Abstract: A rotatable wood planing apparatus that includes a cylindrical planing knife body provided with a plurality of longitudinally extending, forwardly inclined, radially outwardly opening channels for holding knives. Parallel to each of the knife holding channels is an adjoining channel for holding a clamping means such as a gib for clamping said knives in the channels. The rear surfaces of the knife-holding channels and the forward surfaces of the knife-clamping channels are in planes that converge outwardly. A knife-holding clamp is provided to securely hold the knife in a desired position. The knives can accurately be fitted and secured into the clamps prior to insertion into the knife-holding channels.Means such as bolts or screws adjacent the rear of the knife-holding channels are provided for retaining the clamp and knife combination in the channel. A gib or wedge is fitted in the clamping channel to lock the clamps and knives in place upon elevation of the gib in its channel.