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Hole-punch requires absolutely no effort to switch from two-hole to three-hole format. No screwdrivers needed, no thumbscrews to mess with, no adjustment required. One side is a dedicated three-hole punch, while the other side is a dedicated two-hole punch. Lever handles slice through up to 20 sheets of 20 lb. paper with ease. Punches a standard three-hole and a standard two-hole (2-3/4" centers) pattern. Includes high-capacity chip pan. Punches 9/32" diameter holes.