This paper estimates line constants of equivalent five-conductors model using the reduced equivalent method. Actually, the catenary system is considered by the equivalent five-conductors model in the electrical aspect. Therefore, we should compose the catenary system of the equivalent five-conductors model, then the line constants of this equivalent five-conductors model are calculated. This paper shows the reducing process about the real system of the field by using the proposed theory. Also the line constants of reduced system are provided in this paper.