Abstract: The present invention relates generally to improvements in machines designed to form longitudinally extending slots in the shanks of fasteners and more particularly in fasteners having radially extending wings at the entering end portion. The machine incorporates an indexing dial with blank receiving pockets at the outer periphery thereof to transfer the blanks from a loading station to a slotting station. An orienting station intermediate the loading and slotting stations creates a rotary force on the shanks of the fasteners causing them to rotate relative to the pockets. The pockets include means to limit the rotation of the shanks therein by interengagement of one of the wings with an abutment surface formed in a recess in the pocket. The orienting station revolves the blank about its axis until the shank is properly oriented for the slotting operation.