The paper deals with vibration suppression and dynamic stability of a vertical cantilevered pipe conveying an internal flowing fluid and having an attached mass. Real pipe systems may have some valves or mechanical attached parts, which can be regarded as attached lumped masses. The effect of attached mass on the dynamic stability of a cantilevered pipe conveying fluid is investigated for different locations and magnitudes of the attached mass. The flow rate was controlled through motor pump output and measured by a flow meter. Experimental resutls in the vicinity of flutter fluid velocity were compared with theoretical predictions. It has been found that the experimental results are in substantial agreement with the theoretical predictions. Finally, in order to suppress the vibration of the pipe subjected to a disturbance, and control technique using an internal flowing fluid is introduced.