Misaligned shafts of the rotating machinery have caused noise, vibration. bearing failures, and stress concentration of coupling parts which decrease the efficiency and life of shaft systems. Therefore the proper shaft alignment of those system should be monitored continuously in dynamic condition. To solve these problems under dynamic condition a telemetry system is used. In this study, the condition of the least bending moment which is known by analyzing the structure and stress induced by misalignment is found. After the shaft is aligned by dial gage, a telemetry system with strain gages is installed on shaft. The relationship between bearing displacement and moment of coupling part influenced by misalignment is investigated. The moment derived from two shaft strain at the nearby coupling is measured. The bending strain is measured 5 times for average in static state as well as in dynamic state with 100∼700 rpm.