The influences of vanadium addition on the cavitation erosion resistance pf Fe-Cr-Ni-Si-C hardfacing alloy were investigated using a vibratory apparatus up to 30 hrs. It was shown that 1wt.%V additioned alloy improved the resistance to cavitation damage. However, further increase in V content up to 2wt.% reduced the cavitation erosion resistance. It was considered that the addition of V developed the cavitation erosion resistance by reducing the stacking fault energy of Fe-Cr-Ni-Si-C alloy. However, the further increase in V content seemed to reduce the cavitation erosion resistance by increasing the matrix/carbide interfacial area, which was the preferential sites of the cavitation damage.