The natural frequency of a beam plays an important role in not only vibration analysis but also understanding its dynamic characteristics. It is complicated to analyse the natural frequency of a stepped beam with discontinuously varying section. Approximate analysis methods such as Rayleigh-Ritz method, FEM, etc. are frequently used for the vibration analysis of stepped beams. In such a case, accuracy of these methods depends upon the number of partitioned elements, the number of the iterations in calculation and the assumed mode shape. This study presents an approximate analysis method for the fundamental natural frequency analysis of stepped cantilever beam, using equivalent beam transformation technique. Validity and usefulness are verified by comparing the proposed method with FEM for several example problems.