Abstract: A machine tool in which processing can be performed on the workpiece from two directions and in which various types of machining processes other than turning can be performed on the workpiece by means of a turret on which a plurality of tools are mounted. The turret is freely indexible on a tool rest which is mounted on a horizontal guide for horizontal positioning. The horizontal guide is mounted for vertical positioning on a vertical column which is in turn mounted on a horizontal slide member the axis of which is perpendicular to the horizontal guide section supporting the tool rest. A workpiece holder is mounted for free rotation on the frame of the machine tool. The turret may thus be positioned and indexed so as to select one of a variety of processing tools such as a cutting tool, a drill, a milling cutter, or the like, and to perform the processing in either a horizontal or vertical direction.