Yep Tom H. I read your reply, then went from my easy chair out to the shop, came back in and looked over the set real close under good light. Looking IN the head-ring, thought to my self, "This one is not made right. Reread your post and then I knew it is some method to hold the collet yet not by much. Yep I found to put the collet in the body first then screw on the ring/cap, what ever ya call it, it will not engage the college. When I first messed with the thing, could press the Collette in enough to not be able to get it out so used my lathe knock out bar and found I could get the first 6 sizes out that way but not the 2 biggest ones. so that was my reason for the post To start with. now thanks to these POSTS I reckon I understand the whole concept. I do understand a Morse taper coming out my tail stock having a drill chuck in drilling a pen blank and withdrawing the bit from the blank, the chuck and drill bit still in the revolving pen blank felt like it surely broke bones in my hand. It didn't so looks like I will be making a draw bar now that I see the whole thing. I sure am glad you included that thread. Thanks a bunch. Dave J.