Abstract: A tool holder for use with a mounting system including a spindle having a central frusto-conical bore and a draw bolt positioned centrally in the upper end of the spindle bore. The tool holder includes a central cylindrical main body portion having an annular groove in its upper end; a lower portion extending downwardly from the main body portion and including attachment means for receipt of a suitable tool; and a reduced diameter conical neck portion extending upwardly from the upper end of the main body portion, concentrically within the annular groove, sized to pilot upwardly into the conical bore of the spindle and having a threaded central bore at its upper end threadingly coacting with the lower end of the draw bolt to pull the holder into the spindle.