Abstract: An extension for a bit or cutter tool relative to a rotational power source. The extension includes a blind bore receiving the shank of the bit or cutter. The opposite end of the body has structure that can be operatively connected to the source of rotational power. A second bore through the side of the body intersects the first bore. The second bore has two portions. The inner-most portion has a smaller diameter and is internally threaded. The outer portion has a larger diameter and slidably receives a clamping member. Clamping member can be retained by a shoulder bolt and has an end that can enter into the blind bore to clamp the shank in place. Preferably the clamping member is a sleeve having a center bore and a concentric exterior. Another aspect of the invention includes a biasing means that biases the sleeve outward of the bore.