Abstract: An E clip fastener installing tool for holding and retaining an E clip fastener in a predetermined position prior to installing the fastener. The tool includes a body having first and second end portions and a shank portion extending between the first and second end portions. The first end portion terminates in a pair of blades disposed parallel and in spaced relationship with respect to each other to define a slot therebetween for holding and retaining the E clip fastener therein. The second end portion includes a polygonal shape presenting a plurality of surfaces and which is adapted to be supported by a tool bit holder.