In this paper, we evaluate the performance of a Futurebus based multiprocessor system with MESI cache coherence protocol for four bus transaction types. Graphical symbols and compiler of SLAM II are used in modeling and simulation. A steady-state probability of each state for MESI protocol is computed by a Markov chain. The probability of each state is used as an input value for a correct simulation. Processor utilization, memory utilization, bus utilization, and the waiting time for bus arbitration are measured in terms of the number of processors, the hit ratio of cache memory, the probability of internal operation, and bus bandwidth.