We investigated the changes of (U, Ce)$O_2$ powder characteristics with $CeO_2$ contents and ball-milling time and then studied on the sintering properties with those (U, Ce)$O_2$ powder characteristics. From the results of this study, it was concluded that the longer ball-milling time of (U, Ce)$O_2$ powder was, the finer its particle size was. Green and sintered densities were decreased with $CeO_2$ contensts increase. And also $CeO_2$ was recongized deteriorating oxide on the $UO_2$ sintering. In case of the lOwt. % $CeO_2$ contents, (U, Ce)$O_2$ sintered pellet which was made of ball-milled powder for 4 hours had few pores and its pores got near to the sphere. And its sintered density had the highest. Because its powder had higher surface area and its packing ratio was appropriated much better than others.