A copy lathe is provided with template supports projecting from both head stock and tail stock which support a template above the bed, and clamp securing the the template to the support means, there being provided a tool holder having a follower guide thereon which extends vertically upwardly from a base, the toe of the base however extending forwardly beyond the follower guide and beneath the template, the tool holder having a tool locked thereinto with the cutting edge of the tool vertically above the follower.