In this paper, we propose a satellite multispectral image data compression method using classified vector quantization. This method classifies each pixel vector considering band characteristics of multispectral images. For each class, we perform both intraband and interband vector quantization to romove spatial and spectral redundancy, respectively. And residual vector quantization for error images is performed to reduce error of interband vector quantization. Thus, this method improves compression efficiency because of removing both intraband(spatial) and interband (spectral) redundancy in multispectral images, effectively. Experiments on landsat TM multispectral image show that compression efficiency of proposed method is better than that of conventional method.