Abstract: A rotary cutting tool includes a tool holder. The tool holder has holder body and an adjustment sleeve circumferentially disposed thereabout. The adjustment sleeve has an at least one sleeve adjustment groove which decreases in distance from a sleeve central axis in a rotational sleeve direction. The tool holder further has a plurality of insert cartridges, each having an insert pocket and at least one cartridge pin. At least one pin is located in a respective sleeve adjustment groove. The tool holder is adjustable between inner and outer adjusted positions by rotating the adjustment sleeve in the rotational sleeve direction. In the outer adjusted position, the insert cartridges are displaced in an outwards adjusted direction so that the insert pockets are radially outwards compared to the inner adjustment position.

Abstract: A device for setting cutters in the periphery of an annular cutter holder to a plurality of selected radii, said device including a base for rotatably supporting the cutter holder and an adjustable gauge mounted on said base which may be selectively positioned at a plurality of settings to provide a plurality of distances to which cutters may be set from the center of the cutter holder, said cutter holder having one or more angular shaped slots in the underside thereof for receiving cutters therein and wedge means for securing the cutters in said slots.