The invention discloses an
engraving and milling
machine tool with a
servo magazine. The
engraving and milling
machine tool is characterized in that the
magazine is obliquely mounted on a cutter head supporting
oblique plane of a cutter head supporting seat, faces a spindle and comprises a turntable, a plurality of sets of jaw groups and shanks, the turntable is parallelly mounted on the cutter head supporting
oblique plane of the cutter head supporting seat, the multiple sets of jaw groups are circularly distributed at the
peripheral edge of the turntable, and the shanks with milling cutters are clamped on the jaw groups; the set of jaw groups at the lowermost end of the
magazine is positioned at a horizontal location. The
engraving and milling
machine tool has the advantages that the magazine can easily avoid cutter shafts when rotating, the jaw groups can be horizontally shifted after the shanks are mounted on or detached from the cutter shafts in the vertical directions, accordingly, the magazine only needs to rotate on the cutter head supporting
oblique plane of the cutter head supporting seat in integral cutter changing procedures and can avoid the cutter shafts without translating in the X-axis direction, cutters can be changed without large spaces, and the integral engraving and milling
machine tool is compact in integral structure and small in occupied space; the integral cutter changing procedures are simple, the cutter changing time can be greatly shortened, accordingly, the engraving and milling
machine tool is reasonable in structure and low in production cost, and the cutter changing efficiency can be greatly improved.