Abstract: A cutting tool having a cutting plate with at least one blade and a central axial hole through which a head screw can be used to connect the cutting plate to a holder having an axial bore through its center for receiving the screw and a recess around the bore for receiving a complimentary projection located around the central hole of the cutting plate which is longer than the recess is deep. Alternate embodiments are provided in which the projection is located on the holder and the recess in the face of the cutting plate. In all embodiments, the recess and projection have contacting surfaces which substantially eliminate axial forces on the head screw.