Abstract: A tool presetting device for longitudinally presetting an end cutting tool in a tool holder for use in a single or multiple spindle automatic bar machine characterized in that the device has a tool holder support which non-rotatably holds the tool holder in a predetermined axial position for axial adjustment of the tool to engage a preset micrometer which is clamped in one end of a micrometer holder. The other end of the micrometer holder is frictionally swingably retained in a selected groove of a grooved bar which is parallel to the tool holder and tool for swinging movement of the micrometer in a plane perpendicular to the tool holder and tool axis from a position laterally clearing the tool holder and tool for axial insertion and removal of the tool holder and tool from the tool holder support to a position whereat the end of the tool may be axially advanced with respect to the tool holder for engagement with the micrometer.