A milling cutter includes a disk like cutter body having radially directed slots and a central aperture. An exchangeable hub of the milling cutter has two adapter members located on either side of the cutter body and has an inner side wall. One of the adapter members has at least two protrusions formed on the adapter inner side wall and one of the two adapter members has a raised portion located on the adapter inner side wall. The adapter members are secured to the cutter body by the protrusions positioned in the slots and the raised portion positioned in the central aperture.