The purpose of this study was to assess the effect of three formulations; product A (polyethylene glycol was used as a main dispersing agent), product B (wax mixture was used as a main dispersing agent) and product C(silicon dioxide was used as a main dispersing agent) on bioavailability of acetaminophen soft gelatin capsules(softgels) and to develop an effective acetaminophen softgel which exhibits an excellent bioavailability. Acetaminophen softgels of various formulations were prepared as 4 minim round type by rotary die method. Four softgels of the three formulation (A, B, C), each of which contained 50 mg acetaminophen, were administered orally to 12 normal healthy rabbits using a three-way cross over design. Plasma acetaminophen concentrations were measured by HPLC. The results obtained in this study were as follows: 1. The Tmax rank order of acetaminophen softgel was C$(63.75{pm}10.62;min)$>A$(36.25{pm}5.37;min)$>B$(35{pm}6.74;min)$. 2. The decreasing Cmax order of softgel product was A$(93.51{pm}0.55;{mu}g/ml)$>B$(3.16{pm}0.37;{mu}g/ml)$>C$(2.6{pm}0.55;{mu}g/ml)$. 3. The $[AUC]^{infty}_0$ rank order for three acetaminophen softgel formulations was A $(14.89{pm}1.56;{mu}g/ml{cdot}min)$ >B$(14.39{pm}1.43;{mu}g/ml{cdot}min)$>C$(11.45{pm}1.49;{mu}g/ml{cdot}min)$. 4. Pharmacokinetic parameters such as Tmax, Cmax and $[AUC]^{infty}_0$ of product A and B did not differ significantly(p>0.05). On the other hand, those of product C were significantly different(p>0.05).