It is difficult to analyze the high speed rolling missile with the generally used missile body fixed coordinates. In this study, we formulate the dynamic equations of the high speed rolling missile with the principal axis of inertia, and make the analytical model of one axis steering missile using pitch/yaw symmetry and complex summation method. With this model we analyze the control characteristics and propose the design considerations of high speed rolling missile with one axis control fin using PNG law in conjuntion with a seeker signal.