A toolholder connector having one threaded end and one end with a male quick change portion is threadingly engaged with a first toolholder having a threaded bore. The quick change connector also has a male quick change portion that is engaged within a side activated receiver of a second toolholder. Prior to activating the receiver, an alignment pin associated with the first toolholder is lined up with alignment slot associated with the second toolholder such that when the two are brought together, a pre-determined radial alignment will be retained.