The present invention relates to a milling cutter for chip machining equipped with adjustable cutting inserts (42). The milling cutter consists of a tool body (10) having a plurality of peripheral recesses (11). Each recess is adapted to receive a wedge (38), a screw (39), a support element (22), an adjustment element (29) and a cutting insert (42). The adjustment element is rotatably connected to the support element to provide displacement of said cutting insert, which abuts against the element in a direction away from the adjustment element. The wedge and the screw are arranged to cooperate to provide a fixed location of the insert in its adjusted position.
