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A tool holder comprises an elongated body having a first end portion for receiving a handle and a second end portion with an adjustable tool retaining mechanism for holding a tool, an elongated handle releasably retained in the first end portion and being configured to be slideable between stop posi

A tool holder comprises an elongated body having a first end portion for receiving a handle and a second end portion with an adjustable tool retaining mechanism for holding a tool, an elongated handle releasably retained in the first end portion and being configured to be slideable between stop positions at opposite ends, and a release mechanism at the first end portion configured to enable the handle to be separated from the body when operated.

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What is claimed is: 1. A tool holder comprising: an elongated body having a first end portion for receiving a handle and a second end portion with an adjustable tool retaining mechanism for holding a tool; an elongated handle releasably retained in said first end portion and being configured to be

What is claimed is: 1. A tool holder comprising: an elongated body having a first end portion for receiving a handle and a second end portion with an adjustable tool retaining mechanism for holding a tool; an elongated handle releasably retained in said first end portion and being configured to be slideable between stop configurations at opposite ends; a release mechanism at said first end portion configured to enable said handle to be separated from said body when operated; wherein said handle has a generally transverse surface at each end portion thereof, said release mechanism having a stop member with an opening through which said handle can pass, said stop member having at least one stop surface configured to engage one of said handle transverse surfaces when said handle is selectively moved to one of said stop configurations. 2. A tool holder as defined in claim 1 wherein said stop member has at least one elongated recess in an outer wall for receiving at least one protrusion from said body that permits limited movement of said stop member in the lengthwise direction relative to said body while prohibiting rotational movement relative thereto. 3. A tool holder as defined in claim 2 wherein said protrusion is a set screw extending inwardly of said body. 4. A tool holder as defined in claim 1 wherein said release mechanism comprises an operating surface for moving said stop member to disengage said stop surface from said handle transverse surface and permitting separation of said handle from said body. 5. A tool holder as defined in claim 4 wherein said handle is cylindrical and has an reduced diameter annular groove at each end defining said transverse surface, said stop member extending exteriorly of said first end portion and presenting said operating surface. 6. A tool bolder as defined in claim 5 wherein said stop member is moveable in said first end portion of said body and is biased in said exterior direction, said at least one stop surface normally engaging one of said handle transverse surface when said handle is moved to one of said stop configurations, moving said stop member downwardly responsive to depressing said operating surface disengaging said stop surface from said handle annular groove transverse surface permitting separation of said handle from said body. 7. A tool holder as defined in claim 6 wherein said stop member is cylindrically shaped and is located in a cylindrically shaped recess in said first end portion of said body, said tool holder having a spring located between the body and the bottom of said stop member for biasing said stop member exteriorly of said body. 8. A tool holder as defined in claim 7 wherein said stop member is configured to prevent rotation thereof relative to said body. 9. A tool holder comprising: an elongated body having a first end portion for receiving a handle and a second end portion with an adjustable tool retaining mechanism for holding a tool; an elongated handle releasably retained in said first end portion and being configured to be slideable between stop configurations at opposite ends; a release mechanism at said first end portion configured to enable said handle to be separated from said body when operated; wherein said handle has a non-circular configuration on at least one end portion and said body has a mating configuration at its top end portion for receiving said handle configuration, thereby enabling said handle to apply a turning force to said body when mated. 10. A tool holder as defined in claim 9 wherein said body mating configuration is located on said release mechanism. 11. A tool holder as defined in claim 10 wherein said handle non-circular configuration is one of a hexagonal key, Phillips or standard screwdriver, and said body mating configuration is a hexagonal slot, Phillips head or simple slot, respectively. 12. A T-handle type tool holder, comprising: an elongated body having a tool retaining mechanism at a bottom end portion and a handle retaining mechanism at a top end portion; an elongated handle slideable in said handle retaining mechanism between stop configurations at opposite ends of said handle; said handle retaining mechanism permitting said handle to be separated from said body responsive to user manipulation; wherein said handle has a generally transverse surface at each end portion thereof, said handle retaining mechanism having a stop member with an opening through which said handle can pass, said stop member having at least one stop surface configured to engage one of said handle transverse surfaces when said handle is selectively moved to one of said stop configurations. 13. A T-handle type tool holder as defined in claim 12 wherein said stop member has at least one elongated recess m an outer wall for receiving at least one protrusion from said body that permits limited movement of said stop member in the lengthwise direction relative to said body while prohibiting rotational movement relative thereto. 14. A T-handle type tool holder as defined in claim 13 wherein said protrusion is a set screw extending inwardly of said body, 15. A T-handle type tool holder as defined in claim 12 wherein said handle retaining mechanism comprises an operating surface for moving said stop member to disengage said stop surface from said handle transverse surface and permitting separation of said handle from said body. 16. A T-handle type tool holder as defined in claim 15 wherein said handle is cylindrical and has an reduced diameter annular groove at each end defining said transverse surface, said stop member extending exteriorly of said first end portion and presenting said operating surface. 17. A T-handle type tool holder, comprising: an elongated body having a tool retaining mechanism at a bottom end portion and a handle retaining mechanism at a top end portion; an elongated handle slideable in said handle retaining mechanism between stop configurations at opposite ends of said handle; said handle retaining mechanism permitting said handle to be separated from said body responsive to user manipulation; wherein said handle has a non-circular configuration on at least one end portion and said body has a mating configuration at its top end portion for receiving said handle configuration, thereby enabling said handle to apply a turning force to said body when mated. 18. A T-handle type tool holder as defined in claim 17 wherein said body mating configuration is located on said handle retaining mechanism. 19. A T-type tap wrench comprising: a generally cylindrical body having a tool retaining mechanism at one end and a handle retaining mechanism at the other end; a handle configured to slide in said handle retaining mechanism between stop configurations at opposite ends; said handle retaining mechanism having a member for permitting separation of said handle from said handle retaining mechanism responsive to user manipulation; wherein said handle has a generally transverse surface at each end portion thereof, said handle retaining mechanism having a stop member with an opening through which said handle can pass, said stop member having at least one stop surface configured to engage one of said handle transverse surfaces when said handle is selectively moved to one of said stop configurations, 20. A T-type tap wrench as defined in claim 19 wherein said handle retaining mechanism comprises an operating surface for moving said stop member to disengage said stop surface from said handle transverse surface and permitting separation of said handle from said body. 21. A T-type tap wrench as defined in claim 20 wherein said handle is cylindrical and has an reduced diameter annular groove at each end defining said transverse surface, said stop member extending exteriorly of said first end portion and presenting said operating surface. 22. A T-type tap wrench as defined in claim 19 wherein said handle has a non-circular configuration on at least one end portion and said body has a mating configuration at its top end portion for receiving said handle configuration, thereby enabling said handle to apply a turning force to said body when mated. 23. A T-type tap wrench as defined in claim 22 wherein said body mating configuration is located on said retaining mechanism.