The tool holder of a machine for cutting a supply of insulated electrical conductor into discrete lengths employs a standard cutting blade. The standard blade serves as the outer boundary of the tool holder and of the remainder of the machine, thereby assuring that the cut lengths can pass to the next processing station without striking any component and thereby become disoriented. Use of the standard cutting blades is accomplished by employing conventional fasteners to retain the blade on the tool holder. The cutting blade is located in the tool holder by a slotted member and blade shank end locator.