Abstract: A trim die for sheet metal or other materials is provided to trim the entire circumference of a drawn part. The trim die includes a trim plate with a connected trim punch moveably mounted in a stripper plate. Cam punches with cam lobes engage cam followers on the trim plate to impart motion to the trim die. The trim die of the present invention minimizes displacement of the part to be trimmed, including the excess material, and therefore is compatible with progressive dies. The corresponding method of trimming a part is also provided.