Abstract: A blade clamping device for securing a blade assembly on a rotary cutting tool having a body formed with a cylindrical surface concentric with the axis of the cutting tool. The clamping device selectively locks the blade assembly in position along a radially disposed track which is defined by an elongated slot extending radially from the cutting tool body's outer diameter to its inner bore and a key-shaped channel formed inwardly of the elongated slot's bottom wall. A ball head screw is slidingly retained in the key-shaped channel such that its threaded shank is held in threaded engagement with a threaded aperture formed in the blade assembly in order to provide a means to selectively clamp the blade assembly in position along the elongated slot.