A study on friction welding of stainless steel bar(SUS431) to chrome molybdenum steel bar(SCM21) was accomplished experimentally through analysis for relations among friction welding conditions, tension test, hardness test, microstructure test and acoustic emission test. The results obtained are summarized as follows ; 1. Through friction welding of SUS431 bar to SCM21 bar, the optimum welding condition by considering on strength and toughness was found to be the range of heating time of 3-5 sec when the number of rotating speed of 2000rpm, heating pressure of 10kg/$mm^2$, and upsetting time of 4 sec. 2. Quantitative ralationship was identified between heating time($T_1$, sec) and tensile strength (${sigma},;kgf/mm^2$) of the friction welded joint and the relation equation is $sigma$=52.62$T_1{^{0.06}}$. 3. Through AE test, quantitative relationship was confirmed between heating time($T_1$, sec) and total AE(N, counts) during welding, and the relation is computed as follows ; N=30413.6$e^{0.06T1}$. 4. It was confirmed that the quantitative ralationship exists between the tensile strength of the welded joints and AE cumulative counts. And the relation is computed as the following ; ${sigma}$=16.37(ln N)- 116.4. 5. When ONZ=36500-41500 counts by $OT_1Z$=3~5sec, it was identified by experiment that the range of welded joint tensile strength is 55.6-57.7kgf/$mm^2$/ whose joint efficiency is more than 100%, and it was experimentally confirmed that the real-time nondestructive quality(strength) evaluation for the friction welded joints could be possible by acoustic emission technique.