To estimate the peak discharge from the small rural watersheds, 53 storm events of seven small watersheds from 1972 to 1989 were selected and were analyzed by the multiple regression technique. The peak values by the new prediction method developed in this study were also compared to the real data of Banwol Basins and the estimated peaks of the several watersheds which were analyzed by the Korean engineering companies. These values were also compared to the results from the other method, i.e. the Rational Method, the Kajiyama Method, the Nakayasu Unit Hydrograph companies. Through Method, the Area Routing Method, etc., which are favored by the Korean engineering companies. Through these comparisons, it is proved that the proposed method may be used for day-to-day use without any problem. However, there should be some modifications and improvements as more data are available in the future.