The purpose of this study was to examine the effects of Progressive Resistive Exercise Program and Aqua Exercise Program on Lower extremity Muscle strength, Balance in Elderly old. The average age of elder female was 71.65 years. Subjects of the study were twenty older women living in daejon. The date were analyzed with frequency, independent t-test, paired t-test using SPSS PC(ver.10.0). The subjects were practiced with focusing on the Progressive Resistive Exercise Program and Aqua Exercise Program for 8 weeks, from 8, April 2002 to 1, June 2002. The results of this study were as follows: 1. After the Progressive Resistive Exercise Program, Balance ability by OLSTR, OLSTL was improved(p<0.05) on the soft surface with close eyes. 2. After the Aqua Exercise Program, the strength of the right knee flexors and extensors was improved(p<0.05). 3. After the Aqua Exercise Program, the strength of the left knee flexors was improved(p<0.01). 4. After the Aqua Exercise Program, Balance ability by OLSTR was improved(p<0.001) on the soft surface with open eyes, close eyes and by OLSTL was improved(p<0.05) on the hard surface with open eyes.