An approximate analytical method has been developed for estimating hydrodynamic forces acting on oscillating inner cylinder in concentric annulus. When the rigid inner cylinder executes translational oscillation, fluid inertia and damping forces on the oscillating cylinder are generated by unsteady pressure and viscous skin friction. Considering the dynamic-characteristics of unsteady viscous flow and the added mass coefficient of inviscid fluid, these hydrodynamic forces including viscous effect are dramatically simplified and expressed in terms of oscillatory Reynolds number and the geometry of annular configuration. Thus, the viscous effect on the forces can be estimated very easily compared to an existing theory. The forces are calculated by two models developed for relatively high and low oscillatory Reynolds numbers. The model for low oscillatory Reynolds number is suitable for relatively high ratio of the penetration depth to annular space while the model for high oscillatory Reynolds number is applicable to the case of relatively low ratio. It is found that the transient ratio between two models is approximately 0.2~0.25 and the forcea are expressed in terms of oscillatory Reynolds number, explicity. The present results show good agreements with an existing numerical results, especially for high and low penetration ratios to annular gap.