Abstract: A machine tool comprising a headstock having a rotatable spindle for supporting and rotating a workpiece. A turret mounted on the headstock and offset to one side of the spindle carries tools to work upon a workpiece in the spindle. Bearing means offset to one side of the spindle supports the turret for indexing movement about and feed movement along an axis parallel to the spindle axis and second bearing means extending to one side of the spindle housing on the machine bed supports the first bearing means and the turret for movement toward and away from the spindle axis. The bed of the machine does not project substantially beyond the spindle housing in the direction of the spindle axis and the turret projects outwardly of the bed. The turret is movable along the axis of rotation thereof a variable distance depending upon the work to be performed.