Abstract: A device (1) for exchanging at least one cutting component (2a) of a rotating tool (2), in particular a milling tool (2), and more particularly, a hollow milling tool for machining workpieces made of plastic. The device has an aligning device (5) for orientating a position of the cutting component (2a) relative to a rotational axis (2c) of the tool (2) and an exchanging device (6) for releasing the cutting component (2a) from a part (2b) that remains on the tool (2) and for attaching another cutting component (2a) to the part (2b) that remains on the tool (2).