Connection admission decision in ATM networks requires decision made in real time using fast algorithm. It is difficult to construct a model of the multiplexed traffic and thus, approximation of the traffic load is necessary. In this paper, we propose a measurement-based dynamic CAC(Connection admission Control) in ATM(Asynchronous Transfer Mode) networks, which observes current traffic by the moving window and set the window size to the value which is computed from the measured cell loss amount. It is based on the measurements of the traffic load over an admission period that is load enough to reflect the current traffic behavior instead of analytic modeling. And, the dynamic reallocation of bandwidth for each class leads to effective bandwidth utilization. The performance of proposed method is analyzed through computer simulation. The performance of proposed method is analyzed by using SIMAN simulation package and FORTRAN language. As can be seen in the simulation result, cell loss performance and bandwidth utilization have been increased.