A tool-changing system for a press utilizes a rotary turret on which different tools are rigidly fixed. The turret includes a circular table base which is rotatably mounted on top of the press anvil. As the turret is turned, a different tool is moved into the work zone in vertical alignment with the upper tool on the press ram. The turret table can either be manually or motor driven in either direction between indexed operative positions. The indexing system which senses the position of the turret and indexes the turret to its next operating position uses only two simple sensors which are located beneath the turret table. Each sensor reads a different circular track on the underside of the turret table.