This study was conducted to solve the problems for the unsuitable parameters and the uncertainty of design flood can be appeared by low outliers were inclined to the lower part from the trend of the balance of the data. Derivation of reasonable design flood was attempted finally by modification of low outliers with analysis of flood frequency by means of Log Pearson Type Ill distribution. Three subwatersheds were selected as studying basins with the annual maximum series including low outliers along Geum River basin. The results through this study were analyzed and summarized as follows. 1. Log Pearson Type In distribution was confirmed as a reasonable one by X$^2$ goodness of fit test at Gong Ju, Gyu Am, og Cheon watershed along Geum River basin. 2. Probable flood flows for each watershed were derivated by flood frequency curve with outliers. 3. Weighted skew coefficient for each watershed was calculated for the evaluation of freq- uency factor which is needed for the modification of low outlier. 4. It was confirrned that adjusted frequency curve has a lower tendency than that of deletion of low outlier in common at all watersheds. 5. Final probable flood flows were derivated by modification with evaluation of modified basic statistics for three watersheds. 6. In comparison with a frequency curve with modification and one with outlier, The former has a higher probable flood flow within three years of return periods than that of the latter, and vice versa over three years of return periods.