Create solid model milling tool

I am trying to create a milling tool from a solid model.  It is a special shape that I want to make sure cuts correctly.  The solid model has 1 feature - Revolve.  When I am in a manufacturing file, these are the steps I am taking: click Tools Setup, File, New, Open Tool Library - By Reference... and I choose the solid model. But nothing happens.  I remember in training we did this and the model came right up.  I think the difference may be that the solid had named dimensions such as length, cutter dia. etc.  Do I need to do this with my solid model for it to work?  If so, how do I name those dimensions in my solid?  Is there anything else I am missing?  I have attached the cutting tool file just in case that helps.

Thanks,

Brandon