A new oscillatory neural circuit with computational function has been designed and been designed and fabricated in an $0.5{mu}m$ double poly CMOS technology. The proposed oscillatory circuit consists of 3 neural oscillators with excitatory synapses and a neural oscillator with inhibitory synapse. The oscillator block which is a basic element of the neural circuit is designed with a variable negative resistor and 2 transconductors. The variable negative resistor which is used as a input stage of the oscillator consist of a bump circuit with Gaussian-like I-V curve. SPICE simulations of a designed neural circuit demonstrate cooperative computation. Measurements of the fabricated neural chip in condition of ${pm}$ 2.5 V power supply are shown and compared with the simulated results.