The effect of chemical composition on mechanical properry and corrosion resistance of austenitic stainless steel was investigated. The main results obtained were as follows : 1. There was a linear relationship between the tensile strength of stainless steel and the $Cr_{eq}/Ni_{eq}$. The larger the $Cr_{eq}/Ni_{eq}$ was the higher the tensile strength of stainless steel. 2. There was a good correlationship between $Cr_{eq}/Ni_{eq}$ and intergranular, gerneral corrsion rate. 3. Intergranular corrosion rate decreased linearly with increasing Cr content. 4. General corrosion rate decreased linearly with increasing Ni content. 5. Logarithm corrosion rate of intergranular and general corrosion has a linear relationship with all of the factor of $Cr_{eq}/Ni_{eq}$, Cr and Ni content.