Six genetic populations, viz, $P_1$, $P_2$, $F_1$, $F_2$, $B_1$, and $B_2$ of three crosses involving five varieties ($342{ imes}$Kimjanggochu, Masan${ imes}$Hungarian was, and Masan${ imes}$Jeju) were used for estimating heterosis, heterobeltiosis, inbreeding depression, genetic components, heritability and correlations for fresh and dry anatomical components of red pepper. The results obtained were summarized as follows. Heterosis was positive in most characters of three crosses and heterobeltiosis was negative except in cross $342{ imes}$Kimjanggochu. Inbreeding depression was positive, showing decrease of weight in $F_2$ generation. Duplicate and complimentary type of epistasis were concerned with the expression of characters, and broad and narrow sense heritabilities of fruit weight and pericarp weight were fairly high and stem weight, placenta weight and seed weight were low. Correlations among the anatomical components were positively significant in fresh and dry weights.