In this paper, we present the equations of motion by which the natural vibration of a rotating annular disk can be analyzed accurately. These equations are derived from the theory of finite deformation and the principle of virtual work. The radial displacements of annular disk at the steady state where the disk is rotating at a constant angular velocity are determined by non-linear static equations formulated with 1-dimensional finite elements in radial direction. The linearlized equations of the in-plane vibrations at the disturbed state are also formulated with 1-dimensional finite elements in radial direction along the number of nodal diameters. They are expressed as in functions of the radial displacements at the steady state and the disturbed displacements about the steady state. In-plane static deformation modes of an annular disk are used as the displacement functions for the interpolation functions of the 1-dimensional finite elements. The natural vibrations of an annular disk with different boundary conditions are analyzed by using the presented model and the 3-dimensional finite element model to verify accuracy of the presented equations of motion. Its results are compared and discussed.