A milling tool has a basic body rotatable about a center axis, and including an outside, which includes a pair of opposite front and back sides, as well as a peripheral envelope surface. The body is equipped with a plurality of replaceable cutting inserts. The basic body includes an inner hollow space having an internal limiting surface, in which there collectively mouth a plurality of bores. The bores also mouth in the outside. Each cutting insert is mounted on an outer end of an ejector, which is rectilinearly movable in the individual bore and has an inner end accessible from the hollow space, and which interacts with a compressible force generator, to pull the same into the bore. By mounting the cutting inserts on ejectors, which simultaneously are accessible from a common hollow space, the cutting inserts can be replaced fast and easily, and possibly also be indexed.
