Abstract: A screwdriver is provided having a handle for storing bits. The stored bits are held in the handle in transverse orientation with respect to the long axis of the screwdriver by sleeves of resiliant material which are press fit into transverse openings through the handle. The sleeves have internal diameters slightly smaller than the outside diameters of the bits being stored. To remove one of the stored bits for use, the user simply removes the bit previously used and which is magnetically held to the screwdriver shaft and presses it into the opening in the sleeve holding the desired bit, thereby freeing the desired bit and, at the same time, storing the bit previously used. The desired bit is then affixed to the magnetic holding means.