A company called Blair makes a real nice one, basicly it's a 5/16 small hole saw. Just make sure you centerpunch the spotweld so the drill doesn't "dance" on you! The Blair bits aren't cheap but they work if you take your time and drill with slow speed, you can even dip the bit in a little oil to make it last longer, just get the basic version, they make a real fancy one, which is nice, but not nessary. Good luck, Newbomb