The purpose of this study was to investigate the effects of 6weeks` deep water exercise on physique, physical fitness. The subjects of this study were 21 elderly women. All subjects participated in deep water exercise program 2times a week for 60 minutes. The deep water exercise program consists of walking, jogging in deep water. Before and after 6 weeks` deep water exercise program, 21 subjects were measured in body circumference, flexibility, strength, muscular endurance, and skinfold thickness. The results of this study were as follows. 1. Body weight and Chest, waist, abdominal circumference were decreased significantly. (p＜.05, p＜.01) 2. Physical fitness variables (flexibility, strength, muscular endurance) were increased significantly. 3. Arm and abdominal skinfold thickness were decreased significantly. (p＜.01) In conclusion, the following points were drawn. Because deep water exercise is no impact exercise, it is especially good for the elderly. It is considered as the efficient exercise to make ideal body shape, and to develop physical fitness for the elderly.