The shell and tube heat exchangers were introduced to apply to a big capacity condenser and a high pressure feed water heater for power plant in the beginning of 1990s. Design and manufacturing technology fur shell and tube heat exchangers have been developed until now. But it is very difficult to calculate the expected performance characteristics of the shell and tube heat exchanger, because there are many design parameters to be considered according to internal structure and the shell side heat transfer mechanism complicately related to the design parameters. Design parameters to be considered in the design stage of shell and tube heat exchanger are shell and tube side fluids, flow rate, inlet and outlet temperature, physical properties, type of heat exchanger, outer diameter, thickness, length of tube, tube arrangement, tube pitch, permissive pressure loss on both sides, type of baffle plate, baffle cutting ratio. The propose of study is an analysis TEMA(Tubular Exchanger Manufacturers Association) E shell and tube heat exchanger performance with changing a number of baffles(3, 5, 7, 9, 11) and tubes(16, 20) and determined optimal baffle spacing.