In this study, the drawing characteristics of circular drawbead are examined with the plane strain elastic-plastic FE Method. Both the clamping load and the drawing load investigated by varying the process variables such as drawbead radius, closing depth and friction condition. The effective strain induced by the draw bead is also investigated. In order to verify the results, the computed results are compared with the existing experimental results. It has been found that both the clamping load and drawing loads are related with the geometry of the bead rather than the lubrication conditions.