket all the way across the base of the bag in the front (the bottom of the male part of the turnlock is visible inside the pocket. The bag is roomy 11 across by 8 high and 3 deep. I'm sure you are right that it is a convertible clutch. when would it date from? Early 90s?