This paper describes a study on dynamic characteristics analysis and dynamic compliance evaluation of a 5-axis multi-tasking machine tool of ram-head type. Structural dynamics analysis and evaluation are necessary to machine tool design and development to secure good machine tool performance against tough and harsh machining conditions. In this study, natural frequencies and corresponding vibration modes of the machine tool structure were analyzed by using both F.E.M. modal analysis and impulse hammer test. Furthermore, dynamic compliance of the machine tool was analyzed by using F.E.M. and also measured by using a hydraulic exciter test. Both the theoretical analysis and experimental test results showed good agreement with each other.