Based on the theory of runoff equation proposed by SCS, the actual storage capacity(Sa) as a modified retention paramater was introduced to estimate the effective rainfall for the daily streamfiow analysis. During a storm, the actual storage capacity is limited by either soil water storage or infiltration rate as precipitation increases. Therefore, it was assumed that Sa is dependent on the baseflow before storm runoff(Qb) corresponding to soil water storage and the total amount of precipitation(P) corresponding to infiltration rate of a watershed. Effective rainfalls (Direct run-offs) estimate4 from SCS equation using Sa were compared with observed effective rainfalls at 10 watersheds in Geum river watershed boundary. 1. Regression equation for Sa was supposed Sa=Co+C$_1$XP+C$_2$X Qb Regression coefficients were highly significant at the level of 0. 01 and R$^2$ were 0.57 to 0.73. 2. The adjustment of coefficient of initial abstraction was made according to the storm size. It was adjusted to 025 for 3Omm or less, 0.23 for 30 to 80mm, 020 for 80 to 200mm, and 0.1 for 20Omm or more. 3. Regression equations between estimated and observed effective rainfall showed that slopes were 0.857 to 1.029 and R$^2$ were 0.779 to 0.989,