The Perfectly Matched Layer(PML) provide good performance in absorption over a wide frequency range and is an appropriate ABC for waveguides with high dispersion. In this paper, a novel algorithm is proposed to improve the computational efficiency of the PML. In the input and output ports, the fields are decomposed into a series of modes, and then an appropriate ABC is applied to each mode. CPU time and memory storage requirements are greatly reduced, since the computational region is analyzed in one dimension. A WG-90 rectangular waveguide with a thick asymmetric iris is analyzed by Finite-Difference Time-Domain(FDTD) simulations with the conventional PML and the proposed one-dimensional (1-D) PML. Numerical results show that the computational efficiency is significantly improved by the proposed method.