It is important to make a mechanical structure precisely and reasonably in predicting the dynamic characteristics, controlling the vibration, and designing the structure dynamics. In finite element analysis model updating is appropriate as the design parameter is used to analyze the dynamic system. The errors can be contained from the physical parameters and the element modeling. From the dynamic test, more precise dynamic characteristics can be obtained. In this paper, model updating algorithm is developed using frequency difference between experiment and calculation. Modal frequencies are obtained by experiment and finite element analysis for beams with various cross section and shapes which have added masses and holes in the middle. For plates with and without groove, experiment and analyses are carried out by applying free boundary conditions as well. Mass and stiffness matrices are updated by comparing test and analytical modal frequencies. The result shows that the updated frequencies become closer to the test frequencies in case that both matrices are updated. An improved analytical model is obtained by changing model parameters such that the discrepancy between test and finite element frequencies is minimized. For beam and plate models updating of mass and stiffness matrices can improve the dynamical behavior of the model by acting on the physical parameters such as masses and stiffness.