Recently, interest in multivalued(MV) logic system has been increased, despites the apparent difficulties for practical application. This is because of the many advantages of the MV compared with the 2-valued logic systems, such as; (a) higher speed of arithmetical operation on account of the smaller number of digits required for a given data, (b) better utilization of data transmission channels on account of the higher information contents per line, (c) potentially higher density of information storage. This paper describes a MV switching theory and experimental MV logic elements based on current-mode logic technique. These elements tried were a 3-stable pulse generator, a ternary AND, a ternary OR, a MT circuit and a ternary inverter. Tristable flops which are indispensable for constituting a ternary shift register are synthesized using these gates. A BCD to TCD decoder, and vice versa, are proposed by using a ternary inverter and some binary gates. Thus, the feasibility of a large scale MV digital system has been demonstrate.